The Creator Of Bollinger Band Gives A Warning About The Upcoming Bitcoin Volatility
John Bollinger is the father of the popular technical indicator of the same name. Recently, after a long time of less sharing about Bitcoin (BTC), John gave his opinion.
If you don’t know, the phenomenon of “bottleneck” is when the price fluctuates in a narrow to a very narrow range. That causes the average of the 3 Bollinger Bands to shrink. And this phenomenon always predicts a move with a large amplitude, but not in any direction.
John thinks the price action is creating an unusually small “bottleneck”. The bottleneck amplitude is illustrated by the blue line shown below.
The anomaly that John mentioned is in the narrowest range of bottlenecks so far this year (1D frame). As such, this indicator implicitly warns of impending huge upheaval.
When asked by a follower about the upcoming price trend, John replied that:
While it doesn’t make any positive or negative affirmations, the warning needs to be careful to leave the listener with a negative feeling about what’s to come.
Bitcoin price history shows that a 3D frame bottleneck has always acted as a transition between major swings. Currently, all three lines Middle, Upper, and Lower Band are almost parallel.
The range of this new bottleneck is between $19,000 – $25,000. Out of this range, BTC price will be “opened” with a very strong impulse.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
CoinCu News
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Bitcoin
The Creator Of Bollinger Band Gives A Warning About The Upcoming Bitcoin Volatility
John Bollinger is the father of the popular technical indicator of the same name. Recently, after a long time of less sharing about Bitcoin (BTC), John gave his opinion.
If you don’t know, the phenomenon of “bottleneck” is when the price fluctuates in a narrow to a very narrow range. That causes the average of the 3 Bollinger Bands to shrink. And this phenomenon always predicts a move with a large amplitude, but not in any direction.
John thinks the price action is creating an unusually small “bottleneck”. The bottleneck amplitude is illustrated by the blue line shown below.
The anomaly that John mentioned is in the narrowest range of bottlenecks so far this year (1D frame). As such, this indicator implicitly warns of impending huge upheaval.
When asked by a follower about the upcoming price trend, John replied that:
While it doesn’t make any positive or negative affirmations, the warning needs to be careful to leave the listener with a negative feeling about what’s to come.
Bitcoin price history shows that a 3D frame bottleneck has always acted as a transition between major swings. Currently, all three lines Middle, Upper, and Lower Band are almost parallel.
The range of this new bottleneck is between $19,000 – $25,000. Out of this range, BTC price will be “opened” with a very strong impulse.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
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