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BTC : 12hr Bollinger Bands WidthHere we take a look at the 12hr Bollinger Bands Width compared to price action as a way of understanding volatility. Indicator arguments are as follows: Length = 20 Source = Close StdDev = 2 Included with the Durbtrade Bollinger Bands Width indicator is a zero line (white), and an Exponential Moving Average with a length of 50 and an offset of 0 (blue line). The dotted pink horizontal line is the most recent 12hr BB Width closing value extended backwards for comparison. The 12hr timeframe allows us to look at all BB Width values since the March 2020 drop. Above the BB Width is BTC price using standard candles, and on the right is BTC price expressed as heikin-ashi candles. Let's take a look: Right from the start, we can see how substantial and quick the March 2020 drop was, with the BB Width reaching a peak of 0.902 : Other high peaks include - the Jan 2021 peak at 0.499 : the May 2021 drop at 0.469 : and the July 2021 launch into August at 0.406 : Now, let's take a closer look at the most recent 12hr BB Width close value of 0.087 : Let's also look at when the BB Width has dropped below this level: ... as well as the BTC price during these moments : ... and finally, let's compare them to eachother : Conclusion : I expect there to be a significant spike of the Bollinger Bands Width in the near future. I expect increased volatility, with a massive price swing. As for price direction during the spike... I'll leave that expectation up to you. Thankyou, goodluck, and happy trading! // Durbtrade *Related Script :
BITSTAMP:BTCUSD
by Durbtrade
4
EGLDUSDT Volatility Expansion Starts!Hello trader, EGLD just broke out from its ATH at 30 USDT and rising. I want to test and see the "volatility expansion &price increase" correlation idea on this one. As you can see I have my bollinger band width indicator and stoch rsi on at the bottom. BBW is currently sitting around 0.41 and previous peak was around 1.28. Volatility has at least 3x room to grow. On top of that, stoch rsi is at fantastic neutral levels in the daily TF and rising, altough intra-day TF looks a bit overbought, i am not so sure about fixating on those since i am a trend follower. If you are using intraday TF in your trading, consider this overbought situation in your trading setups. Potential resistance levels wise, i see around 35 USDT level is the first major resistance coming from fib-retracement of 1.618. So keep an eye on that one for some TP targets.
Long
by Shanks21
Time to Buy or Sell the digital assets?The BTC/USDC pair has been trading in a narrow range located between the levels of 11,800 - 11,900 and continues to move within the growth and upward channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines as shown by Bollinger Bands Width (BBW) , which indicates pressure from the buyers of the asset and the potential continued growth of the asset’s quoted prices. This market behavior might indicate a distribution phase close to this year's highs, so it is worth keeping an eye on the level of 11,900. Any violation of this level might lead to a corrective cycle development towards the next technical support seen at the level of 11,600. However, if the bulls will decide to continue buying, the yearly high located at the level of 12,000 is possible to reach very quickly. The next target for bulls is seen at the level of 12,500. The daily time frame chart remains bullish. The trend on the BTC/USDC pair remains up and there are no signs of a trend reversal, so buy orders are preferred in the mid-term. The next mid-term target for bulls can move above 12,500. The key breakdown of technical support is seen at the level of 11,000.
Short
by LATOKEN
2