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Bitbo is excited to announce our newest chart:
Bollinger Bands are a technical analysis tool that was invented by John Bollinger in the 1980s.
They are used to measure the volatility of a financial asset, like Bitcoin, over a specified period of time.
Bollinger Bands comprise three lines:
A middle band representing a simple moving average (typically 20-day)
Two outer bands that are standard deviations away from the middle band
