If you're trading Bitcoin, this image shows you the truth of Bitcoin price movement.
How to find and view this chart.
Register an account here, on Bitmex where you can trade margin with 100x leverage.
https://www.bitmex.com/register/4Ogv84Open Bitcoin price chart,
Insert indicators:
- Set Candle stick: 1 day
- Moving average: 100, 200 days
- Bollinger Bands: 100, 2
With this chart you see the moving of Bitcoin price in future clearly.
The truth is: - As long as bitcoin price moves above upper Bollinger Band line, it will continue to go up. If it's unable to go above Upper Bollinger Band line in two consecutive days, time for it to return to 100-moving average line.
At this moment, there're strong correction of Bitcoin price on the band of 4600-5000USD, however, it still stands above Upper Bollinger line.
Strategy: Long posistion is good choice, if price moving down below this Upper Bollinger-Band line, stop-loss. If not, waiting as long as Bitcoin price still goes above this line.
In Bitcoin price's history, there're some strong correction that's up to 30%, so 3x leverage in long is safe enough.
Contact me, if you want to know the secret of trading with high leverage.