BitcoinLong
🔥 Bitcoin Monthly Bollinger Bands RECORD: Huge Move Coming!
In this analysis we're going to take a look at the BBW (Bollinger Band Width) indicator, which is derived from the classical Bollinger Bands, but only measures the distance between them.
Bollinger bands expand during times of high volatility, and compress during times of low volatility. Periods of high volatility always follow periods of low volatility, and the other way around.
As of this month, the BBW indicator has made a new all-time low. I'm aware that the month has not ended yet, so things can change. Nevetheless, huge volatility came to the markets after the ~0.97 area had been tagged.
In all previous occasions, a bull-market started once the BBW indictor bottomed at the blue line.
Bollinger bands expand during times of high volatility, and compress during times of low volatility. Periods of high volatility always follow periods of low volatility, and the other way around.
As of this month, the BBW indicator has made a new all-time low. I'm aware that the month has not ended yet, so things can change. Nevetheless, huge volatility came to the markets after the ~0.97 area had been tagged.
In all previous occasions, a bull-market started once the BBW indictor bottomed at the blue line.
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