E Crypto Trading Strategy In A Volatile Market

When you compare that to the actual price range within the Bollinger bands, it was oscillating all over the place across the three bands within short periods of time. The current ATR reading suggests that trading bitcoin long would be reasonably safe bet now than it was between 9 and 12 this month.


In summary, there are several strategies that traders can use to trade cryptocurrencies. Targeting strategies that focus on crypto volatility can be a good idea because as demonstrated over the years, the industry is relatively very volatile compared to other markets. 

To trade crypto volatility effectively, traders must factor in both the fundamental and technical aspects of the market. And as discussed here, using the ATR alongside Bollinger bands can be a good place to start.


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Michele Grant 5 months ago Member's comment

I am not a fan of #cryptocurrency for precisely this reason. It enables criminals and. Additionally it can be hacked (anyone who says it can't is kidding themselves) and then you have no FDIC insurance, or any other recourse as it can not be tracked.

I am fine with digital currently which is regulated and protected, but I've never heard valid arguments by honest people on why we specifically need a cryptocurrency.

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Michele Grant 5 months ago Member's comment

Exactly. It's untraceable with no paper trail. I recently read about an entire town's computer system was hacked - no 911, etc. They were forced to may over $600,000 in ransom money and they perpetrators got away as a result.