OrriginalCrypto on Nostr: So, Whats BULLISH for #Bitcoin right now ? So many things. We can go into the ON ...
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 ?
Published at
2024-09-02 16:00:05Event JSON
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"content": "So, Whats BULLISH for #Bitcoin right now ?\nSo 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.\n 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.\nThe orange Dots are the BASIS or Average.\nSee the Lower line, where the arrows are ? See how PA moved higher when PA was on that lower line for any length of time ?\nWe have been sat on that line for a while now and the Odds are for a move higher.\nBut 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.\nIf you use Leverge...STUPID..You have not learnt your lesson yet have you ? \nhttps://m.primal.net/KajE.png ",
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