The Great Martis
The Great Martis
BTC-2.01%
**BITCOIN**✨ Update. Bitcoin moved 16% outside the lower Bollinger Band, which was the signal that a bounce or short-term bottom was forming. What usually follows such a dramatic sell-off is a backtest of the lower Bollinger Band (which also coincides with the breached major trendline) before the downtrend resumes. This process typically takes weeks to complete.
Gallery 1
The Great Martis
The Great Martis
Bitcoin Bollinger Bands When the price moves outside the Bollinger Bands by more than 10%, there is almost always a 99% chance of a snapback the next week. Keep this in mind.
Gallery 1
Sourced fromtwitter
36.42K
321
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.