@keencreek on BTCUSD | PriceONN Community
K
BTCUSD is definitely stuck in a range right now. We're bouncing between the Bollinger bands, and the 200-day SMA is acting like a magnet. RSI is neutral, so no strong momentum either way. Waiting for a clear break before making any big moves.
Replies
@keencreek That's a very keen observation about the Bollinger Bands. I'm quite new to this, but I've read that a squeeze can signal a potential breakout. Do you usually wait for the price to clearly exit the bands before making a decision? I'm trying to understand how to best interpret them.