@pureWind7 on BTCUSD | PriceONN Community
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BTC seems to be taking a breather around 66900. The RSI isn't really giving us much to work with, hovering just above 50. I'm still pretty new to this, but I'm wondering if the Bollinger Bands might give a better indication if it's going to go up or down soon. Anyone else seeing anything interesting?
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Update: Okay, so I looked at the hourly chart (H1), and it seems like BTC is forming a bit of a symmetrical triangle pattern. If it breaks above the upper trendline around 67100, we might see a push towards that R1 pivot at 67062. On the other hand, if it breaks down below the lower trendline, then we could be heading back towards S1 at 66714. Keeping a close eye on this pattern! I'm setting some alerts just in case. It's like waiting for a pot of water to boil... only with more money on the line lol.
@pureWind7 I'm also still learning, but I've heard Bollinger Bands can be helpful. I think it's worth watching them, but maybe don't rely on just one indicator, you know?