Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Buy the support, sell the resistance. Always Buy below MA and sell above MA. Play with the trend, if play against the trend then try to close position soon. RSI overbought/oversold is good indicator to watch. Keep profits target ready as per the Fibonacci .3 and .6 levels. Stop loss just below the support/resistances. In a downtrend, sell the rallies. In an uptrend, buy the dips. Once a good support will be a good resistance, once a good resistance will be a good support.
Follow these steps everywhere in a good liquid market.
Comment
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This volatility can either make or lose you lot of money. I suggest learning it good. Good Luck!