✳️ Bollinger Bands Explained - BB

Why you should know how to use them

Bollinger Bands indicator is one of the most popular technical indicators for traders in any financial market

Bollinger Bands are a highly popular technical analysis technique which is developed by famous technical trader John Bollinger. He developed the technique of using a moving average with two trading bands above and below it.
Bollinger Bands are among the most reliable trading indicators that traders can choose from. In contrast to most other indicators, Bollinger Bands indicator is a non-static, but dynamic indicator which means that it adapts to new market conditions, changing its shape based on recent price action and measuring momentum and volatility. Thus, Bollinger Bands have benefits over other standard indicators.
Traders can use the Bollinger Bands to analyze the strength of trends and get a lot of important information this way.

So, what is Bollinger Bands indicator ?

The Bollinger Bands indicator displays the current market volatility changes, confirms the direction, warns of a possible continuation or break-out of the trend, periods of consolidation, increasing volatility for break-outs as well as pinpoints local highs and lows.

👉 How to Use:

The indicator consists of the three moving averages:

*️⃣Upper band - 20-day simple moving average (SMA) plus double standard price deviation.
*️⃣Middle band - 20-day SMA.
*️⃣Lower band - 20-day SMA minus double standard price deviation.

The increasing distance between the upper and the lower bands while volatility is growing, suggests of a price developing in a trend which direction correlates with the direction of the Middle line. In contrast to the above, at times of decreasing volatility when the bands are closing in, we should be expecting the price to move sidewards in a range.
The price moving outside the Bands may indicate either the trend’s continuation (when the bands are floating apart as the volatility increases) or the U-turn of the trend if the initial movement is exhausted. Either way each of the scenarios must be confirmed by other indicators such as RSI, ADX or MACD.
Anyhow the price crossing of the Middle line from below or above may be interpreted as a signal to buy or to sell respectively.

👉 Strategy:

Bollinger Bands trading strategy aims to profit from oversold or overbought conditions on the market. Prices are considered overextended on the upside when they touch the upper band (overbought). They are overextended on the downside, when they touch the lower band (oversold). This strategy is used as an immediate signal to buy or sell the security. The usage of upper and lower bands as price targets is referred to as the simplest way of using Bollinger Bands strategy. If prices cross below the average, the lower band becomes the lower price target. If the prices cross above the same average, the upper band identifies the upper price target.

In a Bollinger Band trading system an uptrend is shown by prices fluctuating between upper and middle bands. In such cases if prices cross below the middle band, this warns of a trend reversal to the downside indicating a sell signal.
In a downtrend, prices fluctuate between middle and lower bands, and the price crossing above the middle band warns of a trend reversal to the upside, indicating a buy signal.

About 15% up from the call. Never cared less to an alt because our king BTC is making us enough money to pay for our hookers and weed

LUN has already started its way up and did great gains in the past two hours or so after calling it. I speculate a huge move is round the corner. Hold on tight. It's gonna be a wild roller coaster ride.

Called it yesterday at around 48,420 satoshi and now it's trading just above 52,560 satoshi.
The dollar value also shot up
I called it at $1.76
Now it trades and $1.878

To give such calls you do need to get to the insiders. Drop me some love for the fantastic run we have had to maintain the 100% success rate and over 95% accuracy.
@cryptopotatoes

Some cool analytics on the top 100 tokens.
It's worth the time you take to read this. A sharp rise in tokens and all the FOMO has been well captured in this article.

https://wulfkaal.com/2019/01/11/top-100-token-models-compared/

#VET - Is trying to break out. Once it gets over the blue brick we might see a nice run up which could potentially give over 50% on this trade.
The RSI has been on a rising trend following the charts which prove to be hammering a strong diagonal support.
https://www.tradingview.com/x/p8N8bLiR/

Oh my gosh we did it again. I knew manipulation was round the corner and we did see the flash dump to $3430 and quick reversal. Another fabulous trade to keep our slate clean. Just start locking in profits and continue holding the position. We have a long way to go on this. Down to $3358 and lower into the $32XX levels.

