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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

First, you open a forex trading account with a broker who accepts bitcoins (like AvaTrade, eToro or Liteforex). You then deposit 2 bitcoins from your digital wallet to the forex broker's digital wallet. Assuming the current bitcoin to U.S. dollar rate is 1 bitcoin = $500, your deposit of 2 bitcoins is equal to $1,000. Selling bitcoins online is convenient but much less private than selling bitcoins for cash. Using services like Coinbase or Circle it's possible to sell bitcoins to your bank account (both) or to your credit or debit card (Circle only). Coinbase is available in the United States, most of Europe, Canada, and Singapore.

5 efficient ways to convert your bitcoins into cash. As a form of digital currency, bitcoins exist only electronically – all that you can see is records of transactions between different addresses. The exchange rate depends on the free market dynamic, but you can use the CoinDesk Bitcoin Price Index for reference. You can sell bitcoin on all of the same exchanges and services that you can buy it from. And though the sale transaction may take just a few seconds, it will likely take considerably more time to actually withdraw the proceeds of that sale from your bitcoin wallet into your bank account.

You can however, sell your bitcoins on an exchange or anywhere else and have the money from the sales of the btc sent to your bank account. Banks don't support Bitcoin. You need an exchange, where Bitcoins would be exchanged with fiat currency. Then you withdraw from the exchange account to your bank account. Before you can withdraw, you need to exchange your Bitcoin to your local currency. Once you click on Sell Bitcoin Instantly, your funds will now be in your fiat currency wallet. Finally, to cash out Bitcoin to your bank account, click on your fiat currency wallet (for example EUR/USD/YEN) and click on withdraw!

If you purchased $1,000 worth of bitcoin at a price of $1,000 per, you'd have one bitcoin. As of Thursday, bitcoin's value was just above $16,500, according to CoinDesk. Based on that value, one bitcoin would be worth a little over $16,500 and 1.6 bitcoins would be worth more than $26,400 today.