Bitcoin Trading Idea

BITSTAMP:BTCUSD   Bitcoin / Dollar
293 3 7
If we look at Moving Averages which rise and move far from each other, we can see trend market conditions. It is up trend and a possible entry level above Moving Average with period 50. But Bollinger Bands shows the period with low volatility and DMI             confirms range market conditions. In such way we have to wait Bollinger Bands expansion which follows after contraction and ADX rising. The same trade conditions you can find on the chart and it gave a profitable signal for a long trade. If this time we also have expansion, ADX starts rising and MACD gives a signal for long trades, we'll search for entry levels above MA50. If price breaks low Bollinger Band , we'll have to think about short trades and it will be another trading idea.
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