Hey Buddy, how loaded is your crypto trading toolbox?

By tool I mean, Technical indicators you know how to use. The more you have, the more options and strategies of entering and exiting the market.

In this article I will be reminding you what Bollinger Band is and how to enter or trade crypto market using Bollinger band strategies.


What is Bollinger Bands?

Bollinger Band is an indicator developed by John Bollinger. And it is majorly used to measure the market’s VOLATILITY and identify overbought and oversold conditions.

Usually represented by BOL or BB.

Bollinger Band tells you two things. Viz;

When the market is QUIET and LOUD.
What happens in these conditions?
✓ Quiet, the bands contract.
✓ Loud, the bands expand

Features of Bollinger Bands
• Upper band: Acts as Resistance level
• Middle line: Serves as support and resistance
• Lower band: Serves as support level

How do i buy and sell cryptocurrencies using Bollinger Bands?

CONTINUE READING HERE >>>

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