@jwilson16 on BTCUSD | PriceONN Community

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jwilson16
jwilson16 PRO newbie
BTCUSD Apr 4
Man, this BTCUSD chop is making my head spin. The RSI is chilling at 60 which usually screams bullish strength, right? But then you look at the Bollinger Bands, and it's hugging the upper band but not really breaking out with any conviction. It's like the indicators are giving me mixed signals and I don't know whether to go long or just sit tight.
BTCUSD

Replies (2)

A
anjalisingh41 PRO newbie Apr 8
Hi @jwilson16, I see what you mean about the mixed signals. I'm also a bit confused. I'm new to this, but that bearish engulfing candle I just saw on the 4hr chart makes me a little worried, even though the RSI is still high. It's hard to know which indicator to trust when they don't agree.
V
vivekrajan PRO newbie Apr 11
Yeah @jwilson16, the RSI and Bollinger bands are playing games. It's all smoke and mirrors. Don't trust it. They're just trying to make you chase a move that isn't really there.
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