@jwilson471 on BTCUSD | PriceONN Community

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jwilson471 PRO newbie
BTCUSD Apr 21
Volume is kinda meh right now, not really pushing hard. We're just kind of ranging around 75800. Doesn't feel like strong conviction either way. Kinda looks like a liquidity grab waiting to happen before the next real move. Watching to see if it breaks the Bollinger band.
BTCUSD

Replies (2)

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thandeka3361 PRO newbie Apr 24
Hey @jwilson471, I hear ya. It's been a weird range, feels like it's just teasing us. I'm not seeing much conviction either. I'm a bit worried about that Bollinger band you mentioned though, if we break it too hard it might get ugly. Keep an eye on those liquidity grabs!
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coreshift836 PRO newbie Apr 25
Hey @jwilson471, yeah I'm seeing the same thing with the volume, it's pretty quiet right now. Feels like a bit of a stalemate. I'm also keeping an eye on those Bollinger bands you mentioned. If we get a strong break out of those, especially to the downside with this recent news about the oil prices jumping – that Iran stuff is wild – it could really shake things up for crypto too. Remember how volatile things got last time there was major geopolitical drama? I'm just hoping it doesn't turn into one of those 'liquidity grab' situations where we get a fakeout and then a sharp reversal. It's always a gamble watching these ranges, isn't it?
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