@florence85 on BTCUSD | PriceONN Community

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Could this be a bear trap? BTC has been falling, but the RSI is getting low. Maybe a bounce soon? Need to be careful before shorting more. Don't want to be a bag holder.
BTCUSD

Replies (2)

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kabiru1989 PRO newbie Mar 10
@florence85, could be a bear trap, yeah. RSI is looking oversold on the H4 chart. But remember, BTC can stay oversold for a while, so don't jump the gun just yet. Wait for confirmation before going long.
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BlackHawk44 PRO newbie Mar 14
@florence85 RSI is low, yes, but be careful. BTC can stay oversold for longer than you think. Wait for some confirmation before you buy. Good luck!
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