Trading bitcoins by trend and correction

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Bitcoins are highly volatile assets. This imposes restrictions on trading methods. But in the arsenal of traders there are enough ways to make a profit on such aggressive assets. Mostly bitcoin trading on the exchange goes in the direction of the trend, which has not changed over the past year (kept upward). But a number of experts are of the opinion that it is safer to make money on pullbacks and price corrections after another surge by looking at the live bitcoin price . The trend and correction can be determined in several ways: Use indicators (Fibonacci lines, Shved Supply and Demand are effective); Draw levels manually and watch for breakouts of strong areas (the price often stops at them, a trend reversal occurs); Apply automatic advisors that signal the beginning of a new trend. What instrument and how to play on the cryptocurrency exchange depends on the preference of the trader. At first, many people use an excessive number of indicators, which often duplicate each other in the displayed information. Gradually, the minimum set remains, which is the most convenient for a particular trader to work with.

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