The opinions and opinions expressed herein are solely those of the authors / contributors and do not necessarily reflect those of Cointelegraph.com. Every movement of investment and negotiation involves risks; you should conduct your own research by making a decision.

A stellar year for Bitcoin, 2017, opened its trade at $ 966.6 in January 2017. From there, Cryptocurrency launched a rally that took up to $ 395,000. at $ 2,000. Even after the volatility of recent days, Bitcoin has far outpaced all other asset classes.

The big question now to all is: what will happen in 2018 and how to trade Bitcoin?

The experts share their opinion. Aggressive bulls have given targets of over $ 60,000 for 2018. This is an increase of 300% from current levels. On the other hand, skeptics continue to question the assessment of cryptocurrencies.

Also a few are waiting for wild swings in cryptocurrency in 2018. The scandalous prediction of Saxo Bank suggests a maximum of $ 60,000. . Similarly, cryptocurrency entrepreneur Julian Hosp estimates that Bitcoin will drop to $ 5,000, but he tends to think that it will also touch $ 60.00. But it is not sure which level will be reached first.

While predictions offer us different opinions, it is difficult to dismiss them. Thus, we have tried to identify some unique patterns on the charts that repeated in 2017. These can be used as guidelines by traders to develop an appropriate strategy for 2108.

Keep a eye on 50 days Simple Moving Average

In 2017, the 50-day simple moving average (SMA) served as a critical support. As seen in the table, this level has been violated only four times.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/fb58766ce103ae8c5a92154e6f5b6993.png "title =" BTC "/>

In all other cases , the price touched the moving average or plunged below during the intraday, but quickly recovered.Therefore, a buy near the 50-day SMA offers a low-risk buying opportunity.Buy by of the SMA 50 days and keep a stop loss below.This can be one of the tools that can be used in 2018.

200 days EMA decline as an opportunity of entry to long-term

Bitcoin offered low-risk entry opportunities to long-term traders for its 20-fold increase in 2017. It was not traded below the exponential moving average of 200 (EMA) since October 2015, which is essential support

In 2017, every time the cryptomo Nnaie crossed the SMA for 50 days, she got close to the 200-day EMA. n excellent buying opportunity for long term investors. Even next fall, a move near the 200-day EMA should be considered as a buying opportunity.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/b7c60178acd703f87f6b28b58fcd32f9.png "title =" BTC "/>

The price will not be necessarily reached by the 200-day EMA On January 12, for example, it reached a low of about 6.5% compared to the 200-day EMA Similarly, on March 25, it was about 2.5% above the 200-day EMA July 16 – the bottom was 10.7% above the 200-day EMA and finally, the 15 September, the bottom was a little higher at 15% above the 200-day EMA

Although not being perfect, traders can start their purchase at around 15% over the 200-day EMA

How to calculate how much the price is greater than the 200-day EMA price?

Although it does not exist Specific indicator for this, we can use the "Price Oscilla tor "(PPO) by intelligently changing its values. difference between two exponential moving averages. Therefore, if we need to calculate the price from 200 EMA, we can feed the values ​​of 1200, which will give us the desired result.

And if Bitcoin breaks down EMA day?

If the price breaks down the long-term moving average, it's a warning signal that things have changed. This indicates that Bitcoin is entering a long-term downtrend or range-linked action, which will require a different trading strategy.

In commerce, profit is realized by buying and selling at the right time.

Although we have identified a low risk purchase strategy, we have not yet determined the best time to sell. Let's see, if we can identify an approximate place to sell, which will be close to the highs.

Best Place to Sell

There was no indicator that would have given a consistent high sell signal. But it was noted that a simple trend line did the job perfectly.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/1c41c4ae6153526312f8ef19daa0025a.png "title =" BTC "/>

As we ln [39] As we have seen above, even if a break and a fence below the trend line did not make you lose your head, it certainly helped to lock in most of the gains.

Another indicator who could help is ADX.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/a738f957dc205663815f31385d152576.png "title =" BTC "/>

Not only last year, a reading above 60 on the ADX was a good selling point in Bitcoin, as early as 2014. Even in 2017, readings closer to 60 would have helped us sell closer to the top.

How to approach the Bitcoin trade in 2018?

It is easy to identify and adjust indicators and trend lines once the chart has been formed. Doing the same thing with live markets is not an easy task.

These are the diagrams on the maps and indicators that can be used for both entry and exit.

impossible to predict cryptocurrency movements for the whole of next year, as the young is still young to have developed repetitive patterns of price behavior. Try to avoid the long-term prognosis. Good negotiation.