BITCOIN & ETHEREUM

If you are a novice trader, then how can we make money trading binary options on cryptocurrencies? Because at this moment The ever-increasing price of Bitcoin and Ethereum, provides an opportunity for speculative income and passive income in long-term investments.

What Strategies Should We Use On Cryptocurrency Trading?

Strategies that we should use in cryptocurrency trading, as well as other trades such as Forex, Binary Options, and so on, are strategies proven indicators and technical analysis strategies.

Characteristics of the strategy

Type: Trend

Timeframe: All in the M1-M5 range. In our case, M1 is indeed used, but with an increase in the analysis period, the accuracy of the signal increases.

Trading assets: Any crypto options trading signals. The main requirement is a fixed spread (2-3 points) and no hidden fees.

Trading time: 24 hours / 7 days a week.

Premium percentage option: Not less than 70-75%.

Moving Averages on Bitcoin

In this case, We will start by using trend indicators. The most classic and often used in the trading analysis is the Moving Average. The strategy of opening an option at the intersection of the Average. Perhaps experienced Traders can trade bounces. Auto binary signals are only in trend, we don't trade in flats.

This strategy uses two sets of moving averages including:

An average of two exponentials (EMAs) using periods 18 and 28. Determine the direction of the medium-term trend. On flutes with high volatility can be used as a price channel, through which We can trade (width not less than 10-15 points). The breakdown will be a binary signal from new trends.

Weighted average (WMA) using periods 5 and 8. The value of strength, the direction of the trend is "fast" and indicates the opening/closing option points. In the Weighted Moving Average, the last price has the greatest weight, and therefore the reaction to its change is faster.

UP - The "fast" Moving Average crosses the "slow" from top to bottom or moves below the EMA.

PUT - option. Reverse condition: The WMA is above the EMA or crosses it from the bottom up.

NOTE: If all Moving Averages are adjacent to each other, then this indicates a trend change. We should not enter the crypto market and wait for the next signal.

Oscillators on Ethereum

There are almost no speculative movements on Ethereum, the trend changes predictably even on lower timeframes. Only overbought/oversold oscillators can be used, but it is highly recommended to confirm them with trend indicators or crypto signals. In this case, the Moving Average of the first strategy will be carried out.

Two oscillators

1. Stochastic with a period of 5. The oscillator will assess the current balance between buyers and sellers. predictors above level 80 end of an uptrend (overbought), below the 20 ends of the downtrend (oversold). Oscillator "Fast" with the first signals of a trend reversal and new crypto options.

2. Period 21, this period serves to confirm the signal of the Stochastic "fast".

UP- option. Two Stochastics are moving down from the overbought zone.

PUT- option. Opposite live trading signal: Stochastic rises from the oversold zone.

That's the technical strategy of analysis of bitcoin and Ethereum cryptocurrency trading that we can convey in this article.

Note: the articles are available for informational purposes only and are not at all guidelines for action. Site and program owners do not accept any responsibility for the use of the information provided on the website, such as for any errors. The information on this site does not constitute a public offering.