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RE: Steem Price Analysis

in #steem8 years ago

Great stuff. I have been seeing/feeling some confidence return to Steemit (not me, I was always full to the brim ;O)) I like your analysis above and didn't know that Bollinger Bands pinching meant that something was in the wind. Great to pick up new things!

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Well just the fact that they are pinching doesn't necessarily mean anything, but throughout history periods of low volatility are often followed by a period of high volatility. Therefore, pinching bollinger bands often offer a great time time to get in before the bigger move comes... However, there is no way of knowing for sure what direction that move will go.

Its the excitement of it all, keeping all the fingers crossed its a good direction!