Statistically speaking, when the price shows two standard deviations in regards to the bollinger bands, it will spend less than 5% of it’s time there. When it gets 3 or more deviations, it will spend 1% or less of it’s time there. Note how BTC reacts when it deviates from the mean, tests the outside of the bands; and returns relatively quickly.
I believe this is what we will see once again here. Cheers
I believe this is what we will see once again here. Cheers
Commentaire:
And there we have it. The price has reverted to the mean within 19 hours. Let’s see how it reacts from here. Thanks for looking!
Transaction en cours:
Still holding this long. Worked like a charm.