Don’t really have a clear strategy yet. I’m thinking of trying to break it down into logical areas: like using the RSI for indicating “isOverbought” “isOversold”, and maybe the MACD for trend: “isConverging” “isDiverging”, then grab a couple of price points to see which way the price is going.
Then have some basic logic like “isOverbought” = true and “isConverging” = true and the price direction is going up, sell any long positions. Opposite on the other side…
trading strategy idea is to enter pattern from a horizontal ceiling
yet only upon a breakout confirmation, say if possible, after one bounce off this resistance level now as floor ( on this same timeframe, unless a algorithm can request a bounce confirmation thru data rec’d from a lower zoom level timeframe?)
or
to rather execute the buy order, without a bounce, yet upon passing into a % threshold of the total expected move expected
and finally
to take some specific pre determined profits on the way up at predetermined levels where possible
Buy slowly when down, wait until you reach a higher position and take some and also on the way down.
Found a long term strategy on the weekly bitcoin chart using the 21-MA
-If the full body of the last candle (both open and close) is above the 21 week MA initiate a buy order.
-If the full body of the last candle (both open and close) is above the 21 week MA initiate a sell order.
Looking at bitcoin’s history from 2013 onwards I got the following results:
This would translate to approximately 369$ for every dollar invested on 23-8-13.
Hodling bitcoin during the same timeframe would equal to about the same return, this is probably due to the steep downward trend when the bull markets end. So in order to turn it into a usable strategy that outweighs a simple hodl portfolio it would need data from different indicators signalling the peak areas of a bull market.
Oh boy, here we go. With regards to BTCUSD, when the volume reaches 2 and RSI < 30 buy, after 3 days and RSI >70 sell.
Bitcoin price just broke the 50000 usd level resistance I placed an order at 51000 usd with an stop loss at around 49500 In case of a retracement with a take profit a little bit lower than the next fib level that is around 62000 usd! If the price goes higher Ill adjust my stop loss in a higher price to avoid any lost or even keep always in profit!
I’m thinking of starting with the simple (classic) idea of EMAs crossing. Looking at Bitcoin hourly during recent months, my idea is to look at EMA8 and EMA13.
When EMA8 goes above EMA13: Buy/long
When EMA8 goes below EMA13: Sell/short
Maybe the accuracy could be improved by factoring in volume for example. Or factor in the longer term trend - be more aggressive with buys when say weekly trend is up. To be explored.
Last year of a bull cycle…historically speaking…so we have BTC at ATH. ETH too. I watch the charts, buy the BTC dips. All funds/profits going into BTC, ETH and ADA longs. Ultimately, all roads lead to BTC. Just my opinion. Also, Defi, Defi Defi. Any AMM, DEX, insurance, synthetics, etc are hot right now. And all strong chain projects, 2nd, 3rd,etc.
This is a strategy that I just thought about it and confirmed in a one year period with a 4 hr candles Trading View in the LINK/USDT pair it is simple but God it works! obviously I haven’t tested in a bear cycle.
Using the 10 day Moving average.Buy when price crosses up and sell when price crosses down the moving average line
I’m looking at the BCHUSD chart. I think I will look for crossovers on the 2 MACD timeframes (50 and 100 day) and see where it matches with high/low levels on the RSI (+70/40).
Looking at the ETHUSD for a Buy opportunity, thanks to Mr. Bailey I would play with this.
Bollinger band at 1min, 10 period, length at 600, dev at 2 to help determine possible trend and entry point.
Along with RSI at 15min, 14 period to clearly confirm the oversold or overbought signals.
At the moment I have this side strategy, to wait for the peak, short it good on solid coins , sell most on top of bounce (if it happens) and short again if bear market is confirmed and not just a big retracement like yesterday.
What you thinking of this?
RSI Indicator on 15 m increments
And
ADX (14, 20) to see if there is a trend
My basic, newbie idea is this: If the price has been trading sideways in range for a certain number of candles, and then it breaks upwards out of the range, buy and try to ride it up, setting a stop loss perhaps in the middle of the sideways range, then moving the stop upwards as the price, hopefully goes higher. The problem I think is that if the stop keeps following too tight, it could get hit quite easily, and if it is too wide, a lot of profit could be left on the table, so perhaps a take profit target should also be in place.
INPUTS: 3 indicators; my pick – RSI (14), CCI (20), Stoch RSI (3 3 14 14).
IDEA: if, at least 2 of the 3 indicators are reaching critical values in either Bullish/Bearish chart segment – a moment to consider Buy/Sell trade entry.
STRATEGY:
LONG = RSI (14) <=30 + CCI (20) <= - 100 OR Stoch RSI (3 3 14 14)<=20 + RSI (14) <=30 OR CCI (20) <= - 100 + Stoch RSI (3 3 14 14)<=20
SHORT = RSI (14) >=70 + CCI (20) >= 100 OR Stoch RSI (3 3 14 14)>=80 + RSI (14)>=70 OR CCI (20)>= 100 + Stoch RSI (3 3 14 14)>=80
Distinct bullish/bearish candle shape would add more power to decision to enter a trade. RSI MA may also be of help to identify the stage of a cycle.
As i am a newbie at crypto trading and i just started to learn how exactly it works, i have a very simple idea given the current circumstances on the market… Buying the dip in projects that in my opinion their price is much lower than it should be.
Firstly do not act on ideas generated on your mobile. Plot your ideas on a computer so you can see fully what you are creating.
buy at support and sell at rezistence
Simple combination of MACD and RSI.
When there is a strong move of MACD curve from positive to negative, combined with RSI curve move from above 70 to below, make short position.
When there is a strong move of MACD curve from negative to positive, combined with RSI curve move from below 30 to above, make long position.
