A friend from Guangdong (new hot money) is very good at speculating in cryptocurrencies. He said that when he was in a tight spot, he would eat Snickers in a canteen to fill his stomach! He didn't study the fundamentals, but just relied on a Bollinger Band indicator. He borrowed 2,000 yuan from Alipay and spent 5 years to achieve a small goal!

A friend from Guangdong (new hot money) is very good at speculating in cryptocurrencies. He said that when he was in a tight spot, he ate Snickers in a canteen to fill his stomach! He didn't study the fundamentals, but just relied on a Bollinger Band indicator. He borrowed 2,000 yuan from Alipay and spent 5 years to reach a small goal. Today, I will share his Bollinger Band usage with you so that you can learn from it.

The Bollinger Bands indicator has three lines: the upper, middle and lower lines. The middle line can be set to the 26 or 20 moving average, and the other two lines, the upper and lower lines, are actually the degree of deviation. The parameters can be set to 2 or 1. 2 is more reliable and 1 is more sensitive.

Bollinger Bands have different uses in volatile markets and trending markets. In a volatile market, you can buy low and sell high between the upper and lower bands of the Bollinger Bands; in a trending market, you can trade between the middle and upper bands. In addition, the arrangement relationship between the three Bollinger Bands can also be used to determine trends and opportunities.

There are 6 tips for specific usage. I made them into pictures with annotations and shared them below.

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