#BOLLINGER
If we use Bollinger Bands in Technical Analysis, let's not get lost in the colors and lengths of the candles. Let's not strain our eyes to see if the band is narrowing or widening. First, let's look at the direction of the BB middle band (pink curve).
(🔹) It would be good to put an hourly chart to prevent misunderstandings. Because there is an effort to form a bottom in hourly charts. Moving averages improve and worsen from small to large. However, while the big one is down, the small one is mostly limited to reaction.
(🔹) Why was the 8-hour chart preferred? The trading times of stock markets and crypto markets are different from each other. Coins complete the distance that stocks cover in 3 days in 1 day. 8x3=24 or 24/3=8