So, Whats BULLISH for #Bitcoin right now ?

So many things. We can go into the ON CHAIN side and see Sell side pressure has rediced, Profit / Loss stats are leveling out and so on but lets go Traditional and easy.

Bollinger Bands are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price. Bollinger Bands use 2 parameters, Period and Standard Deviations, StdDev.

The orange Dots are the BASIS or Average.

See the Lower line, where the arrows are ? See how PA moved higher when PA was on that lower line for any length of time ?

We have been sat on that line for a while now and the Odds are for a move higher.

But there is no promise of that, so, be cautious but I think we may well see a Dip lower ( maybe) and then a Shoot higher.

If you use Leverge...STUPID..You have not learnt your lesson yet have you ?

Reply to this note

Please Login to reply.

Discussion

No replies yet.