A hot money tycoon in Zhejiang used this trick to make 10 million from 100,000 in half a year, which made Lao Jiu admire him! If you plan to support your family by speculating in cryptocurrencies, or want to make a big splash in the crypto circle for a long time, you must learn how to use the Bollinger Channel.

The Bollinger Channel indicator is also called the Bollinger Bands. Its full English name is "Bolinger Bands". The Bollinger Channel was invented by John Bollinger, a famous American financial analyst in the 1970s. It is one of the commonly used technical indicators in the financial market.

Next, I will share the key points of the Bollinger Channel:

1. The Bollinger Channel is also called the Bollinger Band. It is a path indicator. The currency price fluctuates in the upper, middle and lower track range. Its width is automatically adjusted with the change of the currency price. It has the nature of a channel and overcomes the weakness that the channel width cannot change.

2. The channel consists of three lines. It is very effective and convenient in practice. Once mastered, the signal is accurate. It is one of the most commonly used technical indicators in the international financial market.

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