Bitcoin day trading strategies reddit

Apr 14,  · The best Bitcoin trading strategy is an 85% price action strategy and a 15% cryptocurrency trading strategy that uses an indicator/5(48). Day trading works, and TA is a valuable tool, it bothers me to no end people immediately dismiss it and state its people drawing lines on a chart. Its much more than that, its using the RSI the MACD, resistance points to identify possible trends and entry points, and possible exit points. Dec 14,  · Bitcoin day trading strategies reddit singaporeThe users have had a great experience using the app and if you visit google play store you will get to hear bitcoin day trading strategies reddit Singapore hundreds of positive things about it.

Bitcoin day trading strategies reddit

The Best Bitcoin Trading Strategy - 5 Easy Steps to Profit

The same is true in reverse if Bitcoin was trading down and at the same time the OBV was trading up. What we really want to see is the OBV moving in the same direction as the Bitcoin price. In this regard, our team at Trading Strategy Guides uses the OBV indicator with other supporting evidence to sustain our trades and gain more confirmation. The next step comes from the Ethereum trading strategy which will be used to identify Bitcoin trades.

Now, before we go any further, we always recommend taking a piece of paper and a pen and note down the rules of the best Bitcoin trading strategy. Your chart setup should basically have 3 windows. One for the Bitcoin chart and the second one for the Ethereum chart. Last but not least, make one window for the OVB indicator.

If you followed our cryptocurrency trading strategy guidelines, your chart should look the same as in the figure above. Simply put, we are going to look after price divergence between Bitcoin price and Ethereum. Smart money divergence happens when one cryptocurrency fails to confirm the action of the other cryptocurrency.

For example, if Ethereum price breaks above an important resistance or a swing high and Bitcoin fails to do the same, we have smart money divergence. And the Ethereum trading strategy as well.

In the above figure, we can notice that Bitcoin's price fails to break above resistance while Ethereum's price broke above and made a new high. This is the first sign that the best Bitcoin trading strategy is about to signal a trade. The same principles have been true for all the other major asset classes for decades. Before buying, we need confirmation from the OBV indicator.

This brings us to the next step of the best Bitcoin trading strategy. If Bitcoin is lagging behind the Ethereum price it means that sooner or later Bitcoin should follow Ethereum and break above the resistance. Simply put, the OBV is a remarkable technical indicator.

It can show us if the real money is really buying Bitcoin or if they are selling. What we want to see when Bitcoin is failing to break above a resistance level or a swing high, and the Ethereum already broke, is for the OBV to increase in the direction of the trend.

We also want it to move beyond the level it was when Bitcoin was trading previously at this resistance level see figure below.

Here is how to identify the right swing to boost your profit. Now, all it remains for us to do is to place our buy limit order, which brings us to the next step of the best Bitcoin trading strategy. Once the OBV indicator gives us the green signal, all we have to do is to place a buy limit order.

Place the order at the resistance level in anticipation of the possible breakout. After all, we told you the OBV is an amazing indicator. Now, all we need to establish is where to place our protective stop loss and when to take profits for the best Bitcoin trading strategy. Placing the stop loss below the breakout candle is a smart way to trade. When it comes to our take profit, usually an OBV reading above , is an extreme reading that signals at least a pause in the trend.

This is where we want to take profits. In the figure below, you can see an actual SELL trade example, using the best Bitcoin trading strategy.

While bitcoin day trading does have some risks, there are many ways these risks can be reduced. Here are some of the top ways to enhance your Bitcoin trading strategy. Maybe one day our fiat money system will go under and be completely replaced by cryptocurrencies.

However, as long as there are still profits to be made from Forex currency trading we encourage you to read our receipt for Forex trading success: How to Make Money Trading — 2 Keys to Success. We hope that The Best Bitcoin Trading Strategy — has shed some light on how you can use the same technical analysis tools that you use for trading the Forex currency market to now trade the cryptocurrencies.

Ready to get started? Tap here now to get the E-Book Completely Free! Please Share this Trading Strategy Below and keep it for your own personal use! Thanks, Traders!

We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more. Our mission is to address the lack of good information for market traders and to simplify trading education by giving readers a detailed plan with step-by-step rules to follow. We want to share with you some important information about Trading Strategy Guides as we move forward to our goal to help 1,, Traders find a strategy that suites them best.

We want you to fully understand who we are as a Trading Educational Website We will send out many free trading strategies for you to learn and apply to your trading system right away Our team gathers a vast amount of information and comes up with some of the simplest and easiest trading strategies to follow each week.

