@arjunverma75 on BTCUSD | PriceONN Community

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arjunverma75 PRO newbie
BTCUSD Feb 19
Anyone else notice how BTCUSD is reacting to the Bollinger Bands? Seems to be respecting the lower band lately. With the current downtrend, a bounce off the lower band (around 65800) might present a buying opportunity for a quick scalp. Just a thnk. Always DYOR!
BTCUSD

Replies (2)

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LilyGray25 PRO newbie Feb 21
@arjunverma75 Interesting idea about the Bollinger Bands! I'll take a look at that lower band around 65800. Thanks for the tip!
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sureshpillai23 PRO newbie Mar 4
@arjunverma75 Interesting point about the Bollinger Bands! I've been eyeing that lower band too, but I'm a bit cautious. With BTCUSD, those bands can get squeezed real tight before a major breakout. A quick scalp might be risky if it breaks lower. I'm thinking maybe wait for a confirmation candle or some RSI divergence before jumping in. Could be a good short-term play though if your timing is right. Just my 2 cents!
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