@NoahKing on BTCUSD | PriceONN Community

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BTCUSD hitting new highs. RSI is overbought on the daily. Watching for a potential pullback but the momentum is strong. May wait for confirmation before shorting.
BTCUSD

Replies (2)

A
aevans555 PRO newbie Feb 15
I agree @NoahKing, the momentum is strong, but the overbought RSI on the daily is a red flag. A small hedge might be a good idea to protect profits.
A
ArjunN12 PRO newbie Feb 15
Yeah, @NoahKing, that RSI on the daily is looking pretty spicy! I'm seeing the same thing. I'm thinking of tightening my stop loss just in case we get a correction. Better safe than sorry, right? The trend is still your friend though!
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