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What are BBands, why are they loved so much by crypto traders and what are their highest probability patterns on the crypto markets.

Key Points

  1. What it is: technical
  2. Tools that do it: #bitfinex #tradingview 
Tradingview never trade alone

BBands is the abbreviation for Bollinger Bands™, a popular technical indicator. BBands are available in TradingView basic charting library, with many advanced scripts and BBand strategies added into the script library by users.

Get your FREE TradingView account here to access the charting app.

Best Markets for BBands

Bollinger bands are often used on forex markets, aside from crypto markets. They work well on markets that trade in pairs, such as currencies.

The reason for this fit is the fact that bbands are in fact a moving average with two standard deviations on either side.

Which means the information bbands are giving you when the price action ventures out of them is basically: “this ratio shot up a bit more then usuall - it might shoot back some time soon, but then it also might not”.

And so, now you can hopefully stop treating John Bollinger like a demi-god.

High-probability chart patterns with Bollinger bands

  • Double bottom, taken relatively to the bottom bband (price is about the same distance from the bottom band at both lows, in actual value terms it can be different)
  • Higher low, taken relatively to the bottom bband (price is lower on the second low, but is closer to the middle band than on the first low)
  • BBand squeeze (the bandwidth strategy: the distance between the top and the bottom Bollinger band is decreasing, which means volatility is low, which means at some point the volatility might get high again - duh)
  • Three pushes to a high (a topping pattern that relies on traders to be greedy in a market that is not as strong as it has been for a while until then - this buying-up results in a triple top where the consecutive tops get droopy, volume lowers and price wanders longer distance from the top Bollinger band)

Want to *really* learn crypto charting & technical analysis?

Hate to break it to you, but there's no trading school, no neatly structured course and no simple how to.
Read our articles to get familiar with the tools, but try everything hands on. Trading will press your emotions, you can only really learn it as you go.

All the good crypto charting tools and platforms are accessible for FREE in either TradingView app or at Bitfinex. Just start!

Get TradingView Signup at Bitfinex


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