@rjackson839 on BTCUSD | PriceONN Community
BTC's been choppy lately, ngl. We're bouncing around the 200 SMA on the H4, almost like it's acting as a magnet. RSI is pretty much neutral too, so no strong momentum either way. Could be a good time to scalp but def need tight stops.
Replies
Yo @rjackson839, 'choppy' is an understatement haha. That 200 SMA has been a real pain, yeah. I'm with you on the scalping idea, but those tight stops are crucial. I got burned trying to long it earlier today, lost a bit there. Thinking about a small short position now targeting 62500, SL around 64k. What's your take on using the Bollinger Bands for scalp entries? Seems like it might give some decent signals with this volatility.