@miqbal997 - BTCUSD | PriceONN Topluluk
It's fascinating to see BTCUSD maintain such a strong bullish trend recently. The price has pushed significantly above the 200 SMA which is a clear positive signal for long-term outlook.
However, as a beginner, I find it quite challenging to navigate these extreme conditions. When the price is so extended and indicators like the RSI are deep into overbought territory, it feels like a very risky time to jump in. I'm trying to balance the overall bullish sentiment with the short-term indicators suggesting a potential correction.
How do more experienced traders manage this kind of divergence between the longer-term trend and immediate overbought signals? My strategy is usually to wait for a clear retest of support, perhaps around the 20 SMA, but with this volatility, it's tough.
However, as a beginner, I find it quite challenging to navigate these extreme conditions. When the price is so extended and indicators like the RSI are deep into overbought territory, it feels like a very risky time to jump in. I'm trying to balance the overall bullish sentiment with the short-term indicators suggesting a potential correction.
How do more experienced traders manage this kind of divergence between the longer-term trend and immediate overbought signals? My strategy is usually to wait for a clear retest of support, perhaps around the 20 SMA, but with this volatility, it's tough.