Long-term crypto investor Jelle who caught the Bitcoin top in 2021 recently provided insights as to the best time to buy and sell crypto assets. Jelle provided a background for his knowledge as he stated these insights helped him sell his Bitcoin holdings at the peak of the <\/span>last bull run<\/span><\/a>.\u00a0<\/span><\/p>\n In a post shared on his X (formerly Twitter) platform, Jelle explained one of the \u201cmost powerful bull market indicators\u201d that could help traders understand the direction of the market. This was based on how to use <\/span>moving averages<\/span><\/a> (MAs) for trade entries and exits. To enter trades, Jelle noted that he usually finds the confluence between MAs and horizontal levels.\u00a0<\/span><\/p>\n The analyst shared a chart to elaborate his point further. According to him, there is usually a good entry when price retests an area that \u201cmakes sense both horizontally, and MA-wise.\u201d This strategy is said to work well in the early stages of the <\/span>bull market<\/span><\/a>. However, he warned that traders will likely have to rely on MAs alone further into the bull market.\u00a0<\/span><\/p>\n<\/p>\n He went on to give an insight into his <\/span>Bitcoin trading strategy<\/span><\/a> in particular. He said he uses the 21-week moving average when trading the flagship cryptocurrency. In relation to the lower timeframes and altcoins, Jelle mentioned that a combination of the 25, 50, and 200 <\/span>Exponential Moving Average<\/span><\/a> (EMA) works well.\u00a0\u00a0<\/span><\/p>\n Jelle also gave insights as to <\/span>how to find trade exits<\/span><\/a>. He noted that selling to MAs works well too and this is preferable when there is a confluence between the MAs and the horizontal levels. He also discovered that this strategy works best in downtrends. However, that was how he exited the Bitcoin market at its peak back in 2021.\u00a0<\/span><\/p>\n As to the best time to use MAs for exits and entries, Jelle stated that it works best when there is a strong trend present. Meanwhile, the strategy is said to be \u201cmuch less accurate in a sideways market.\u201d Although he decided not to go into details, he mentioned that mean reversion strategies are more successful during such conditions.\u00a0<\/span><\/p>\n Generally, Jelle believes MAs are a \u201cgreat indicator in the trading toolbox.\u201d However, he cautioned <\/span>traders<\/span><\/a> not to \u201cblindly trade\u201d when the price reaches an MA. Instead, they should also take a look at how the price reacts to the area. He gave an example of how wicks through an MA can tell one how \u201cit is being respected.\u201d<\/span><\/p>\n Jelle had previously <\/span>given insights<\/span><\/a> as to how to buy the right dips in a bull market. His insights had also bordered on using Moving Averages to achieve this.\u00a0\u00a0<\/span><\/p>\n Featured image from BBVA.ch, chart from Tradingview.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Long-term crypto investor Jelle who caught the Bitcoin top in 2021 recently provided insights as to the best time to buy and sell crypto assets. Jelle provided a background for his knowledge as he stated these insights helped him sell his Bitcoin holdings at the peak of the last bull run.\u00a0 A Powerful Bull Market […]<\/p>\n","protected":false},"author":2,"featured_media":203651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-203650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=203650"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203650\/revisions"}],"predecessor-version":[{"id":203653,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203650\/revisions\/203653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/203651"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Powerful Bull Market Indicator<\/h2>\n
Source: X<\/pre>\n
Finding Trade Exits For Assets Like Bitcoin\u00a0<\/span><\/h2>\n
![\"Bitcoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Bitcoin-buy.png?w=460&resize=460%2C224\")
<\/p>\nSource: X<\/pre>\n
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BTC loses footing above $38,000 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n