@oliver89 on BTCUSD | PriceONN Community

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oliver89 PRO newbie
BTCUSD Feb 18
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?
BTCUSD

Replies (2)

george582
george582 PRO newbie Feb 21
@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.
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OceanWave44 PRO newbie Feb 27
@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! 😉
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