TradingView
Durbtrade
Dec 11, 2022 5:24 PM

BTC : 2hr Bollinger Band Width lowest since October 2018 

Bitcoin / U.S. dollarBitstamp

Description

Bitstamp BTC 2hr Bollinger Band Width printed a drop to 0.00432 just now... lowest point since October 2018.

Top left chart shows 2hr BTC BBW in October 2018.
Top right chart shows 2hr BTC BBW at present.
Bottom chart shows BTC price action since October 2018 on the 3day.


// Durbtrade

Comment

Bitstamp BTC 2hr Bollinger Band Width printed a drop to 0.00320 today.

While this current drop is indeed below the 0.00432 December 11th 2022 low that I highlight above, it is still not lower than the October 2018 drop to 0.00318 ...

If it drops lower than 0.00318 , it will be the lowest Bitstamp BTC 2hr Bollinger Band Width dating back to at least January 2018,
which is the furthest back that Trading View displays 2hr data.



// Durbtrade
Comments
Solldy
very possible scenario
Durbtrade
i think it is atleast worth looking at @Solldy, especially since this is what happened last time...
Durbtrade
ofcourse, the inversion could happen...
SwallowPremium
Great job! Let’s have a great trading session, thank you!
Durbtrade
Thanks for the comment @SwallowPremium, it is much appreciated!
Durbtrade
Extremely low volatility can indicate a strong breakout
Durbtrade
especially if there are multiple instances of extremely low volatility
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