Intent on Futures or Cryptocurrency Trading?
Trading on the cryptocurrency market is something that has likely caught the attention of everybody who has heard of it, with the general consensus being that it is neither straightforward nor boring. But, you need a plan, a trading terminal, and a portfolio tracker in addition to a lot of skill and a huge amount of luck, in order to succeed.
The question is, “What is a Good Crypto?”
The Good Crypto app is a cutting-edge, all-inclusive trading and portfolio management app that gives its users access to an extensive range of the most desired tools that each successful trader or investor should have at their fingertips. Using GoodCrypto, you can research over 20,000 markets and trade on 35+ crypto exchanges with cutting-edge technologies in one convenient location, allowing you to make profitable trades whenever and anywhere you choose.
Using trading bots from GoodCrypto, you can put your portfolio to work for you wherever you go, whatever you’re doing, and regardless of the trading technique you employ. They aid in putting feelings aside so that any trading errors can be made without emotion getting in the way.
- The with help of the Infinity Trailing bot, you may automate your trading using the sophisticated GoodCrypto Trailing Stop orders, “capturing” all market ups and downs and ensuring a profit regardless of market conditions.
- Grid Bot automates the placement and maintenance of a grid of buy and sell limit orders of the same size, allowing you to seize even the smallest profit opportunities in a range market.
- By averaging the position and “pushing” the Take Profit order closer to the current price while maintaining a specified degree of profitability, DCA bot can help you make money even in a bearish market.
Key Features
- When you can ride the trend for as long as it lasts, you can make a lot more money with the help of Trailing Stop orders, which allow you to effortlessly enter and exit positions at higher prices.
- Combine a loss stop with a take profit order. With the GoodCrypto app, you can quickly and easily set a take-profit (TP) and stop-loss (SL) on any order (market, limit, etc.) with a single click and without having to freeze your account. When you set a Stop Loss trigger, you won’t have to sell your stock during temporary price increases.
- Smart alerts will be available on Uniswap and Pancakeswap before they burst, informing you of market conditions, new exchange listings, and potential DeFi gems. Establish Good Crypto price change notifications or create a liquidity pool to seize profitable opportunities.
- Monitoring Your Portfolio: Keep tabs on all your cryptocurrency and blockchain wallets, trades, and exchange accounts. Predicting a breakout in the short to medium term using bollinger bands can be profitable. However, keep in mind that the bands cannot provide a conclusive advantage as to which way a breakout will go. Following the BB corridor and placing most of your trades in the direction of the prior trend allows you to more easily adjust to market fluctuations when utilizing the indicator correctly.
- This action of the candles in relation to the BB walls might provide a signal of price intents to move in a given direction, a weakening trend, or an imminent exit from the range, based on how price consolidates, rallies, or breaks the midline.
- Combining BB with other indications, including GoodCrypto market trend signals, increases the strategy’s potential for profit. GoodCrypto’s panel displays all your transactions at once, in real time.
- Intelligent TA communication. When it is best to purchase or sell an asset, you can look at the coin’s Technical Analysis rating, which is based on 13 Moving Averages and 4 Oscillators.
The Bollinger Bands: A Practical Guide
Although the Bollinger Bands indicator is just one of many technical analysis tools available on the GoodCrypto platform, it is a widely used one. However, it is recommended that you employ many parameters in your strategy’s trade entry process, or at least make use of the technical analysis signals module the program provides.
Predicting a breakout in the short to medium term using bollinger bands can be profitable. However, keep in mind that the bands cannot provide a conclusive advantage as to which way a breakout will go. Follow the BB corridor and rely heavily on the prior trend direction in trades to better adapt your trading approach to market fluctuations with this indicator.
The behavior of the candles in relation to the BB walls might provide a signal of price intentions to move in a given direction, a weakening of the trend, or an approaching exit from the range, depending on how price consolidates, rebounds, or breaks the midline of the indicator.
Using BB in conjunction with other indicators like GoodCrypto market trend signals or the pending order capability of GoodCrypto without freezing the balance will allow you to place a large number of setups in accordance with such a strategy.
Breakouts
The Bollinger Bands trading approach is useful for catching emerging trends early on in the market. For the most part, prices remain contained inside the bands. In contrast, a breakout occurs when the asset price breaks out of the range defined by the upper and lower Bollinger Bands. Bollinger Bands narrowing before a breakthrough is sought for by traders as it provides an early warning of a period of low volatility. Once we get beyond the narrowing of the bands, volatility usually grows.
You need patience, the right trading tools, and an understanding of market tendencies to profit from trading breakouts. A period of consolidation frequently follows a breakout. The mid-term trend is expected to change whenever price breaks out of the bands. It is crucial to be prepared to respond fast if the price breaks out of a long-term trend, but it is also necessary to be aware of the trend’s potential to reverse course. A GoodCrypto platform’s technical analysis signals, as well as those generated by the Bollinger Bands, can be enhanced by using the RSI indicator. A higher victory rate and lower loss total can be achieved by employing further confirmations.
Bollinger Bands are a fantastic technical indicator that can be incorporated into a wide variety of trading strategies. RSI highlights price movement in promising areas, whereas MACD is a robust trend indicator. For consistent gains, it’s crucial to choose a platform like GoodCrypto that delivers cutting-edge trading tools and streamlines your workflow with your preferred trading strategy(s).
Pricing
For only $9.99 a month, the GoodCrypto app gives you access to all the premium features, including the most sought-after trading bots.
The annual plan is only $79.99 ($6.66 a month), so you can save money by joining up for the whole year at once.
It does not add any fees to trading above and above what is already charged by the exchanges.
Facilitated Trades
Over 35 of the most popular cryptocurrency markets are compatible with GoodCrypto.
Binance, Coinbase Pro, Huobi, Mandala, Binance.US, Bitfinex, Bithumb, BitMart, MitMEX, Bitstamp, Bittree, Blockchain, Bybit, Bybit Spot, CEX.io, Crypto.com, Exmo, FTX, FTX US, Gate.io, Gemini, HitBTC, Huobi Futures, Indodax, Kraken, KuCoin, KuCoin Futures, Kuna
Download Good Crypto from the App Store, Google Play, or the web today to provide yourself round-the-clock access to successful trading.
