Bitcoin Bollinger Bands push key breakout as creator acts on positive signal

[Oshosondy]

I just like John Bollinger, the creator of Bollinger band (BB). You know in the daily candles that there could be a reversal or a little reversal soon which is creating a mixed reactions that the market price can fall, but some people are saying the market price might rise, but John Bollinger has a positive investment plan instead.

Bitcoin faces stiff resistance as it attempts daily candle closes above the upper Bollinger Band.
Volatility comes on cue after the Bands' tightest-ever conditions last month.
Creator John Bollinger takes advantage of positive trading signals as part of his investment program.

The way traders are viewing the market is very different from the way investors will view the market. There could be a reversal a little, there could also be a bear market, but in the monthly chart, it is seen that the market will later be bullish and the price of bitcoin will later increase. It may take few months or it may begin at anytime.

[Hatchy]

The way traders are viewing the market is very different from the way investors will view the market. There could be a reversal a little, there could also be a bear market, but in the monthly chart, it is seen that the market will later be bullish and the price of bitcoin will later increase. It may take few months or it may begin at anytime.

Long term investors barly have a need to worry over the short time movements of the market. You can imagine what happens on the 15mins or lower, an investors would literally have no business worrying over what price is doing there. They only have to focus on the bigger movements because that is what tells us about the big moves price wants to make. But it's different for traders because these small moves are what gives us opportunities as to trading the market efficiently. Though not every move is needed, you only trade those that aligns with what the HTF trend is doing. Right now we are very strong on the bullish so it's best to stick to looking for where to position for short term buys.

[GreatArkansas]

Well, this is how these indicators work. Bollinger Bands is one of the basic indicators most traders use, yet effective. Some consider this as a positive signal due to the BB, and some bears might take it as their entry point, aiming to enter a good short position. That's why trading is fun, you can't predict the next move even what kind or advance indicators you are using.

[Wiwo]

Day trader's focuses on the short term market shifts meaning signal points for profit taking and also buying point,  that is the day trader's are focused on short-term market momentum like when price hits 81k+, at that point short-term trader's already signal and overheated market which definitely triggers a short-term reversals like when the price dropped below $80k to $79,500 before the quick reclaim.

Long-term investors focuses more on long structural involvement in the market,  this is what .ake the difference between trader's and investors, while investors focuses on institutional inflow for long-term potential growth, traded focuses on short-term market signals to puck they trade position.