Two Indicators for Profitable Results
Trading has become a good job in the world where many people came to realize about its profit. Crypto trading is a good job to do but only if you are expert at or have learned much knowledge about trading.
The good thing about trading is that it needs no physical effort as such like other jobs which needs hard work and continuous struggle in the offices. But it is an easy income if you are expertise in trading.
In this post I am going to share about two indicators which has always been helpful for me in trading. Combining this two indicators have helped me earn lot of money and I am still experiencing it.
But before to share my thoughts about these two indicators and the method to earn. I want to make it clarify that crypto trading is high risk and there is more chance to lose your money if you are not experienced and have not enough knowledge about it.
So, It request to learn before becoming a trader. This is my experience and thoughts about successful trading with the help of two indicators. So, please do your own research before taking my steps in the trading.
The two indicators which I have experienced are Bollinger Bands and Relative Strength indicator (RSI). There are many traders who read and understand the chart time frame and draw many lines and patterns with the help of indicators.
Many traders spend more than 2-3 hours to take out any signal for trade. But what I am telling is not a rocket science but very easy steps to book some profits. Those analysts who draw 5-6 indicators on their chart are never in profit because they are confused themselves.
According to my strategy, the first thing is to select any trading pair you want to trade. But its good to apply this trading strategy on #Bitcoin first because all other coins follow BTC.
CANVA
Let suppose you have selected STEEM/USDT pair. The first thing is to select RSI and Bollinger indicator in the chart. Keep the setting of these two indicators by default and dont try to tune by changing the setting.
You all know that Bollinger band has 3 lines. Upper, Middle and Lower band. Upper band indicates the overbought position and lower band indicates the oversold position. In RSI there are number from 0 to mainly 100.
Whenever you see that the candle is at lower band of the bollinger and sees that RSI is at 30 then its the 80% sure trade for you. You must buy in layers rather all together. First layer should by bought at lower band of bollinger and when RSI meets 30.
If the price drops further then ignore Bollinger and only concentrate on RSI. The next buying point is when RSI reach at 20 then 10 and so on. Bollinger band is helpful to give you buy your first layer.
Similarly, the same way is the selling points. Sell your first layer when you see the price has hit the middle of the band. While selling ignore RSI and concentrate on Bollinger. When you see that the candle has reached the upper band then sell all your positions.
This is very simple method and needs no hard work to draw pattern and lines on chart. This is how two indicators are combined for the successful result.