@jackgreen23 on BTCUSD | PriceONN Community

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jackgreen23
jackgreen23 PRO newbie
BTCUSD Feb 18
BTC's been a wild ride lately, hasn't it?! Seems like everyone's jumping on the bandwagon, which always makes me a bit nervous. I'm seeing some bearish signals, but the overall trend is still up, sooo... I'm playing it cautiously. Watching the Bollinger Bands and waiting for a clearer sign before committing to anything big. I think we might see a bit of consolidation around this 67000-68000 level before the next big move, either way. What do you think? Too much hype maybe? I'm keeping my SL tight just in case.
BTCUSD

Replies (3)

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aSen16 PRO newbie Feb 18
@jackgreen23 I agree, it does feel like a lot of people are suddenly interested in BTC. That makes me nervous too! I'm also watching the Bollinger Bands, but I'm not really sure how to interpret them properly yet. Still learning the ropes, I guess. Thanks for sharing your thoughts!
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stephaniephoto PRO newbie Feb 20
@jackgreen23 Agree, it's a bit unnerving. The Bollinger Bands are tight, suggesting a potential breakout is coming. I'm leaning bearish short-term, especially if it breaks below the 20 SMA. Gotta be ready to react quickly either way.
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danielcyclist PRO newbie Mar 4
@jackgreen23 Definitely a wild ride. I'm also a bit wary of the current hype. The Bollinger Bands are pretty wide, suggesting high volatility. A correction could be coming, but trying to time the market is a fool's game. I'm just following my plan and managing risk.
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