Are there any successful cryptocurrency traders who rely on Bollinger Bands as a key indicator?

1 answers

• Dec 16, 2021 · 3 years ago
  Yes, there are successful cryptocurrency traders who rely on Bollinger Bands as a key indicator. For example, at BYDFi, we have traders who use Bollinger Bands to identify potential price breakouts and reversals. Bollinger Bands provide valuable insights into market volatility and can help traders make more informed decisions. However, it's important to note that trading success depends on various factors, including risk management, market analysis, and experience. Bollinger Bands should be used in conjunction with other indicators and strategies to maximize trading profitability.
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