Bollinger Bands

Technical Analysis

Hello everyone I would like to show everyone a couple tricks and ways to use TA or Technical Analysis to up there trading game. A lost of people think that TA doesn't work and it is all about the company and the community around it. Which is not wrong, but TA does work and might just give you that edge to make a little more money.

So first off Bollinger Bands is one of many tools to help you out with your TA. This is a great tool to help you to diced when to buy and when to sell, but it is not an 100% on 95% sure thing. Why not bet when you know it will work 95% of the time!

3 Parts of the bands

The TOP line as you can see above, this will be your sell point.
The MIDDLE line, which is the mean or average.
The BOTTOM line, this is your sell point.
Anytime you buy above the mean you are over paying and anytime you buy under the mean you are getting a deal.

How to use the Bands

Now that you know the basics, we can get down to the meat and potatoes. Ever chat has this mean line( middle line) that it follows in and upward and downward trend. If the candle sticks brake the bands on the top or bottom it will bounce back to the mean, know as a rubber band trade. This BTC chart shows the rubber band trade perfectly. Once brakes the bands there is a 95% chance that it will bounce back in between the bands. 95% Remember that!!!!

Try the Bollinger Bands out on any chart and buy low sell high. This is a great tool to use on any chart or any duration.
Stay smart, stay savvy and steem on everybody.

Comment, Upvote and Re-Steem. Steem on Everybody!!!!

If you have any comments feel free to ask!!!