When I talk about something simple with my kids, I use the phrase: “It’s not rocket science.”
They’ve recently become interested in learning about trading cryptocurrency. Because of its high volatility, sometimes it feels like trading crypto is rocket science. Prices bounce all over the place … sometimes for no reason at all.
In April, the price of bitcoin reached $63,446 per coin. Three months later, the price dropped to $29,767 — a 53% drop in a short amount of time. Two months after that, the price rebounded to $52,641 — up 77% from that July low.
In my research, I found a value indicator that can help crypto traders find the best times to buy and sell coins.
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