The Bollinger Band
Squeeze occurs when volatility
falls to low levels and the Bollinger Bands
narrow. According to John Bollinger
, periods of low volatility
are often followed by periods of high volatility
. Therefore, a 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. A new advance starts with a squeeze and subsequent break above the upper band. A new decline starts with a squeeze and subsequent break below the lower band.
Rumors: Ripple will be added to Coinbase soon.
Watching closely and waiting for the volume
to come back and determine the new trend.