Are you a crypto swing trader? Then I've got the best trading strategy for the BAT/USD pair!
Even if you're not a crypto trader, you can still benefit from this method to obtain massive profits.
I have personally back tested this process for about 3 months, and it helped me catch the 4% move upwards a few days back.
The strategy is simple, and you'd need to just draw support and resistance.
In fact, if you're using Bitfinex, there's no need to draw anything. Simply use the line that's already drawn for you.
And you watch for bullish engulfment candles. They have been forming like crazy over the last few days.
I have handily highlighted the bullish engulfment candles for those who aren't pro crypto traders.
Basically, it occurs when the candle following another candle is larger in size than the previous and is colored green.
So what you want to do is to buy at the start of those candles IF THEY COINCIDE WITH SUPPORT.
Now I wrote that in caps, because this strategy will fail and you'll lose money if that doesn't occur.
So if you want to follow this strategy, that's the criteria for it.
And that's all you need to do really. The price action will do the rest.
It's a very simple strategy, and it works best now since the market is really ranging.
But please remember that this isn't investment or financial advice. Only you are responsible for what you choose to do with this information. DYOR!