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TagsWhat is the definition of double Bollinger Bands in the context of cryptocurrency trading?
Done's grungeDec 16, 2021 · 3 years ago1 answersCan you explain what double Bollinger Bands are and how they are used in cryptocurrency trading?
1 answers
- Double Bollinger Bands, also known as DBBs, are a popular technical analysis tool used by traders to assess market volatility and potential trend reversals. The concept behind DBBs is to provide a visual representation of price volatility by plotting two sets of Bollinger Bands on a price chart. The inner band is typically based on a shorter period moving average, while the outer band is based on a longer period moving average. The distance between the two bands widens when volatility increases and narrows when volatility decreases. Traders can use DBBs to identify periods of high volatility and potential trend reversals, allowing them to make more informed trading decisions.Dec 16, 2021 · 3 years ago
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