Which cryptocurrencies have shown a strong correlation with the Bollinger Bands indicator developed by John Bollinger?

3 answers

• Mar 16, 2022 · 3 years ago
  Certainly! Several cryptocurrencies have shown a strong correlation with the Bollinger Bands indicator. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are among the most notable ones. These cryptocurrencies often exhibit price movements that align closely with the upper and lower Bollinger Bands. Traders and investors often use this correlation to identify potential buying or selling opportunities.
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• Mar 16, 2022 · 3 years ago
  Yes, there are several cryptocurrencies that have a significant correlation with the Bollinger Bands indicator. Some of the other notable ones include Litecoin (LTC), Bitcoin Cash (BCH), and Cardano (ADA). These cryptocurrencies tend to follow the Bollinger Bands patterns quite closely, making them interesting assets to analyze for trading strategies.
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• Mar 16, 2022 · 3 years ago
  According to our analysis at BYDFi, Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) have shown a strong correlation with the Bollinger Bands indicator. These cryptocurrencies often exhibit price movements that align closely with the upper and lower Bollinger Bands. Traders and investors can use this information to make informed decisions based on the Bollinger Bands patterns.
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