$BTC $BTC

BTC

104,720

+0.02%

Trading volatile Bitcoin pairs monitors price movements over days or weeks, using technical indicators to identify trends, pullbacks, or breakouts. Below is a simplified strategy for trading Bitcoin/USD or Bitcoin/altcoin pairs: 1. Identify the trend tool: Use the 50-day and 200-day simple moving averages (SMA) on the daily chart to determine the trend. Bullish: If the 50-day simple moving average is above the 200-day simple moving average, focus on buy trades. Bearish: If the 50-day simple moving average is below the 200-day simple moving average, consider sell trades or wait for a reversal. Alternative: Review the four-hour chart for short-term trends using the 21-period exponential moving average.