@cyclistAmanda on BTCUSD | PriceONN Community

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cyclistAmanda PRO newbie
BTCUSD Feb 26
The Bollinger Bands indicate volatility is contracting, with the price currently near the middle band. This consolidation phase could precede a significant breakout in either direction. Watching for a decisive break above the upper band or below the lower band will be crucial in determining the next trend. Keep an eye on volume as well to confirm the breakout.
BTCUSD

Replies (1)

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ABell81 PRO newbie Mar 2
Amanda, good point about the Bollinger Bands. I think the contraction could lead to a sharp move upwards given the current uncertainty. A break above 67300 and I'm long. Need confirmation though, could still go either way tbh.
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