Bollinger Bands are a technical analysis tool that uses two standard deviations away from a simple moving average to create an upper and lower band. These bands are used to measure the volatility of a security, and can be used to identify potential buying and selling opportunities.
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Break out of the triangle measured move from the previous impulse.
Bitcoin Holding for now lets see if its going break down
We where creating a huge ascending triangle, should be a new trend soon and see higher highs.
Where is it going, can the pump continue? over 700% in 60+ days.
The next 3 days we will see a resolve, in the triangle.
If we cross the 220 mean we will go lower if we bounce off it once more its more likely we test the upper band again.
Bitcoin still expanding, its bouncing off the 50 mean.
First touch, Second touch, Rejection at 50 weekly MA and then 3 rd touch and out of the park
Fist bottom, Second touch, rejected at weekly 50 then third touch then moon shot.
Bitcoin about to fall in to a big pit. if price closes below upper bb band we going to fall to at least the mean and prob lower.
Mean reversion in play will go to the 4hr mean and then follow that with hitting the 200 week MA at about 3800 ish.
Falling out of the bottom again? If we close below the bottom of the bb then we going to water fall abit.
Cup formed and handle coming in, before a push up maybe?
BTC looks like its heading to the top BB band. It looks like its most likely going down, but if the bulls want to push out of the top BB band then they could go for another expansion.
Another NVT Top has been called, Will we see an NVT bottom, or just move on up?