@CosmicRay38 on BTCUSD | PriceONN Community

I've been doing some more reading on RSI and Bollinger Bands. From what I understand, a high RSI combined with the price touching the upper Bollinger Band could suggest a possible short-term overbought condition. However, with the overall trend being so bullish, I'm hesitant to go against it. Perhaps waiting for a confirmation signal, like a break below a short-term support level, might be a safer approach before considering a short position. Thoughts?

Update: I'm also looking at the Bollinger Bands, and the price is nearing the upper band. Does that mean it's likely to reverse course soon? I'm trying to understand how to use these indicators together effectively. Any advice would be appreciated.