📨 Hashed News Update

📃 Wyoming legislators introduced a bill, which, if passed, would classify digital assets as property within existing laws.
via Forbes

📈 The volume of on-chain transactions on the Ethereum network reached an all-time high in December 2018.
via Cointelegraph

💵 Japanese financial services provider SBI Group has invested $15 million in a Swiss startup that makes a one-of-its-kind cryptocurrency hardware wallet.
via CoinDesk

🔄 HBUS, the partner exchange of Singapore-based Huobi Group, underwent rebranding in an attempt to grow its U.S. clientele.
via The Block

🗣 Cryptocurrencies fail fundamental tests of financial services, according to a senior adviser to the governor of Bank of England.
via Bloomberg

Absolutely Mashed Baby!
@hashedplutus

Just around the major resistance level at 129 satoshi and as mentioned earlier we break that we can have a smooth ride upwards. Watch out for the trade. If you are the conservative kinda trader then push stops to entry

Lunyr has outperformed my expectations.
Never expected a 100% in such a small timeframe. Right now it trades over $3.25
Fuck yeah. That's what we call a gem. No second thoughts on calling it the coin of the month. It has broken out through all the resistance. It's flying like its high on weed.
Nothing's gonna stop this one. I see it still cross $5 in a very short frame.
It's climbing up at the rate of 20% per day. What better could you ask for?

You still doubt my legitimacy? Even after all these moon shots? Then you probably need to leave my fucking channel because this is for my warriors. My loyal members who have been saving up and anxiously waiting for the most worth premium on telegram.
Because everything that's on this page is

Absolutely Mashed Baby!

Bang on. This has been a fantastic week so far

LUN $3.256 | 0.00090760฿
1h: 6.73% 🍻
24h: 43.13% 💰
Vol: $14,423,202

Haha two months. We did that in three days. Everybody wants a share of the credit for the call. Who the fuck holds something for two months because the used it as an example? @cryptoalfred mate you gotta up your game because here at Hashed Plutus we have been mashing all the records.

I locked out all my gains on Lunyr at $3.25. It was a hell of a ride and needs to refuel so I sold all my LUN and plan to re enter later. I'll update you'll when you have to re enter.
Cheers on the amazing gains

AdEx is tempting

While we let Lunyr cool down from the 2X we pulled off in the last couple of days, I decided that we go around and check for more alts with that potential and stumbled on ADX.
AdEx has had a terrible cool down. Having an all time high around $3.27 this coin is currently trading at 11 cents. That has been a terrifying drop.

About the project
AdEx (ADX) stands for “advertising exchange.” AdEx Coin is a blockchain-based marketplace for ads that aims to change the existing online advertising landscape and solve its major problems: ad fraud, privacy and consent to receive sponsored messages, etc. AdEx is fully transparent and built on the Ethereum Smart Contracts.

AdEx has also expressed an interest in implementing a real-time bidding solution that could take place off-chain or on a high throughput network, like IOTA. AdEx raised $10 million in the first three hours of token sale.

AdEx as a platform has room for a good amount of growth since digital advertising is a booming business anyway. But by eliminating flaws and continuing updates on its current platform, AdEx aims to stand firm in the near future.

News
Going by the roadmap 31 January is the deadline for AdEx V2 update that focuses on scalabilty. This could potentially draw a lot of attention from groups that are in for technology and whales that might wanna swing in cash.

Recommend buying under $0.11.
I expect this to do a 2x in the coming days. Hold on to it tight

A nice retrace which is dropping towards good levels for entry. If you are a conservative trader you can wait a bit longer before you enter but I recommend laddering from the current ranges.

Position update
Ethereum long is open and in good profit. Target is around $130.

VeChain is doing great and I would recommend you to continue holding the profit and pushing stops to entry level.

AdEx is great for a holder. Keep this one on the watchlist. You can enter this on dips. Right now just watch.

And we finished this trade with an amazing profit. Yet I tell you that I have a strong feeling this will do something like $LUN. I recommend you guys hold this one.

Lunyr followed a similar trend and now it's $GVT that excites me for the run. I'm anticipating a great shoot in price because of the minimal supply of 4 million coins.

Apart from the fundamentals this coin has been in the rumours of being listed on an exchange soon. If all goes well we can do a ride on this one.

Absolutely Mashed Baby!