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Master the core of BOLL Bollinger Bands trading in one article, with practical sharing from a 10 million-level expert!
To help brothers better understand, specifically added this diagram
Analysis of BOLL indicator application in the crypto circle
When the Bollinger Bands are opening, and the price is between the upper and middle bands, it is highly likely to move upward;
When the Bollinger Bands are opening, and the price is between the middle and lower bands, it is highly likely to move downward;
When the Bollinger Bands are narrowing, and the price is between the upper and middle bands, it is highly likely to move upward;
When the Bollinger Bands are narrowing, and the price is between the middle and lower bands, it is highly likely to move downward;
The price faces resistance and pulls back at the upper band, especially during narrowing;
The price is supported and rebounds at the lower band, especially during narrowing; #操作