Bolinger Bands

Trading tutorial for today. What is bollinger bands and how it will help my trades?

Bolinger Bands are prominent volatility indicators commonly used by traders as an analysis tool to maximize profits and manage risks.

Bollinger Bands consist of two simple moving averages with 2 standard deviations called the upper band and a lower band.

During a consolidation, these bands are effective tools to define the support or resistance levels in the market in a graphical manner. This can be an important aid for beginners who are learning what Technical Traders call Spatial Pattern Recognition Skills. By integrating Bollinger Bands with other indicators, investors and traders can be able to read charts faster with more reliable results. ([email protected])

When used with other tools, the bolinger bands could give traders good signals for market entry and exit.

Steem Dollars Chart

Below is a screen grab of Steem Dollar Chart at Polo with a layer of bollinger bands. Red marks represents instances of good exits and the Black marks represents good entry points.Its safe to say SBD is looking good. Happy trading guys

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Note: This is my personal analysis based from my trade experience and I won’t be responsible for any loss or gains you get from this analysis. Thanks