I will be showing you how to make money on Binance with this very easy strategy. Now, without wasting much of your time, you need to have some USDT on your Binance and then you click on the market area.
Navigating the Binance Market Area
So this is the market area on Binance where you can select any crypto you want to trade. So let us trade BTC/USDT. All right, now you can do this on your phone and you still make profit.
Setting Up Your Binance Window for the First Time
- When you come on Binance for the first time, this is exactly how you find your Binance window.
- Just come over to this place written as 4 and click on 4 hours.
- There are lots of people who are making money with their phone trading on Binance.
- That is how you will learn today even as a beginner.
Using the Binger Band Indicator for Profitable Trades
The next step is to click on this um indicator called the Binger band. We talked about Binger band sometime last week but today we’ll be talking about something different. So today I’ll be teaching you another strategy with the Binga band and I’ve made lots of money using this um using this using this indicator with several other platforms and it also works on Binance.
Identifying Shrinking Ballinger Bands for Trading Opportunities
Predicting Price Movements with Ballinger Bands
| Step | Description |
|---|---|
| 1 | Now this strategy says that you simply have to look for the area where the Ballinger band is shrinking. |
| 2 | Now first of all I talked that this is the upper band, this is the middle band, and this is the lower band. |
| 3 | Now you have to find for an area where the uh the band is shrinking. |
| 4 | Okay like this some an area like this you can see the band is shrinking on this area. |
It looks like the whole three band wants to come together at a very close point. That is where you have to look out for and whenever you find things like this it is actually followed by a huge short up or a huge short down. All right so this is exactly what you find is is actually followed by a huge increase in price or a huge decrease in price.
Finding Shrinking Bands: Examples and Analysis
So all we have to do now is to find an area where the uh band is shrinking. Okay so let’s uh let let’s go uh to other areas to look at another example. Now just have a a peep on this example you can find that the band was shrinking on this area and the price um went down you can see.