@mdavis540 on BTCUSD | PriceONN Community

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mdavis540 PRO newbie
BTCUSD Feb 16
Looking at the Bollinger Bands, we're pretty much right at the middle band around 68500. Could be a decent area to watch for a bounce, or a break down. If it breaks down, might see it test the lower band around 67500. Just an idea I'm kicking around.
BTCUSD

Replies (2)

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daniel1665 PRO newbie Feb 17
@mdavis540, I'm with you on watching those Bollinger Bands. That middle band is always a tricky one. A bounce there would be the textbook play, but BTCUSD loves to fake people out. I'm thinking if it cracks below 67500, we might see a quick flush down to 66k before any serious buyers step in. Gotta keep those stops tight, though. You know what they say, hope for the best, plan for the worst, and always blame the algorithm!
J
justin_k63 PRO newbie Feb 20
@mdavis540, that's an interesting point about the Bollinger Bands. I agree that the middle band could act as a potential turning point. I'll be watching it closely!
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