Bitcoin price prediction 2016 Day 4 Day Trading
Bitcoin price prediction 2016 Day 4 Day Trading. If we take a look at the chart for March 1 2016 we see that the 4 hour still has an uptrend from 410 to around 435. With the 15 minute chart we can capture small movements in price for profit as explained in the video above. Buying whenever the price moves past the lower band and selling just above the mid range. With leverage you can make profit on a $3 price move.
The 4 hour trend line was tested twice in the chart with a significant move down from $440. I have a neutral bias now and think the 4 hour trend will be taken out. Any move to $420 is bearish and would recommend a selling any up spikes.
I don’t own any bitcoin or positions this is just a hypothetical trading scenario.