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RE: Simple Trading Strategy that Works - Fishing for Fib Levels like a BOSS

in #cryptocurrency • 7 years ago

Thank you for your feedback @enazwahsdarb I've yet to learn bollinger bands . . but I'd like too soon!! So far I'm looking at a 7:4 Win/Loss on the setup. Meaning, that 4 times price broke below the low of the move. I sold 2 of the coins for a minor loss and kept the AMP and LBC like I said in my post.

Currently, I have 5 more that are alive and well . . haven't hit my sells, but haven't dropped below the low either. It has turned out to be quite profitable. Doesn't work as well in a bear market, so fingers crossed we can still trend higher overall :)

7 years ago in #cryptocurrency by
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     7 years ago (edited)
    Awesome stuff :) Bollinger Bands are very simple actually. They work in correspondance to the 50 EMA, and give a equal distance both above and below. So if price breaches the bottom band, then it's a higher probability that price will go long, indicating a strong factor of confluence for a potential buy. Vice-versa for the top band. It's a very simple, and effective indicator for the chart. I used it a lot when I used to trade Binary Options :)

    Might I ask how this post got 800+ views? I am intrigued :D

    Talk soon!

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