IA TA: Bollinger Band Magic - Killer Technical Analysis featuring ETH ADA PLTR MSTR TWLO & GME

https://www.patreon.com/InvestAnswers #BollingerBands #TechnicalAnalysis #Tesla #Ethereum #Cardano #GameStop #Twilio #MSTR IA TA Tuesdays(InvestAnswers Technical Analysis) featuring Bollinger Bands Secrets DISCLAIMER The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry. 0:00 Intro 0:10 Charting Tool TradingView 0:20 Chart Settings My TradingView Settings Bollinger period length 100 I use 2 or 4 hour periods I use 2 Standard Deviations RSI 10 1:00 Charts we will analyze today - ETH ADA PLTR MSTR TWLO & GME 2:00 Bollinger Bands: Defined Helps determine whether prices are high or low on a relative basis Used in pairs, both upper and lower bands and in conjunction with a moving average By default, Bollinger Bands are set to 2.0 Standard deviations ie 95% of all the price action is in the channels 2:30 Empirical Rule in Statistics 2.0 Standard deviations ie 95% Refresher I play here and here 3:30 Bollinger Bands in Simple Terms The bands are often used to determine overbought and oversold conditions. 4:00 Why I Use Bollinger Bands I like to follow the patterns and what I call the rhythmic snake movements of crypto and equities. The meandering dance becomes predictable over time. 5:00 Bollinger Bands Widening & Tightening Bollinger Bands widen as price volatility increases Bands tighten as volatility declines Wider bands imply a higher standard deviation, which means an avg price is less likely to be concentrated near the mean Gives me context and structure around the price (Ethereum vs Gamestop) Higher VIX Lower VIX The Mean 6:00 No Man’s/Woman’s Land (Tesla) Danger Zone 5% Danger Zone 5% Oppty Zone 5% Oppty Zone 5% 7:30 Patience - Hunter in the Woods 8:30 Mean Reversion Back to the Mean Danger Zone 5% The Mean is Falling Danger Zone 5% Oppty Zone 5% 9:00 Bollinger Bands Squeeze (Cardano) The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow Volatility contraction or narrowing of the bands can foreshadow a significant advance or decline Once the squeeze play is on, a subsequent band break signals the start of a new move 10:00 Bollinger Bands = Variable Support + Resistance In the case of walking the upper band, this is typically a sign of strength since it takes significant strength to continue to push this resistance level In other conditions, the asset would be considered overbought Walking the Upper Band (Ethereum) 12:00 WALKING THE UPPER BAND In the case of walking the lower band, this is typically a sign of weakness It held great support until it broke down today but was quickly bought up adding 10% today Walking the Lower Band (Palantir) WALKING THE LOWER BAND 13:00 The Enchilada - BB, FibRetr & RSI Danger Zone 5% Danger Zone RSI 90 Kill Zone 5% Kill Zone RSI 11 Fib 0.786 16:00 Conclusions Gives me spatial awareness of where the asset is between overbought and oversold Not to be used standalone Great for affirming support & resistance levels Amazing at enforcing patience to wait for the 5% zones Get comfortable with your own settings - Time, Length and RSI BEWARE: Do not trade on TA Alone. Make sure you take into account all fundamentals. Future IA TA Tuesday Videos VPSV Stochastics Bollinger bands Candlesticks Fibonacci retracements On balance volume Up Trends (bullish) Down Trends (bearish) Consolidation (range riders) Volatility IA TA Full Agenda Trend lines Support & resistance Moving averages Exponential moving avgs RSI MACD RSI + MACD Breakouts Gaps Momentum Patreon.com/InvestAnswers Want more? (you know what to do!)