BTCUSD - Overbought - Short term oppurtunity
Updated
On the BTC-USD chart (1h timeframe), the price is currently overbought.
In this analysis, all three indicators are suggesting an overbought condition. The indicators used are the Bollinger Bands, RSI and Stochastics. This could mean that the price will drop when there is a confirmation of the price going down. When this happens a short position can be taken and profits can be taken.
See all further details on the chart.
Goodluck!
In this analysis, all three indicators are suggesting an overbought condition. The indicators used are the Bollinger Bands, RSI and Stochastics. This could mean that the price will drop when there is a confirmation of the price going down. When this happens a short position can be taken and profits can be taken.
See all further details on the chart.
Goodluck!
Comment
Price pumped above suggested stop loss and came back down to raeach target 1. If you're still in your short, wait for a final target.
💥 Free signals and ideas ➡ t.me/vfinvestment
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.