We are highly motivated to do this for you because we love helping people succeed who are serious about trading. Our Goals. The crypto Market is the highest market now. You can be part of the people who are earning a living through trading cryptos. With just half a bitcoin, you can make up to 3 bitcoins in a week.

Contact me via kramerp04 gmail. If you want to buy more bitcoins up to 0. Forex Trading for Beginners. Shooting Star Candle Strategy. Swing Trading Strategies That Work.

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. Info tradingstrategyguides. Facebook Twitter Youtube Instagram. How to Start Trading Bitcoin: The first thing you need to get started trading bitcoin is to open a bitcoin wallet.

Available in the United States, Canada, and the majority of countries in Europe. Offers several payment options. Binance is the second-largest exchange that trades over different currencies. Has low transaction fees 0.

Bitmex is the third-largest exchange and only trades BTC. Great for short selling and margin trades. Bittrex is a US-based exchange founded by ex-Microsoft security professionals. OKEx is a Hong Kong-based exchange. Trades over different cryptocurrencies. Coinmama - allows you to buy and sell easily. Accepts credit cards and has a large global reach. How to Day Trade Bitcoin While long term traders prefer to hold their bitcoin positions for extended periods of time, day traders have discovered that Bitcoin is lucrative for many reasons: Crypto trading is more volatile than stock trading.

Bitcoin is traded 24 hours per day 7 days a week. Bitcoin allows for big trades with low overhead. Bitcoin is the most liquid form of cryptocurrency. Multiple trading opportunities emerge within a 24 hour period. The Best Bitcoin Trading Strategy — 5 Easy Steps to Profit This is a cryptocurrency trading strategy that can be used to trade all the important cryptocurrencies.

Now… Before we move forward, we must define the mysterious technical indicator. You'll need this for the best Bitcoin trading strategy and how to use it: The only indicator you need is the: On Balance Volume OBV : This is one of the best indicators for day trading bitcoin. What do we mean by this? Step 3: Look for the OVB to increase in the direction of the trend.

But, how do we know that? Step 4: Place A Buy Limit Order at the resistance level in an attempt to catch the possible breakout. Ways to Enhance This Bitcoin Day Trading Strategy While bitcoin day trading does have some risks, there are many ways these risks can be reduced. Remember to: Diversify your trades. Combining Bitcoin, Ripple, Litecoin, Ethereum, and other cryptocurrencies will help reduce the daily risk associated with a specific coin.

Minimize trading costs. Opening multiple positions every day affects your daily ROI. To minimize the cost of trading, choose a trustworthy exchange that has low fees.

Bitcoin volume by country. The system promises We like BOTS because they are transparent; each day, you can actually watch them executing bitcoin day trading strategies reddit Singapore their trades what is bitcoin currently trading right now India completely live. Binaries can be traded on forex during these times. Fonner worked at RenaissanceRe Holdings Ltd in Bermuda where he served for bitcoin day trading strategies reddit Singapore over 15 years in treasury, investment and risk roles, including as Treasurer and Chief Investment Officer.

Our Members Say BOW staff does a great job of keeping their business professional, but also fun to be a part of. In the US, binaries are available via Nadex , and perfectly legal. You can learn more about him on the bitcoin day trading strategies reddit Singapore About Page , or on his personal site RobertFarrington. Read Full CryptoHopper Review 4. PPF Calculator. The undeniable advantage of automated trading is that a robot is bitcoin day trading strategies reddit Singapore not prone to emotion.

Having said that, you should be at least ready to make your first simple trade. Transaction speed, low fees, value increases, and other factors have persuaded people from around the world to make Bitcoin one of their primary modes of exchange.

The Best Bitcoin Trading Strategy - 5 Simple Steps (Updated) Want to add to the discussion?

Day trading can be profitable but only if you're better than the average trader and good at managing risk. It's stressful though and I wouldn't recommend it. Better imo is to trade the more longer term swings in the market which are easier to predict and don't cause as much stress. Dec 14,  · Bitcoin day trading strategies reddit singaporeThe users have had a great experience using the app and if you visit google play store you will get to hear bitcoin day trading strategies reddit Singapore hundreds of positive things about it. Day trading works, and TA is a valuable tool, it bothers me to no end people immediately dismiss it and state its people drawing lines on a chart. Its much more than that, its using the RSI the MACD, resistance points to identify possible trends and entry points, and possible exit points. Tags:Robot trading bitcoin, Btc peak market cap, Forum trading bitcoin indonesia, How to deposit bitcoin into kraken, Bitcoin market cap country

1 thoughts on “Bitcoin day trading strategies reddit

  • 08.07.2020 at 20:36
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