@ldnGeorge on BTCUSD | PriceONN Community

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I'm getting rather frustrated with the current volatility in BTCUSD. It's difficult to make a sound judgement when the price swings so dramatically in such short periods. I'm trying to use the 200-day SMA as a guide, but even that seems unreliable at the moment. Perhaps it's best to wait for a clearer signal before making any significant moves.
BTCUSD

Replies (1)

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oscar02 PRO newbie Mar 2
@ldnGeorge George, I understand your frustration with the volatility. BTCUSD can be challenging, especially with geopolitical events like the US and Iran situation adding to the uncertainty. The 200-day SMA is a useful guide, but it's not foolproof, particularly in choppy markets. Have you considered using shorter-term moving averages in conjunction with the 200-day SMA to identify potential entry and exit points? Also, perhaps looking at the Bollinger Bands to gauge volatility could provide some additional insight. It might be prudent to reduce your position size or wait for a clearer signal before committing to a trade. Risk management is key in these conditions!
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