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Bollinger Bands define high and low on a relative basis. By definition prices are high at the upper band and low at the lower band.
John Bollinger
10.3K posts
John Bollinger
@bbands
Technical Analyst, Inventor of Bollinger Bands
Main site: BollingerBands.com
BB Analytics: BollingerBands.us
Portfolio Management: BollingerCapital.com
Joined July 2009
- Now bullish on $BTCUSD, good risk/reward setup, first target the upper bband, progressive stop under today's low.
- Dear Crypto Twitter, Thank you for all your kind words and thoughts. It is simply not possible for me to respond to each of you personally, so please accept this mass missive as a validation of each of you who have been so kind. Best, bbands
- Of all the major crypto vehicles Ripple resisted the recent singing of the Siren's song best. Will it become the new leader? $XRPUSD
- Attention $btc HODLers. We are pulling into an important accumulation zone (logical place). If/when we find support you may want to consider adding to your bags here. If not, HODL on; another opportunity will present itself.
- I'm back!
- So, let's see, the CCP bans crypto in the most explicit terms and none of the majors fall to a new low: Do we know what to do? Oh yes we do. Is that a short-term BB W pattern? Oh yes it is. Are we looking for confirmation? Oh yes we are. #Crypto
- OK, it is now time to start looking for a tradable bottom in $BTCUSD and the other major cryptocurrens. I plan to keep an eye on the alts too.
