Community post
Consolidating uptrend for BTC?
Hi steemit,
If you ask me, today we could have finally seen the trend reversal we've all been waiting for in the BTCEUR (and of course the BTCUSD) trading pairs.
After a steep rise about five hours, we are still sitting at the same level it ended with.
Further, we strongly exceeded the upper Bollinger Band, which usually - with a REALLY high probability - means that there's a bounceback coming, which has not occurred so far!
A reason for that behavior could be a concolidating uptrend as shown by the thick green line.
As we can see on Tradingview, both hourly and daily Indicators suggest a good development:
Good luck and have fun, my fellow traders!
Replies (5)
Hi, great post, worth a follow. Looking forward to some more of your stuff.
Thank you! I'm gonna check out your blog as well ;)
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