Consolidating uptrend for BTC?

krazyg(25)
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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.

20180226_BTCEUR.JPG

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:

20180226_Indicators.JPG

20180226_Indicators_day.JPG

Good luck and have fun, my fellow traders!

Consolidating uptrend for BTC? | Ecency