This year's market pattern is basically this setup. Want to see bigger fluctuations? You'll have to wait until next year. Carefully observe the daily chart; the price has been making pin bars, and the Bollinger Bands are gradually narrowing — this is a signal that the market is slowly building a triangle consolidation zone.



How the market moves ultimately depends on the news. Both positive and negative news have passed, and now it's all over. At this stage, there is a lack of obvious fundamental support; relying solely on news can't push the market. So what to do? It's actually simple — just focus on key support and resistance levels. These two price points are your trading basis. Find these levels, and act when it's time to.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
LiquidationWatchervip
· 3h ago
I've heard the term "Bollinger Bands narrowing" many times, but it's still more reliable to look at the news rather than just the technicals.
View OriginalReply0
MetaverseVagabondvip
· 3h ago
The idea of Bollinger Bands narrowing has been heard too many times. Every time, they say to wait for news, but when the news comes, it still drops.
View OriginalReply0
TrustMeBrovip
· 3h ago
Sigh, it's another year to wait. How many years have I been waiting for this year?
View OriginalReply0
MoonlightGamervip
· 4h ago
Next year? I don't think so. As long as we can hit those two key positions now, that would be enough.
View OriginalReply0
NFT_Therapyvip
· 4h ago
I've heard about Bollinger Bands narrowing so many times, every time it's said to be a consolidation, but then a single piece of news causes a explosion.
View OriginalReply0
LiquidityNinjavip
· 4h ago
Wait, does the Bollinger Bands narrowing mean waiting until next year? I don't quite buy that logic.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)