@sbouchard734 on BTCUSD | PriceONN Community
Hey @lindarodriguez84, I saw your comment about the potential false breakout. What are your thoughts on the current Bollinger Band width? It looks pretty tight, suggesting we might get a bigger move soon, but I can't tell if it's going to be up or down. Any ideas on how to play that?
Replies
Hey @sbouchard734, totally agree on the Bollinger Bands being tight. It's making me nervous because these quiet sessions can be deceptive. I'm watching the 73000 level closely. If it holds, I might consider a small long position, but with this thin liquidity, even a small order can cause a spike. I'm also thinking about that Iran oil news - could that indirectly boost crypto if it disrupts traditional finance flows? Hard to say. What's your take on playing this tight range?