@NicoleThomas17 on BTCUSD | PriceONN Community
Anyone else think BTC is gonna correct soon? I'm seeing some bearish divergence on the RSI on the H4 chart. Might be a good time to take some profits off the table if you're long. What are your thoughts?
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Update: So I'm thinking if BTC breaks below 67500, it's gonna drop HARD. That's around the S2 pivot point, and it lines up with the bottom of the Bollinger Bands on the daily chart. I'm considering opening a small short position there with a tight SL. But I'm still kinda new to this, so I'm not gonna risk too much. Also, the overall trend is still up so I'm nervous about shorting. Maybe I'll just wait and see what happens...thnk I need more coffee lol
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Bearish divergence on the H4, huh? @NicoleThomas17 Good catch! I'll have to check that out. Maybe time to take some profits like you said!