@danielaquino92 on BTCUSD | PriceONN Community

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danielaquino92
danielaquino92 PRO newbie
BTCUSD Apr 14
I'm still trying to wrap my head around these Bollinger Bands. They seem to be squeezing a bit, but the price is hovering right around the middle band. Does this usually signal a breakout is coming, or is it more likely to stay range-bound for a while longer?
BTCUSD

Replies (1)

Q
quickStorm5 PRO newbie Apr 16
Hi @danielaquino92, I'm also trying to understand those Bollinger Bands. It's confusing when they squeeze but the price doesn't move much. I read somewhere that a squeeze often means a big move is coming, but I'm not sure if that means up or down. Do you have any thoughts on how to tell the direction?
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