One strategy could be checking for “W” formations or “M” formations on the charts. The “W” formation bulltrend (higher highs and higher lows) to set a buy position. And “M” formations bearishTrend( lower highs and lower lows) for a sell position.
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I have noticed that when BTC starts rising then ETH follows almost instantly but sometimes with delay. So I would like to create something that opens aposition on ETH when BTC is rising rapidly and close the position when the rapid movement stops.
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On high liquidity pairs, such as BTC/USDT or ETH/USDT, and a low time frame of about 5 mins, I would set a buy order once the EMA 10 is higher than the EMA 20 but not at the start, only if it retests the EMA, I don’t know how this would be coded. Then create a stop loss on the previous low and a sell order once the 2 EMAs cross again.
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So this is my long term strategy, I’m not exactly sure how this would work but I like to keep things very basic I guess lol. So I would use the MACD, RSI and MA indicators to determine the trend and its momentum in direction and then base off that use the OBV indicator to help me determine if the price is potential at its ceiling or hitting its bottom. Once I have that information I would then move on to creating support and resistance level lines and create a stop loss order to mitigate risk and a take profit order to ensure my profits no matter whether I’m going long or short , selling or buying . The purpose of the strategy is to be a long term growth strategy where I try to mitigate as much risk as possible but slowly make gains that pile up overtime. I intend this strategy to be more reaction base than just speculating on where the price might go . That’s it lol
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Bitcoin price is nearing the $30k USD!
At $29437 there was a double cross over in MACD and Stochastic indicators on the 5 minute timescale, followed by an increase in volume 40 minutes later at $29500.
I would open a long position with a 3:1 ratio. Stop loss at -0.38% and take profit at +1.14%.
I would also keep looking to potentially open another trade if BTC surpasses $30k, there would be a psychological barrier broken and more potential upside. I would be looking for increased volume at the $30k level to confirm breakout.
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15 min chart
MACD - default settings
MA 50 - trend indicator
Entry points: buy when MACD crosses above signal line and and sell when MACD crosses below signal line.
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GEMINI:BTCUSD 15m chart
Buy RSI: 29.90
Sell RSI: 74
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Long $ETH from $1000 at 17:35 UTC. Seems to be forming into a triangle over the last 24 hrs. Stop placed at 950 which is about $10 below the resistance line of $960.
Would start with a small position and see which way out of the triangle it breaks. Hard to gauge if it is a patten especially given the crazy rise it has just seen
RSI is at 54 so hard to gauge true sentiment but it is down from over 90 early in the week
50 day moving average is far above 200 day.
Edit: perhaps even enter at a lower position $965/$970
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I respect everything you guys do for us, I’m just running through this course, and my idea is to buy and hodl for long term not constantly looking for gaps and cma…
I understand buying low or at support levels and selling high or near resistance levels but I’m not doing it…
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Possible stupid idea. Invest in some of the worthless Bitcoin clones. Wait till they pump during bull market and sell them for real BTC.
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Not entirely sure if this is considered a real trading strategy and please correct me if I am using the OBV indicator wrong or if I am completely off.
I would put a long position on $zec (and hodl for a mid/long term) as this chart shows that the price has gone down -50% since the 8th of May 2017 while the OBV has gone up more than 3x. Also taking into consideration that the zcash first halving was a few months back and stock2flow might come into play later this year, especially if there is still high volume.
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I looked at the binance futures ETHUSDT 15 minute chart and I see following opportunity.
- after an uptrend of at least 3.5 % in maximum 45 minutes
- and 2 consecutively upper wicks of at least 0.5 %
-> the price falls most likely at least 2 % from the open of the next candle in the next 2 hours
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As new to the topic I would start with simple strategy just to buy at support, sell at resistance level.
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Very new to this; When the moving average goes below 30 with bitcoin, set a take profit trade at $42 and buy at the dip.
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Trading ETH with BTC as the precursor of a small number of candles.
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A basic example would be that ETH is in a dip right now, so one could theoretically buy the dip now and then either HODL or sell when at a level of resistance is hit for a profit.
I used BTCEUR chart, because currency in my country is Euros. With my knowledge so far, I would use RSI indicator with length 8. I would sell where are the red circles and buy where are the blue circles. RSI line almost always (as far I have noticed, but I am new in this) makes this M patern above 70 and V pattern below 30. So I would always sell when the right leg from letter M is close to 70 and buy when the right hand of V close to 20. See the red and blue circles in the chart. I am currently hodling BTC and too afraid to sell, but I use this strategy with some alts and it work for me.
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When BTC price touches the lower band (blue colour) of the Stock to Flow model by Plan B, buy and hold for life and/or open a long position with certain leverage! A stronger buy signal if the RSI is around 30, similar to March 2020.
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MY idea is too look for bullish patterns on shorter time frames and trade within that. so i took a project i like SOL and usdt pair and look at historical patterns and volumes… from there i checked latest move sol made and ran fib retrace to find potential breakout… so far its been an amazing real trade. filip, you are making me always look at any trade far deeper now… using vol and patterns to map out potential roi.
https://www.tradingview.com/x/kafpGXZ2/ here is two hour chart. i do not have stop loss set. this is a longer trade… so far you can see roi… i have taken 20% profit out of trade so far… daily shows sol btc has much more upside potential too. watching volume closely… also I am addicted to finding trendlines and respect their shifts or breaks. as well as ichimoku cloud. i want price above cloud and top of cloud rising with price… daily or 6 hour chart used… 4hr guppy turned bullish also to me. https://www.tradingview.com/x/Y7A21Vdh/
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