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Here's a comprehensive guide on how to use the three lines of Bollinger Bands (upper, middle, lower) to analyze market trends, identify buy and sell opportunities, and avoid pitfalls while managing risk. The content can be divided into the following sections:
Understand the “Basic Usage” of Bollinger Bands: Developed by John Bollinger in 1983, it revolves around three lines — the middle band is the 20-day moving average, the upper band is the middle band plus 2 times the standard deviation, and the lower band is the middle band minus 2 times the standard deviation. The channel formed by these
Understand the “Basic Usage” of Bollinger Bands: Developed by John Bollinger in 1983, it revolves around three lines — the middle band is the 20-day moving average, the upper band is the middle band plus 2 times the standard deviation, and the lower band is the middle band minus 2 times the standard deviation. The channel formed by these
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