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I am using Bollinger Bands in my trades, but I have only used it for a couple of days,
so I can't say that using it is very effective, so my question is, bollinger bands only use
is providing support and resistance? or is there other ways I can use bollinger bands in my trades?

I don't use this indicator, but from what I can tell, clever traders use Bollinger bands usually when the market doesn't have a clear trend and the price goes sideways. Whatever you use it for, don't use it alone - it can deliver fake signals, so use it in combination with other indicators. For traders that use Bollinger bands a good person to follow is John Bollinger (@bbands) on twitter (https://twitter.com/bbands).

That's a good advice. Always combine multiple technical analysis techniques. I like cointelegraph technical analysis, he always shows interesting ideas.

Traders can make good money in crypto, because of its high volatility.

Why not swing by our Discord; Voodoo crypto, and learn about the Depth chart day trading?  We've got some good traders in there that are making pretty good profits!
Voodoo Crypto Depth Chart trading (https://discord.gg/xJmChfj)

You can check out this thread for some good conversation about this group as well!

https://bitcointalk.org/index.php?topic=5026969.0 (https://bitcointalk.org/index.php?topic=5026969.0)

Bollinger bands are a measure of volatility and the movement of moving averages. While this is mostly useful to offer buy/sell signals and showing resistance/support levels it's not entirely what it's designed for. They can be used in conjuction with other TA to signal buy or sell opportunities.

Bollinger band is good, giving support and resistance, also showing when market price is at it highest and lowest but it is a lagging kind of technical indicators. It follows behind the market, a combination of bollinger and some other indicators plus the reading of candles will be helpful.

The upper and lower bands are deviation-based support and resistance. The middle band (on default settings) is the 20-period moving average. After bouncing off support or resistance a couple times, price often returns there.

The main way I use Bollinger Bands is as a volatility indicator. When bands are very tight, price is coiling for a breakout. We call it a "squeeze." During those times, breaking and holding above or below the bands is a sign of a breakout. Some people just use BB width as an indicator for squeezing, and they don't bother with the actual bands.

I think if we use only bollinger bands it can't no be effective usually I always with another indicator like MACD and RSI. Yes we can use to make support and resistance lines but if i always use the bottom and top lines of BB to entry or out market or to see if market breakdown or not.

in my opinion, using bollinger is also very effective in trading, because it can also make way for more profits.

Bolinger Band is one of the indicator that use to know support and resistance level  and this indicator will work better when the market on sideaway but in bull or bear market will be not work well. So is better to use Bolinger Band is side away and use others indicator like MA and trenline when the market on trending.

Really depends on the system you use. It can be effective in some system and also in some trades but there's no single indicator that's effective for all. So you should always weigh and test your system. Remember to start as simple as possible.

It is also good for a sign of entry and exit in bollinger band indicator. Don't you wanna try some indicators like awesome oscillator, rvgi or simply vma? Sometimes, bollinger bands are misleading but i can tell that using it along when trading some altcoins with this indicator is still useful and profitable.

Squeeze is a very effective sign of breakout

Use it along with other indicators like rsi, rvgi, macd, volumes for confirmations and look for trend lines

BB shouldn't be relied on itself same with other indicators

Treat them as one of your signals and always look for confirmations

In my opinion price pattern and candlestick pattern is more accurate than bolinger band,  in bull market  bolinger band will be not really usefull because the price possible going up to 7 -10 times just in amonth. Bolinger band can be more usefull for day trading but for swing trading is better use others indicator like MA and RSI. 

I use B.B. for scalping, the only effective information it gives to me is if I am buying too high or if I am selling too low.

Works like this:

If you want to buy, do it when the price is close to the lower line, if the price is close to the higher line you should not trade, means that you lost the entry. It’s previne you to take bad positioning on trades.

Yay, thanks for this advice, I will just keep on combining them. My friend mentioned the Bollinger bands but he never said that I should combine it with others, just said that it was reliable and I should use it. But you’re very right, it might not give accurate signals sometimes, so it’s best to be combining them so that we don’t make mistake and put the wrong trade.

I have never really been a very strong lover of Bollinger bands as I always believe there are better indicators that can do a better job. To me, it just makes the chart look so clumsy for my liking. I still prefer the use of the simple moving average 20 directly as well as 50 for trends, coupled with momentum indicators such as Stoch RSI for the market condition at certain point in time while using price action at this points to detect a price reversal. The best thing is to never use a single indicator to judge the market movement and use other ones to support your decision. Maybe there are other ways to use BB, but it ain't it for me.

Best to use in combination with other indicators. This tool might help you bitcoin technical analysis (https://coinalyze.net/coin/bitcoin/)

I have been using these bands for over a year now, I want to tell you that it’s worth it

Bollinger bands with moving averages and with RSI/MACD then these 3 technical indicators would really be helpful when it comes to trading.Results might not be precise on each calculation or analysis but it would be much more better than no having technical analysis at all.Even we know that this market is way too speculative where it can anytime break out TA and Funda at the same time.

Learnt about this indicator recently and it actually gave a good insight in determining resistance and support at certain trends, though it is not a too safe to use alone in entirety, but it surely does help in making trade decisions

Bolinger band is one of the indicator that good to use when the market in sideaway, and this indikator will not work to use when bullish or bearish trend. When bearish or bullish trend is better to use moving average and RSI.

Bollinger band is a very good tool as it helps in determining the resistance and support of a particular market trend, With the help of some other trade tools, it helps in making good trade decisions. I use it alongside   RSI and and MACD during traders

I use Bollinger Bands to know when will I entry and when will I exit. I often combine it with Stochastic RSI to make sure when will I buy and when will I sell. Although these are helpful indicators in traders, there is no such guarantee that you always make profit using this indicators. I think technical and fundamental analysis plays a big role for the traders.

Indicator of bolinger band will be work better when the market sideaway, and when the market in uptrend or downtrend is better use Moving average. There are many way to determine support and resistance, not only by use indicator but also by use price pattern.