Darvas Box Bitcoin Analysis & Darvas Box Trading Signals
Developed by Nicolas Darvas
Nicolas Darvas is a famous trader who made 2 million dollars trading the stocks market. Darvas started with an account of 10,000 dollars and made a profit of over 2 million dollars.
This is one of the trading techniques which Darvas combined to form his stocks cryptocurrency trading system. Along with this technique he made accurate trading decisions.
Darvas Box
Bitcoin Analysis & Generating Trading Signals
This technique is used to generate bitcoin signals based on a simple breakout strategy of the Darvas Box lines.
Bullish Trading Signal
If the bitcoin price on a cryptocurrency chart breaks out at the top box line , then this is a bullish signal
Bearish Trading Signal
If the bitcoin price on a cryptocurrency chart breaks out to the lower line, then this is a bearish trading signal.
The example illustrated below shows a bearish signal generated from the Darvas Box Technical Indicator.
Breakout - Bearish Signal