What are Bollinger Bands in Crypto Trading?

Bollinger Bands in crypto trading are a technical analysis tool that consists of a simple moving average and two standard deviation lines, one above and one below the moving average. These bands help traders identify when an asset's price is high or low relative to its historical price. The Bollinger Bands indicator works by measuring volatility. When the bands are close together, it signals that the crypto asset is trading in a narrow range and volatility is low. When the…