Bitcoin Analysis: Week of Dec 14 (Bollinger Bands)
Note from the Author: After spending time with the Australian, New Zealand and San Francisco Crypto-Currency communities, it’s time to get back analyzing. Please see (@Tone_LLT) for more timely updates throughout next week. About a week and half ago we concluded with the following: It is nice to see Bitcoin stable for a short stretch of time, even if it is at these low year over year levels. We are tentatively bullish across all time frames and hope to see US$400 broken in the near futures as it rallies to US$450 and perhaps even US$500 into year end. “Governments, all governments, will....
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Bitcoin price is current trading at just below $30,000 after spending weeks building up pressure in a tight trading range. The lack of volatility has resulted in a technical signal that says explosive volatility is ahead, and has just begun. Even the tool’s creator has spoken up on the volatility to come. Bollinger Bands Expand After The Second-Tightest Ever The Bollinger Bands in Bitcoin are a volatility measuring tool. Because BTC is so volatile, it makes for a wild rollercoaster ride of a technical indicator. At cycle peaks when BTC is the strongest, the bottom Bollinger Band....
An absolute calm has engulfed Dogecoin as the price remains trapped in a tight range of 50.8-51.9 satoshis. The market is severely testing the patience of the short-term traders, who now fear that a surprise breakout could trigger huge losses. The market may be waiting for a trigger to break free but until that happens, it would only be wise to trade the range with minimum quantities. Dogecoin price chart, Dogecoin analysis. Nothing much has changed in the past 24 hours in terms of price (the current value of each Dogecoin is 51.1 satoshis) but the chart structure has definitely....
Since the Bitcoin price reached a new yearly high of $31,840 last week, only to invalidate the bullish breakout within a few hours and fall towards $30,000, there has been a strange tranquility in the market. Already since June 23, BTC has been in the trading range between $29,800 and $31,300, with every breakout attempt to the upside and downside having failed within a very short period of time. However, one of the most prominent technical indicators, the Bollinger Bands, predict that this calm may soon be over. Created by the esteemed trader John Bollinger, these bands provide invaluable....
Current BTC price action is no surprise given recent support and resistance focuses, says Bollinger bands creator John Bollinger. Bitcoin may have lost 35% since its all-time highs of $64,500, but its current price is actually “logical.”That’s according to veteran analyst John Bollinger, creator of the Bollinger bands trading indicator. Bollinger: Current price action "can tell a lot"In a tweet on May 18, Bollinger, who is well known as a source of Bitcoin (BTC) analysis despite decades in the market, called for calm following fresh volatility.“~43,000 is what we call a logical level for....
In this episode of NewsBTC’s daily technical analysis videos, we use the Fisher Transform and other tools to see how close Bitcoin is to putting an end to crypto winter. Take a look at the video below: VIDEO: Bitcoin Price (BTCUSD): October 24, 2022 Crypto Winter Bitcoin continues to be boring, but the theme of this video is all about what happens when the notoriously volatile cryptocurrency gets dull. All downside and no rallies makes Bitcoin a dull boy. Related Reading: Bitcoin Dominance To Regain Control Over Crypto? | BTC.D Analysis October 20, 2022 “Here’s....