BTCUSDT: Bearish Blip
Price closed above the Keltner's higher channel.
RSI 14-period peaked higher than 60%.
RSI 3-period peaked higher than 70%.
Price starts to range at the overbought area.
This is a sign of a Bearish Blip, a potential reversal.
To begin cost averaging or to enter a sell/short order, go to the 1-hr time frame and wait for the price to close below 50% of the RSI 14-period and/or when price closed below 26790.
Apply 1:2 risk ratio or trailing stop loss.
White dot arrows illustrates possible price movements.
/please DYOR/trade at your own risk
RSI 14-period peaked higher than 60%.
RSI 3-period peaked higher than 70%.
Price starts to range at the overbought area.
This is a sign of a Bearish Blip, a potential reversal.
To begin cost averaging or to enter a sell/short order, go to the 1-hr time frame and wait for the price to close below 50% of the RSI 14-period and/or when price closed below 26790.
Apply 1:2 risk ratio or trailing stop loss.
White dot arrows illustrates possible price movements.
/please DYOR/trade at your own risk
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