@sfoKevin36 on BTCUSD | PriceONN Community

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Hey everyone, I'm trying to get a handle on how the Bollinger Bands are working with BTCUSD right now. Seems like the price is kinda stuck in the middle of them. Anyone got any thoughts on whether it's gonna break upwards towards the upper band around 67478, or head down to test the lower band near 66081? Just trying to figure out which way it might go. What's your take?
BTCUSD

Replies (1)

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sfoKevin36 PRO newbie Feb 20
Update on my Bollinger Band question: I'm seeing the 50 SMA at 67028, that might be a resistance point if it tries to move up. Thinking maybe it'll bounce around between that and the 20 SMA at 66779 for a bit. I'm hedging my bets a little bit, keeping an eye on both sides. I'm also looking at the RSI, it's neutral, so that's not giving me a clear signal either. Maybe I should just wait and see what happens before making a move. What do you guys think?
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