Making sense of the bitcoin price fluctuations with bollinger bands

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The chance of an asset moving in your direction, or even moving enough in your direction, within the next 60 seconds is so slim as to be near impossible to judge. This is not to say that it can not be done because it can. This is evidenced by the large number of algorithmic traders and options scalpers that exist today. If it were impossible to make money on such a short time frame these traders would not exist.

I personally prefer to use at least a five minute chart but this strategy can be used on any time frame from 60 seconds to one week with relative success. What am I talking about…. Bollinger Bands are all about volatility. Volatility is the movement of the market. Trading is about catching market movements in order to profit. It only makes sense that an indicator that measures volatility would be a good tool for traders. There are lots of such tools, and many ways in which to utilize them but Bollinger Bands are by far the best methods for day traders.

Short term binaries are all about catching short term movements. The thing is, when you enter a binary options contract you are not necessarily getting in at precisely the spot price at time of purchase. This is because all the brokers include a small amount of slippage into each strike in order to help them maintain acceptable losses. This is not a scam, just the cost of trading and something explained in every brokers terms and conditions I have ever read. This is why trading 60 second options and other super short expiries is so hard.

Not only do you have to be right, you have to be right at exactly the proper time AND the trade has to move up enough to match and exceed the strike price at which the broker has set the option.

Bollinger Bands are excellent for trading short term binary options because they pinpoint times of low market volatility movement and then signals when the market start to moves. Once the market is moving the bands also provide numerous follow up signals that savvy day traders can take advantage of. This is how it works. The bands are based on a standard deviation of prices and will get narrower and wider making sense of the bitcoin price fluctuations with bollinger bands volatility decreases and increases.

When the market is very calm and quiet the bands get narrow, when the market is volatile and moving a lot the bands get wide. The patterns of widening and narrowing are one kind of signal while price action in relation to the bands themselves provide another. There are three lines in the equation.

The first is a moving average usually set to 20 periods. Look at the chart above. Notice how the bands become narrow and then widen over time. When the bands narrow it is because prices tend to trend sideways.

When the market trends sideways it is very hard to profit from binary options. When the market moves up or down from one of these sideways patterns the bands get wider, indicating that movement.

Making sense of the bitcoin price fluctuations with bollinger bands is the very first signal you making sense of the bitcoin price fluctuations with bollinger bands for, a narrowing followed by a widening.

When the bands begin to widen you know it almost time to make a trade. The next step is to wait and see which band price touches when the widening starts. This is usually an indication of direction and what kind of trading you will be doing.

If prices touch the upper band the market will usually rally. When price action touches the lower band the market will typically sell off. Bollinger Bands, Volatility and Binary Options. Bollinger Bands For Binary Options Bollinger Bands are excellent for trading short term binary options because they pinpoint times of low market volatility movement and then signals when the market start to moves. Bollinger Bands Are Best for short term binary options trading.

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Don't lose patience with Bitcoin just yet- we are on the cusp of something great here people. We will continue to experience even more growing pains as regulations come down the pipeline so be prepared.

Need A Good Laugh? All pictures are free domain images from snappygoat. New token that was just released not too long ago. Only trades on two exchanges and is still about the same price as when it hit markets I am just looking at it now. Yes it meets my criteria as it is new and hasn't gone up yet, I think i'll buy some.

Need to sign up to the exchanges. How much was the ICO price? Not sure about the ICO however the Gate. I already bought from huobi, but thanks. I just checked, it was 12 cents during ICO.

Hehe I am patiently awaiting the next huge jump. Once the whales feel like they have had enough fun playing with the market I think they will dump some more money back in and ride the wave back up again.

A break below the I am very curious to know what's going to happen in 3 days when the next round of futures contracts expires Jan 26th. Hoping to see a rebound in price soon! I'm sorry to hear that friend. I think we have all seen pretty steep losses by HODLing but patience is a virtue and you will be greatly rewarded in the future!

