BTC-XLM

Bollinger Bands are close together

Long
BTC-XLM Updated   
INDEX:BTCUSD   Bitcoin

There are other reasons (volume, Fibonacci Extension, patterns, Waves Personality, ...) which I won't go into now.


According to John Bollinger:

Periods of low volatility (When Bollinger Bands are close together) are often followed by periods of high volatility.




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