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My One Year Crypto Journey
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Time to wait and see the market 🧘 #MarketMoves
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Bollinger Bands??? ------------------- These are a technical analysis tool used to measure market volatility and identify potential price trends. They consist of three lines: 1. Middle Band: A simple moving average (SMA) of the asset's price. 2. Upper Band: The middle band plus a multiple (typically 2) of the standard deviation. 3. Lower Band: The middle band minus the same multiple of the standard deviation. 💵 Key Uses: 🟠Overbought/Oversold Levels: Prices near the upper band may indicate overbought conditions, while those near the lower band may indicate oversold conditions. 🟠Volatility Measure: Bands expand during high volatility and contract during low volatility. 🟠Trend Identification: Price consistently breaking above or below the bands may signal a strong trend. #Bollingerbands #LearnTogether
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#lessonlearned Stick to your plan; Don't let the market trend you down. Control your emotion and wait.
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Eligible for Binance Points 🧘 5 Wins #wordoftheday
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