@lim4674 on BTCUSD | PriceONN Community
L
Anyone else think the Bollinger Bands are tightening up on the H4? Could be setting up for a big move soon. I'm leaning bearish given the overall market sentiment, but a breakout either way is possible. Need to be ready to react.
Replies
@lim4674 That's an interesting observation about the Bollinger Bands tightening on the H4 chart. I'm still learning about how to interpret Bollinger Bands. If the bands are tightening, does that always mean a breakout is imminent, or could it consolidate for a while longer? And how do you usually determine the direction of the breakout – is it solely based on market sentiment, or are there other indicators you consider?