Bollinger Band Contraction Could Send Bitcoin Flying 50% Or More

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Bitcoin price continues to chug along sideways, leaving trading volume, volatility, and other key metrics stagnant. When volatility gets this low, the Bollinger Bands contract. Historically, the popular technical analysis indicator getting this tight on BTCUSD price charts has led to an explosive 50% or more move. But which direction will the cryptocurrency head? The first-ever cryptocurrency is at an important crossroads in its lifecycle. After nearly three years of a downtrend and repeated trips to $10,000 resistance, Bitcoin may finally break out into a new bull market. The asset’s halving was long expected to act as the catalyst, and that event has now since passed. But Bitcoin has done nothing but trend sideways, bringing boredom to the normally thrilling cryptocurrency market. As Bitcoin continues its tight trading range, trading volume has been in steady decline, and volatility has dropped to a record low. Tools measuring the important market metric such as Bollinger Band Width, are also reaching historic lows. The width of the daily Bollinger Bands has now contracted to just over 4% separation between them. This rare occurrence has only appeared a handful of times over the last several years, each time resulting in some of the largest moves in the crypto space. If history repeats and the Bollinger Bands are hinting at a major breakout, the resulting move could be shocking. Bollinger Band data indicates that the bands on daily timeframes have reached a width of just over 4% distance between them. Bollinger Bands are a popular technical indicator designed by John Bollinger. It consists of a moving average and two standard deviations that widen and tighten based on volatility. When volatility is non-existent, the bands “squeeze” signaling a massive move is coming. With Bollinger Bands this tight, there’s no denying a powerful breakout is near. But just how large of a move should traders expect? According to past data, Bollinger Bands tightening this much has led to between a 50% and 85% movement. The most recent instance was in November 2018 and sent Bitcoin tumbling to its bear market bottom at $3,200. Before that, there were two explosive moves that kicked off Bitcoin’s bull market in 2017. If Bitcoin truly is about to enter a new bull market, the eventual breakout should move up through resistance at $10,000. If the cryptocurrency breaks down, it could result in the asset setting a new bear market low. The asset has a lot further to fall than it did in November 2018, however, the situation is more dangerous now. The pandemic is picking up in severity, and the stock market is at risk of collapse. The cryptocurrency failing here would set a lower high, following a lower low on weekly timeframes. A lower high followed by a lower low is the pure definition of a downtrend. Bitcoin falling back into a deeper downtrend when the asset is expected to start a bull run could be disastrous for investors who may finally throw in the towel. Recently, a well-known investor asked what might it take to break holders if Black Thursday didn’t. If the Bollinger Bands squeeze Bitcoin to the downside, we may just find out.

All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/07/15/bitcoin-price-btcusd-bollinger-bands/

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Bollinger Bands Downtrends, Bollinger Band Contraction Could Send Bitcoin Flying 50% Or More.

Trading Listed Below Significant Resistance

The majority of online broker companies have built in record keeping functions. Hence far I’ve just hinted about where to position your stops and limitations. She didn’t know what had hit her.

Bollinger Band Contraction Could Send Bitcoin Flying 50% Or More, Watch more replays about Bollinger Bands Downtrends.

Forex Trading Indications – 4 Typical Signs That Will Make You Money

A trend that hugs one band signals that the trend is most likely and strong to continue. Stops can be placed at the other end of the BB. You make a cup of coffee, return and things have kipped down the opposite instructions.

It’s always fantastic to hear the number of people think trading without indicators is difficult. They have actually gotten so familiar with putting signs such as moving averages, MACD, Bollinger Bands, etc. on their charts, that they can’t see all the crucial information that they are obstructing with these indicators.

After you have determined the daily pattern, you must fall to your lower timeframe and see where rate remains in relation to the Bollinger Bands. You desire to see the price hit the Bollinger Band extremes on the opposite side of the daily pattern.

You require to comprehend this that large gamers like the huge banks, hedge funds and the institutional financiers trade in a completely various way as compared to us the small traders. As a little trader, we wish to go into and exit at one time since our order size is too small.

So how can automated forex robotics assist you achieve this dream? Here’s how. Forex software is made by the professionals. They have the knowledge and experience to know what to search for in the market. They have actually tested methods for years – sometimes as lots of as 10 years Bollinger Bands Trader before launching them to the public.

You a) check which stocks are highlighted for you; b) check for the presence of one particular indication; c) check to see if a highlighted stock with an indication is Bollinger Bands a definite trade on a personal website; and d) place the trade (with one call, or through your online trading platform).

OThe Stochastic reveals a drop after the RSI moved up and then another push towards the advantage. A turndown is anticipated in the short term. When the market moves as anticipated and the RSI trades with the stochastic crossing at the same time, New positions can be taken. The strategy is to wait it out given that we remain in the trade anyhow. The technique puts the stop at a close basis of 2.07.

It simply reveals that no one is trading at that time when tunnels are developed throughout the odd hours of currency trading! The majority of the traders are out and a breakout is not most likely to happen up until the traders go back to their charts. This is likewise known as the, Bollinger Band Squeeze. The Bollinger Bands spread even more apart and is an excellent indicator to prepare a trade. When a breakout takes place, a brand-new trend is started.

But you don’t need to acquire anything to download his $4,983 daily Mega Trend System and his Trading Report. If I desired to master Bollinger bands how would I set about it? The bands are 2 standard discrepancies away from the average.

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