Trading is an active game, and BitBoy has revealed an incredible way to use Market Cipher to get big gains on the market.
Ben says a lot of people get too emotionally attached when they trade low time frames like 15 mins candlesticks, staring at the charts looking to get out of trades to maximize gains and reduce chances of getting liquidated.
He reveals he uses the Market Cipher technical indicator available on TradingView once connected to identify best time to make an entry on 1-hour time frame candlesticks. He says he observes green dots at the bottom of the Market Cipher waves, it’s the main thing he looks for and it is a perfect entry for trades. Examples in the video include Bitcoin price popping between 7-8% in a few hours at every significant green dot at the bottom of the waves.
Ben says users can set alerts on Market Cipher to notify them on specified time frame candlesticks when the green dot at the bottom of the technical indicator waves is observed. So they do not have to stare at the charts waiting for entries. Alerts can be received via the TradingView app or through emails.
Find out more about Market Cipher
This episode premiered on March 13th, 2021.