Investors BitcoinWhile waiting for the rise to start by ending the decline tendency in ‘ John Bollinger, the creator of Bollinger BandsBTC said that there is a bottom formation.
At this point, John Bollinger said Bitcoin Bollinger bands are trying to create a double -foot formation, but this is not yet confirmed.
Following the harsh decreases, John Bollinger said Bitcoin might have been creating a classic “W” football.
The %B indicator measures the closing price of an asset according to its position in the Bollinger bands. This means that Bitcoin is the bottom of the Bollinger bands.
“According to Bollinger bands, a classic W bottom is formed in the Bitcoin/USD trading pair. However, there is still a need for approval. Because both weekly and daily time periods, Bollinger bands show that no trend change has not yet been realized.”
According to Bollinger, the approval is still necessary, but a potential price can be a signal of recovery. The “W” bottoms are formed by the fact that prices reach a higher bottom level and touch the lower band.
Experienced analyst Timothy Peterson also shared Bitcoin expectations, estimated that Bitcoin could only rise after the stocks found their own base.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoinde-nihayet-bir-dip-olustu-mu-bollinger-bantlarinin-mucidi-acikladi/
