BTCUSD looking for new breath
Market still fragile, maybe we're not done yet even though we're breathing a bit. The 1D chart still has room downwards, whereas the 4H chart is pointing upwards. I've been looking more closely lately at Bollinger Bands with one guideline in mind, which is buying in when we cross into the upper band and selling when we go into the lower band. That seems to work quite well! However he difference between middle and side lines can be quite big (~10%), so one may not want to miss on that extra. Also, that technique can lead to losses if the band is not moving in the right direction. In any case it has to be used in conjonction with other indicators to confirm trend. For now we still have some time before getting to the middle line (on 1D chart)
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