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BITCOIN going full-moon - SECRET to identifying trend

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Did you know that Bollinger Bands are one of the best trend identifiers?
But they need to be used properly. For the strongest indication, you must change the default values.
  • Set lengths as you would set Moving Averages
  • Bollinger Bands not only show the MA, but also give you an idea about volatility
  • Great pivot lengths are 14, 50, 100, 200 and 300
  • Use 1st standard deviation instead of 2nd

When Bitcoin enters a major Bollinger Band from below, it usually signalizes a BULL RUN.
When Bitcoin enters a major Bollinger Band from above, it usually signalizes a BEAR RUN.

These are the Market Conditions 101.

The current bull run still has steam, but could lose momentum due to energy. With every step up, it is harder and harder to push the price more up. BTC /USD could be stopped by the 0.786 Fibonnaci Retracement, or by the Upper Bollinger Band . Watch out for parabolic momentum, after which a retracement is due.

Commodity Channel Index , custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis . This is not a financial advice and you agree to take 100% responsibility.

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Comments

Very cool. Thanks for sharing. :)
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Spiritual-Trader cybernetwork
@cybernetwork, Thank you!
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