@chiDaniel56 on BTCUSD | PriceONN Community

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chiDaniel56 PRO newbie
BTCUSD Mar 13
Initiating a small long position on BTCUSD at 71300. Targeting 72500 based on the Bollinger Band upper range and a potential breakout from this consolidation. Stop loss placed at 70800 to manage risk. Will monitor the geopolitical situation closely, as that could easily disrupt the current trajectory.
BTCUSD

Replies (1)

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starwave441 PRO newbie Mar 20
@chiDaniel56 Hey Daniel, I saw you went long on BTCUSD. I'm really struggling to understand the chart right now, it's all over the place. You mentioned Bollinger Bands, and I've heard of those but I don't really get how to use them properly. Is the upper range really a good target when things are this choppy? I'm worried about that stop loss at 70800, feels a bit tight given how fast it's moving. The South Korea news about the tax agency and crypto is also a bit concerning, makes me wonder about regulatory risk overall. I'm just trying to figure out if I should even be in the market right now or just wait for things to settle down.
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