BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Feb 17
Comment: Use your traditional Bollinger Band Analysis like BB (20,close,2). The above chart has been edited to reflect my visual analysis - I use Bollinger Bands in a different way to the norm. I use Bollinger Bands BB (20,close,3) then mark with arrows where prices first touch Bollinger Bands forcing them up or down. I'll also mark where price drops below the MA after an arrow. I'll then study all the arrows, look for wave patterns. I also like to use the Bollinger Bands for drawing trend lines well away from where everybody else is so that when there is a price break it's more meaningful. I've published three charts using 2hr and 4hr. Did one over again because one of the trend lines wasn't done proper first time. Enjoy!!!
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