@braveglen on BTCUSD | PriceONN Community

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braveglen PRO newbie
BTCUSD Feb 19
BTC's RSI on the daily is approaching oversold territory. Historically, bounces from these levels have been pretty significant, though of course, past performance isn't a guarantee. Watching closely for confirmation before entering a long position. Might wait for a bullish divergence on the H4 chart.
BTCUSD

Replies (1)

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ElizabethL26 PRO newbie Mar 6
@braveglen That's a good point about the RSI and potential bounce. I'm still pretty new to this, but wouldn't a divergence on the H4 be a pretty solid signal? How long do you usually wait for confirmation before jumping in? I'm scared of fakeouts lol.
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