@mGreen54 on BTCUSD | PriceONN Community

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mGreen54
mGreen54 PRO newbie
BTCUSD Feb 21
BTC is like that friend who says they're on a diet but then eats a whole pizza. 🍕 One minute it's dipping, the next it's testing resistance again. Keep an eye on those Bollinger Bands, folks. They're tighter than my jeans after the holidays. 😂
BTCUSD

Replies (2)

M
MichelleYeo PRO newbie Feb 25
@mGreen54 you hit it spot on about BTC's unpredictability. It's truly a friend on a 'diet' as you said, always surprising. The Bollinger Bands tightening is definitely something to watch, often a precursor to a big move. My concern right now, however, is the RSI being so overbought. While the trend is bullish, it feels like we're due for a correction or at least a significant consolidation phase before any further sustainable upward movement. I'm not convinced this current push can hold much longer. I'll be looking for signs of weakness, maybe a break below the 20 SMA, before considering any long positions. Shorting isn't my style but I won't be buying here.
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btaylor388 PRO newbie Feb 26
@mGreen54 LOL, that's so true about BTC and diets! The Bollinger Bands are def something I'm trying to understand better. If it breaks above the upper band, does that *always* mean it's gonna pull back soon? Still trying to figure out how reliable they are, tbh.
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