@EvaHughes7 on BTCUSD | PriceONN Community
Just thinking about how the bollinger bands are looking pretty tight on BTCUSD right now. Could this mean we're about to see a big move? I'm still learning about these indicators, but it seems like a squeeze usually leads to something. Anyone else seeing the same thing?
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Update: So, I've been doing some more digging, and it seems like the SMA 200 is acting as a pretty strong support around 68200. If BTCUSD breaks below that, I think we could see a bigger correction. But, if it holds, maybe that bollinger band squeeze will finally pop upwards. I'm still a bit nervous about jumping in though, given how volatile crypto can be. I'm thinking of setting a tight stop-loss just in case. What do you guys thnk?