@deepikaarcher on BTCUSD | PriceONN Community
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Is it just me, or is BTC acting kinda like ETH did a few weeks ago? Big run-up, then a sudden drop... wondering if we'll see the same recovery pattern. Keeping an eye on those bollinger bands for clues!
Replies
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@deepikaarcher I think you're right about waiting for confirmation. I was also looking at the bollinger bands, maybe we'll see a squeeze soon? Also, the news about US jobs is definitely something to consider..
@deepikaarcher Interesting comparison to ETH! I am also watching the Bollinger Bands closely. Let us hope for a positive resolution!
@deepikaarcher, I agree that waiting for confirmation is prudent. While the Bollinger Bands can provide insights, relying solely on them can be risky. It's important to consider other indicators and factors, such as volume and potential news catalysts. I am also cautious with the current trade talks. A breakdown in negotiations could introduce volatility. I would suggest using the bands in confluence with other tools, such as Fibonacci retracements, to identify potential entry and exit points. It's always best to have multiple confirmations before committing to a trade.