Cryptocurrency strategy for binary options
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The high volatility of cryptocurrency provides the opportunity for speculative earnings, especially in the context of a short-term trend. The price may change during the day by 20-30%. Let's look at how to make money on binary options on cryptocurrencies using proven indicators and a technical analysis strategy.
Timeframe- M1-M5. As the analysis period increases, the accuracy of the signal increases.
We trade with vfxAlert cryptocurrency signals.
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Chart settings.
2 EMA with periods of 18 and 28. Determine the direction of the medium-term trend. On a flat with high volatility, it can be used as a price channel within which you can trade (width of at least 10-15 points). A breakout of a binary signal will be a signal of a new trend.
WMA with periods of 5 and 8. Evaluates the strength and direction of “fast” trends and shows the opening/closing points of options. In a weighted moving average, the latest prices have the greatest weight, which means the reaction to their changes occurs faster!
Cryptocurrency trading signals:
CALL option. The “fast” moving average crosses the “slow” one from top to bottom or moves below the EMA;
PUT option. Reverse conditions: WMA is above the EMA or crosses them from bottom to top.
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