🔴The PERFECT cryptocurrency trading strategy
$BTC To trade cryptocurrencies you only have to operate the charts following one method.
There are several strategies you can use.
Do you want to know what they are?
1- Strategies based on technical indicators
We are going to see some technical indicators that will allow us to visualize how the cryptocurrency we want to analyze is doing.
Remember that if there are large movements of money it is usually reflected in the volume.
The RSI (Relative Strength Index) is an oscillator that measures the magnitude of recent changes in price to determine whether a security is overbought or oversold.
This technical indicator moves between 0 to 100, but traders pay special attention to levels 70 (overbought or very high) and 30 (oversold or very low).
2- Strategies based on macro and statistical indicators
The value of cryptocurrencies varies depending on supply, demand, and user commitment. The more speculation there is for a cryptocurrency, the lower user adoption usually is. It is possible to detect certain strategies that are repeated over and over. again. RainBow Chart
This indicator works well. The price is in the accumulation zone. If it drops to the blue zone, we will have to buy even more.
3- Strategies based on technical analysis
Supports and resistances
Supports and resistances are important in trading. It is a fundamental factor of technical analysis. When support exists, it is normally expected that buying will exceed selling.
Resistance is the opposite assumption; The usual thing is that the sale price exceeds the purchase price.
Following a trading strategy based on supports and resistances seems simple, but it is not.
