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On June 25, the creator of one of the most popular trading tools said that the"lovely" two-bar reversal was supposed to be sufficient for a price jump. The chartist suggested that the cryptocurrency could potentially test the highs. However, this wasn't the case. $102 Billion in Bitcoin and Ethereum Options to Expire Today: All You Need to Knowthat the two-bar reversal was one of his most favorite trading patterns. In fact, he once called it his"bread and butter" trade.
According to the chartist, the ideal two-bar reversal occurs when both bars are greater than the average true range , which is a popular market volatility indicator. Both bars should be big-range bars, according to Bollinger. The first bar should close outside the upper Bollinger Band followed by a close inside . This is a very useful strategy when it comes to counter-trend trades, according toThe price of the leading cryptocurrency is currently sitting at $60,181, according to CoinGecko data.
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Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »