Crypto Analyst Who Sold The Bitcoin Top Reveals How To Buy And Sell At The Perfect Time

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	12,110,401,949	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

12,110,401,949

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.000127	-0.09%	0.137437	0.137394	0.137456

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.000127

-0.09%

0.137437

0.137394

0.137456

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.137743	0.136943	0.137564	0.137564	0.071373 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.137743

0.136943

0.137564

0.071373 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	13:17:09	173.13	0.137437	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

13:17:09

173.13

0.137437

USD

Price x Volume	Volume	Base Symbol	Related Pairs
31,853.99	232,098.49	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

31,853.99

232,098.49

Crypto Analyst Who Sold The Bitcoin Top Reveals How To Buy And Sell At The Perfect Time

30/11/2023 11:00am

NEWSBTC

Long-term crypto investor Jelle who caught the Bitcoin top in 2021 recently provided insights as to the best time to buy and sell crypto assets. Jelle provided a background for his knowledge as he stated these insights helped him sell his Bitcoin holdings at the peak of the last bull run. A Powerful Bull Market Indicator In a post shared on his X (formerly Twitter) platform, Jelle explained one of the “most powerful bull market indicators” that could help traders understand the direction of the market. This was based on how to use moving averages (MAs) for trade entries and exits. To enter trades, Jelle noted that he usually finds the confluence between MAs and horizontal levels. Related Reading: Dogecoin Holders Cross 5 Million, Catalyst For Price To Reach $0.1? The analyst shared a chart to elaborate his point further. According to him, there is usually a good entry when price retests an area that “makes sense both horizontally, and MA-wise.” This strategy is said to work well in the early stages of the bull market. However, he warned that traders will likely have to rely on MAs alone further into the bull market. Source: X He went on to give an insight into his Bitcoin trading strategy in particular. He said he uses the 21-week moving average when trading the flagship cryptocurrency. In relation to the lower timeframes and altcoins, Jelle mentioned that a combination of the 25, 50, and 200 Exponential Moving Average (EMA) works well. Finding Trade Exits For Assets Like Bitcoin Jelle also gave insights as to how to find trade exits. He noted that selling to MAs works well too and this is preferable when there is a confluence between the MAs and the horizontal levels. He also discovered that this strategy works best in downtrends. However, that was how he exited the Bitcoin market at its peak back in 2021. Source: X As to the best time to use MAs for exits and entries, Jelle stated that it works best when there is a strong trend present. Meanwhile, the strategy is said to be “much less accurate in a sideways market.” Although he decided not to go into details, he mentioned that mean reversion strategies are more successful during such conditions. Related Reading: Bitcoin Spot ETF: SEC Delays Fail To Stop BTC As Price Clears $38,000 Generally, Jelle believes MAs are a “great indicator in the trading toolbox.” However, he cautioned traders not to “blindly trade” when the price reaches an MA. Instead, they should also take a look at how the price reacts to the area. He gave an example of how wicks through an MA can tell one how “it is being respected.” Jelle had previously given insights as to how to buy the right dips in a bull market. His insights had also bordered on using Moving Averages to achieve this. BTC loses footing above $38,000 | Source: BTCUSD on Tradingview.com Featured image from BBVA.ch, chart from Tradingview.com

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