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RE: Bitcoin (BTC) Evening Update: Mean Reversion
Exactly. Bollinger only predicts a retrace to the current (ever updated) mean nothing more and it is not certain under such conditions. it works like charm in "calm" markets and sideways movements. But seeing that all the green candles are hammered down like crazy, no reason to expect a serious bounce and trend reversal till the next major support line!
Lest hope it bounces from 5.6 k range or more sent the slaughterhouse by haejin!!!!