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RE: The chart I’m watching is BTS

in #bitshares6 years ago

Hello @cryptographic,

The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. According to John Bollinger, periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline. Once the squeeze play is on, a subsequent band break signal sthe start of a new move. A new advance starts with a squeeze and subsequent break above the upper band. A new decline starts with a squeeze and subsequent break below the lower band.
Source

Therefore, my conclusion is this is the end of the downtrend & uptrend will initiate soon.
Extraordinary good discussion you initiated.

~@mywhale

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Exactly!

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