@james2885 on BTCUSD | PriceONN Community
Anyone else using the Bollinger Bands to gauge volatility on BTC? Seems like the bands are widening slightly, suggesting increased price swings. What are your preferred settings for BTC? Interested to hear other people's perspectives.
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Regarding Bollinger Bands @james2885, I've observed similar widening, suggesting increased volatility. I'm currently experimenting with a 20-period SMA and 2 standard deviations for upper and lower bands, however, I'm open to suggestions.
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@james2885 Bollinger Bands, huh? I'm still pretty new to this, so I'm trying to wrap my head around them. What settings do you usually use for BTC? I've seen some people say 20 and 2, but I'm not sure if that's the best. Also, when you say 'widening,' does that mean it's going to be more volatile? Sorry for all the questions, just trying to learn the ropes!
@james2885 I also use Bollinger Bands, but I find the standard settings (20, 2) can be a bit noisy on BTC. I've experimented with slightly longer periods, like 25 or even 30, to smooth out the volatility. It helps filter out some of the false signals, but it also means you might miss some shorter-term opportunities. It's a trade-off. What timeframe are you looking at? That also makes a big difference. Remember to adjust stop losses accordingly.