$FIL On the 4-hour chart, the Bollinger Bands narrowed and broke below the lower band (0.9781) about two days later.
Let’s use this data to talk about Bollinger Bands.
A squeeze is a relative concept: you need to compare the band width with that of the same coin over the past few months. Comparing band widths across different coins isn’t very meaningful.
Rather than predicting which way the price will break after a squeeze, many people prefer to wait for the price to choose a direction and then manage risk with a stop-loss.
All indicators describe price movements that have already happened; the market can move in the opposite direction at any time.
Let’s use this data to talk about Bollinger Bands.
A squeeze is a relative concept: you need to compare the band width with that of the same coin over the past few months. Comparing band widths across different coins isn’t very meaningful.
Rather than predicting which way the price will break after a squeeze, many people prefer to wait for the price to choose a direction and then manage risk with a stop-loss.
All indicators describe price movements that have already happened; the market can move in the opposite direction at any time.