We are the early adopters Yeah that's what I'm banking on! Despite recent losses, I'm still up around 25 times in 5 months haha. I have a good feeling tomorrow we will see some green Bitcoin keeps breaking records!

Cryptocurrencies are known for their rapid price movements, providing potentially high returns on investment. Your post is very interesting. I would like to ask how your prediction about bitcoin is whether it will go up or it will decrease. Bitcoin will be much higher by without a doubt in my mind it will have to rise over time as the community continues to grow. The only real threat to Bitcoin right now is Ethereum or some fully scalable, fee-less crypto with a better use case that comes along.

I have so many coins in my portfolio right now I recommend looking for coins that have 3 main components: I have been doing this for a while. Lets just hope that they roll out the lightning network soon.

The increased SegWit support by miners is going to increase network efficiency over time but it seems like too little too late. Wow thank you sir- I try to progress daily with my knowledge and my technical analysis. I hope I can help my community to make informed decisions and make some profits: I have considerable confidence in Bitcoin, I believe bitcoin will go further in the future, but sometimes Bitcoin becomes a soldier from the king, it is a matter of little thought: Great post dear hotsauceislethal.

But what i feel is that,when bitcoin is legally accepted and gets patronage as a means of transactions, it will get its value back. I see other crypto currencies making a competition with bitcoin thats why the fluctuation is at this way and EThereum and ripple is really making it worse of in the crypto market. But sure it will bounce back in value because it's not the first time it had a fluctuation. Thanks for sharing your searched statistics on bitcoin.

Honestly I think the Bitconnect collapse has hurt Bitcoin in a lot of ways. The constant flood of Bitcoin moving in and out of their platform was creating a lot of action and volume for the BTC prices.

That patronage of people using bitcoin really made the value dropped. Because I can remember 2years back when it was recommended that I can purchase items on ebay and Ali express foreign online shopping with bitcon, bitcoin was at his peak and i made x5 by investing in it. But now,other high preferred crypticurrencies has made the market for bitcoin fluctuate badly. For reason i havent really phantom because its all same crypticurrencies but i belive its how these various ones have beem accepted in various nations.

But still and still, i got bitcoin back until it gets a value as before and even more. Great post dear,,,, I like to see Bitcoin is going to be number one online currency in future Hope it will be reached the price target whatever everybody is expected.. Anyhow, thanks dear for this awesome post share with us Bitcoin will remain the king for some time We may continue to see more red until Jan 26th since that is when the next round of futures contracts expires.

It's a long road to glory but we'll get there eventually. Bitcoin bears are just punishing the market for being overzealous and greedy. The realists are cashing out their insane profits while they still can while the panic sellers are just dumping their holdings out of fear. Bitcoin's flaws have held it back from achieving new all-time highs and new investors are starting to get more and more nervous as time goes by.

Will Bitcoin EVER get a chance to stand back up or will it keep getting hammered down at every corner? Stochastics indicate that we within normal ranges but falling towards oversold conditions. MACD shows that we are below the zero line with low volumes. A bearish crossover of the moving averages is imminent unless we can increase buy volumes. Authors get paid when people like you upvote their post.

And the winner is: It's good that bitcoin slow down sometimes because i don't have enough yet. This could be our home run coin my friend!!!

Theta is up 40 percent. Should be seeing some green especially with the good news from Korea recently. I Believe in Bitcoin and steem, just hold! The next person to see that bill was probably so confused haha! Lets hope too see a change in the chrts soon The whole crypto market is mostly just whale manipulation at the moment.

Volatility is the name of the game baby!!! I try I try, thanks man. Wow nice you are super your analaysis is correct Lets see btc down or up. Yes sure brother i connect with you always. I hope btc will become stable at 13k so that alts can rise Getting through it but crypto will be back at the end of the month. It's always darkest before the dawn. Just seems that this darkness is lasting forever! Your talent shocks the world of steemit.

I work hard to bring the latest Bitcoin price action to my followers. Without a constant flood of people buying and using Bitcoin it has slowly been losing value. These are very interesting times