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Cryptocurrency Trading - How to Invest in Bitcoin with Binary Options - YouTube
Channel: Imba Trader
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Hi my dear friends.
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Imba Trader is here.
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I haven't seen you all for a while.
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I do hope that you are doing just fine and
hope that you have more in the money days
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while trading Binary Options than unfortunate
ones.
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I haven't posted videos for some time but
it doesn’t mean that I haven't been trading.
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Actually, I was doing it on a daily basis.
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I was doing some CFD stuff and some cryptocurrencies.
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I should say that this is really big at the
moment, trading cryptocurrencies on the Binary
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Options platform.
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It's unbeatable.
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I do personally think that this is just the
beginning of this era.
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It’s always beneficial to get to the piece
of pie at the very beginning, because at the
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end of the day, it's going to grow and will
help you to live the luxury life when you
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get older.
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So let’s get back to what we are here for
today.
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I'm going to set up my platform.
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I'll switch to the Candlestick graph 60 seconds
period.
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Let’s add a couple indicators, Bollinger
Band with the standard settings and RSI.
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So the levels I would switch to: 80, 20 because
70, 30 might be too small a corridor.
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Here, you will see a more precise picture.
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So 80, 20 and period: 10.
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Alright just perfect.
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So let’s do some trades.
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I’m going to start with the $500 trade for
the upwards moment.
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At this point, it was the best entry point,
but I was talking at the moment.
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So let's see how it goes.
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There are 40 seconds left until the expiration.
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I'm trading bitcoin today.
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So what I like in the current platform is
that most of them are sophisticated enough
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where you can buy stocks, you can do Forex
and cryptocurrencies trading, and all within
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the same dashboard.
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So if you want to try trading on this platform,
on Expert Option, just go ahead and check
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out the link in the description.
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You can go ahead and try trading on the demo
account.
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You don't even need to enter your email address.
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You can trade virtual money on the real market
just within like two clicks.
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So my first trade didn't go through.
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I do see – so what I'm going to do, I'm
going to apply the Martingale strategy, double
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my trade to 1000 bucks and make a trade in
the same direction.
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So why I made this choice, you see how the
lower RSI line was breached here, it means
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that the asset is oversold and the price should
start growing.
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At the same time, the lower Bollinger Band
was breached here.
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So I do have two indicators showing me – and
also, it was the third one is – this is
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basically the support line over here.
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That's why it was obvious that the price should
start going up.
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So we got our $1900 profit.
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Let's see what else we can do here.
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So probably I would switch to like 750 trades
and go for the downwards movement.
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So the overall trend over here, the trend
line is moving down.
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So I do think that this is the point that
I will rely on in this trade.
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So we started with like $4200 I think, now
it's 39, but I have 750 invested in bitcoin;
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the biggest cryptocurrency over there on the
market.
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Okay perfect, $1400 profit and we are in the
money at the $5300 level.
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You can see here all the trades that other
people are making.
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You see somebody does 50 bucks, somebody does
3 bucks and somebody does 1900.
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So here I would switch to 1000 bucks.
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Probably not the best entry point.
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I was trying to catch the moment when the
price is here at the level of the lower Bollinger
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Band.
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So there is a chance that it's not going to
win in this case anyway.
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If during the next 30 seconds it will get
here, I'll just make another additional – I
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would say auxiliary trade.
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Yeah let's make it.
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Alright, so I have 2000 bucks total invested.
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Maybe not the concrete trade, not the 100%
sure, but you see how RSI is showing the upwards
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movement.
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And again here, another indicator, I would
say the support line.
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So both of the trades were made probably somewhere
at the level of the support line.
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So let's see how it's going to end up.
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Five seconds left.
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It's such a close call.
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It can change at any moment.
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Just like that, $3800 profit.
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I got there from 42 at the very beginning
to 71.
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So it’s 3000 bucks of the pure profit, probably
this is the point where I would stop, but
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why not to make one more trade.
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Let’s see how it goes.
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So I do see some new features, heading up
here.
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You can see the other people trading, what
assets they are trading, their gains, how
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many deals, the volumes.
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It gives pretty much a decent picture of what's
happening out there, what people are – the
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ones just like you, what they are doing and
what assets are big right now and bring the
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highest profits.
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Alright perfect.
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Since we are still globally in the downwards
trend, I waited until the moment when we get
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closer to the upper Bollinger Band and I made
the 1000 bucks put trade.
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30 seconds left.
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Looks like we might lose this one but who
knows.
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20 seconds left.
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Yeah, it's a close call again.
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Yeah, not the best entry point.
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You see how it still moves to the upper Bollinger
Band and our trade is at this level.
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Anyway, it looks like we are losing this one,
but what I'm going to do, I will proceed with
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the Martingale strategy.
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I just submitted to 1000 bucks trade.
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This is still going upwards.
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Actually no worries, we have enough time.
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I do believe that this global trend is going
to continue.
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It's going to go down to the support lines.
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17 seconds and it’s getting more and more
reliable.
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Yeah, making trades on the level of the Bollinger
Bands is the high probability strategy to
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be in the money.
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Alright, 3800 bucks.
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So we had two losses during this trading session.
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We started with $4200 and got to almost 8000.
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I think right now it’s a good moment to
stop for today.
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If you enjoyed my trading session, just go
ahead and try it yourself.
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No money investment, really just check out
the link under the video, and go try yourself
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on the demo account on the real market.
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I will see you shortly, later this week.
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Have a good one.
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Bye-bye guys.
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