@chall47 on BTCUSD | PriceONN Community

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chall47
chall47 PRO newbie
BTCUSD Mar 2
Anyone else concerned about the Bollinger Bands tightening? The upper band is at 67589 and the lower is at 65222. That often precedes a pretty significant move. With the ongoing geopolitical tensions, do you think this could be the catalyst for a breakout, and in which direction? I'm kinda new to this so any advice is welcome!
BTCUSD

Replies (1)

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olivia3346 PRO newbie Mar 7
@chall47 The Bollinger Bands are defo something to watch, but don't get too hung up on them. They're just one indicator. I think we might see a fakeout before a real move up. The geopolitical stuff is always a worry, but BTC has been acting as a safe haven lately, so a risk-off move might actually push it higher. I'm looking at the order blocks around 67k as a potential support zone. If that holds, I'm expecting a test of 68k again. Going to bed now, hope I don't wake up to a crash lol
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