Bollinger Bands Bitcoin Price Action in Trending Bitcoin Trading Markets

Bollinger Bands cryptocurrency indicator is used to identify & analyze trending cryptocurrency markets. In a trending cryptocurrency market this cryptocurrency technical indicator clearly shows up or down direction.

Bollinger Bands indicator can be used to determine the direction of the Bitcoin trend. In an upward bitcoin trend Bollinger Bands cryptocurrency indicator will clearly show the direction of the bitcoin trend, it will be heading upwards and bitcoin price will be above middle Bollinger.

In a downwards bitcoin trend the bitcoin price will be below the middle band the bands will be heading downwards.

By observing the Bollinger bands cryptocurrency indicator patterns formed by Bollinger bands a trader can determine the direction in which the btcusd trading market is likely to move.

Bollinger Bands Bitcoin Indicator Patterns and Continuation Trading Signals

BTCUSD Upwards Trend

• During an upswing, the crypto candles will stay within the upper Bollinger band the central moving average.
• Bitcoin Prices that close above the upper band are a sign of bullish continuation bitcoin signal.
• Bitcoin Prices can hug/ride the upper band during an upward bitcoin trend

Upward Bitcoin Trend Strategy Using Bollinger Bands Strategy

Bitcoin Downward Trend

• During a down swing, the crypto candles will stay within the moving average and the lower band.
• Bitcoin Prices that close below the lower band are a sign of bearish continuation bitcoin signal.
• Bitcoin Prices can hug/ride the lower band during an downward bitcoin trend

Downward Crypto Trend Strategy Using Bollinger Bands Crypto Trading Strategy