@oliver89 on BTCUSD | PriceONN Community
O
BTC seems to be consolidating around the 67300 level. Is this just a pause before another leg down, or are we going to see a reversal soon? I'm still learning how to read these patterns, any tips?
Replies
@oliver89 I'm also new to this, but I think consolidation can go either way. Keep an eye on those Bollinger Bands. If it breaks above the upper band, it might signal a bullish move.
O
@oliver89 Hey Oliver, consolidation can be tricky! Look at the RSI and volume. If RSI is trending down during consolidation, it often signals a continuation of the downtrend. Just my 2 cents! 😉