Both dipping and recovering price cycles represent good buy-ion points for BTC day trades. There are a multitude of good buy ins given the above indicators and bollinger band overlay (200 day SMA).
When price is falling, the lower standard deviation of the bollinger bands are helpful in establishing buy in points. When price is collapsing initially after a high, this is the scariest buy in. However, you can see how EMA 34 and SMA 50 are both far below SMA 200, and exhibiting room for collapse.
Once a significant BB low takes place, scraping the lower BB for the last time, there is an opportunity to buy in, with expectation of a set of improving buy-sell cycles. There will be several before the final, parabolic jump of the day, justifying your attendance in the market.
I see several very healthy gains, buying these hits along the lower bollinger band, which may surpass the parabolic gain, taking place in the final jump.
My contribution is the cup-like trend, traveling the lower range of the bollinger distribution, scraping lower standard deviation points. But the recovering price-pump at the right (4.4%+) is signed by rising prices versus the lower bollinger band, and a combination EMA 34 and MA 50 surging closer to SMA 200.
This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation
When price is falling, the lower standard deviation of the bollinger bands are helpful in establishing buy in points. When price is collapsing initially after a high, this is the scariest buy in. However, you can see how EMA 34 and SMA 50 are both far below SMA 200, and exhibiting room for collapse.
Once a significant BB low takes place, scraping the lower BB for the last time, there is an opportunity to buy in, with expectation of a set of improving buy-sell cycles. There will be several before the final, parabolic jump of the day, justifying your attendance in the market.
I see several very healthy gains, buying these hits along the lower bollinger band, which may surpass the parabolic gain, taking place in the final jump.
My contribution is the cup-like trend, traveling the lower range of the bollinger distribution, scraping lower standard deviation points. But the recovering price-pump at the right (4.4%+) is signed by rising prices versus the lower bollinger band, and a combination EMA 34 and MA 50 surging closer to SMA 200.
This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation