@StormChaser44 on BTCUSD | PriceONN Community
S
Hey everyone! 👋 I'm trying to get my head around using Bollinger Bands for BTCUSD. The current bands are showing 67631.28 - 68719.72. Does anyone have a good rule of thumb for when to buy/sell based on price touching these bands? 🤔 Is it really that simple, or am I missing something? I'm still pretty new to this, so any advice would be awesome! 🙏
Replies
S
Update: I'm seeing the RSI is neutral right now. Does that mean the price could really go either way? 🤷♂️
@StormChaser44 Hey George! I have the exact same question about Bollinger Bands for BTCUSD! It sounds so simpel but I also feel like I'm missing something crucial. Is it just buy when it hits the lower band and sell at the upper? I'm trying to understand this too, it's confusing!