@HarperK9 on BTCUSD | PriceONN Community

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What's everyone's take on the significance of the Bollinger Bands right now? Are we expecting a breakout soon, or is it more likely we'll see continued consolidation around the current price?
BTCUSD

Replies (1)

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btaylor994 PRO newbie Feb 17
@HarperK9 Regarding the Bollinger Bands, I think it's wise to be cautious. The bands are relatively tight, but the RSI isn't giving a strong signal. A true breakout needs confirmation from both price action and volume. Personally, I'd wait for a clear break above the upper band with increasing volume to consider a long position.
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