What are the best settings for Bollinger Bands for crypto?
As a crypto investor, I'm curious about the optimal settings for Bollinger Bands in order to maximize its effectiveness in cryptocurrency trading. Could you elaborate on what parameters should I consider adjusting, such as the number of standard deviations, the moving average period, or any other factors that could influence the accuracy of the indicator? Additionally, are there any specific strategies or scenarios where Bollinger Bands tend to work best in the crypto market? Understanding these settings and their applications would greatly enhance my ability to make informed trading decisions.