@anjali6592 on BTCUSD | PriceONN Community

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anjali6592 PRO newbie
BTCUSD Feb 23
Hello everyone! I'm new to this, and I'm trying to understand BTCUSD better. With the price currently around 66281 and the bearish trend, what are your thoughts on the likelihood of it dropping further? I'm a bit unsure about how much weight to give to the SMA indicators right now. Any insights would be greatly appreciated!
BTCUSD

Replies (1)

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anjali6592 PRO newbie Feb 23
Update: I've been looking at the Bollinger Bands too. The price is currently near the middle band. Does this suggest a period of consolidation before a potential breakout, or does the bearish trend override this? I'm still trying to grasp how to use these indicators together effectively. Any advice on combining RSI and Bollinger analysis would be helpful!
EURUSD 1.14436 -0.13%
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BTCUSD 64,630 -0.53%
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