My strategy would be to use the Divergence Indicator short DNT on coinbase whenever the indicator crosses above 78. Using the 1min candles to achieve this and setting a stop loss at 1% and take profit at 2.5%. A win rate of 28.5% would be the break even point.
2 Likes
I look for double bottom to long and double top to short.+ if RSI has gone below 50 and then flipped back to up trent, its a buy signal.
1 Like
Buy the dip generally.
1 Like
Detecting flag patterns in candles movement in combination with RSI and On Volume indicators in order to anticipate trend direction.
I would use the 1 minute chart and every time the VWAP and every time it crosses the zero line upwards, I would go long and close the trade when the VWAP crosses the line downwards and at the same time open then short.
2 Likes
My idea is doing fractional purchase. Take a range based on support and resistance lines or maybe fibonacci lines and put buy and sell orders automatically between the range. When one of the buy orders is fulfilled an sell order is make automatically above the buy order and the inverse for the sell orders.
1 Like
I am not much of a trader, more a buy and hold type but I definitely see patterns and trading opportunities when looking at BTC trading pairs and measuring those altcoins against their BTC value (if your goal is to accumulate more BTC).
Many altcoins have periods where their BTC value has had large increases and then large retracements against itās BTC value. One idea that comes to mind is using the RSI over a weekly timeframe to sell back and forth between the pairs.
Looking at the ETH/BTC pair on the weekly, a strategy may be to sell ETH to BTC when its RSI reaches 80 and then trade back from BTC into ETH when its RSI reaches 30. Not sure if this would continue to work as BTC dominance continues to fall in a bull market or how it would work during a future bear market cycle. I also have no idea if a trading bot can even be set up in a way to execute a transaction based on an RSI number over a certain timeframe.
2 Likes
I really like the RSI and MACD indicators. Using this on a month chart will be good for me. I am a swing trader. My hope is to use these to become a more effective trader and make some informed, due diligence-based decisions.
1 Like
On a short TF maybe 1/5 min, identify an uptrend by checking previous highs and lows and put in a long position. Take profit/short when the trend changes to a down trend by checking for lower highs and lows.
looking at ethereum on the monthly and weekly timeframes i can see the RSI is extended nicely into the overbought zone. This is at the same time that ethereum has reached a new all time high of 3501 approximately. i see this as a signal for a pullback into a previous support on a lower timeframe like the daily. i see a nice support area around 2500 where ethereum may pull back into before continuing up.
1 Like
Using the MA and RSI. to trigger buy and sell signals.
1 Like
The first aspect of my trading strategy is to set personal boundaries. Iāve been in crypto for less than a year so all I know is the BTC halving and the bull run. In addition, Iāve been trading for less than 3 months As Such, A) Iāll learn to Long before Iāll learn to Short B) Iāll generally not short during a bull run, and C) for now, Iām only trading BTCUSD.
My plan today (05 May 2021) was to:
- wait for BTC to cross above a fairly strong line of support/resistance that I found which is at the $54500ish
- Wait for conformation that this crossing has become support, I do this on the 4 hour also
- After conformation I check the MACD for a bullish cross on the 4hour and the RSI upward oscillation across the 50 on the 4hour.
- I then put in a short with a 5% stop loss and target at the next major resistance line, which I found to be around the 57600 and the 0.618 on the Fib retracement which is around 58000.
I then follow along on the 5 min and the hourly. - Try to repeat this strategy if possible a few times during the day at different support/resistance levels.
1 Like
Buy 10% in acummulation periods . Buy 20% when is 30% Low and sell when is 80% high.
1 Like
My trading idea is generally waiting for a breakout on triangle patterns that have good structure and have multiple touch points. I then wait for confirmation of resistance turning into support and wait till the price bounces back past the original breakout with high volume confirming the move. Doesnāt earn you as much as trading the breakout but you donāt get caught in as many fake outs either.
2 Likes
iĀ“ve experienced over months price drops happening more frequently on tuesday night/wednesday and sunday night/monday morning. so the idea would be to use weekly support/resistance and sell on certain days. this means go shopping on sunday/monday morning and sell tuesday night/wednesday or on friday.
1 Like
My initial strategy idea is to focus more on volume than price action. Price movement (+/-) appears somewhat related to volume as well as continuous abnormal (or new normal) volume seems to support trends.
Volume, I believe, is more closely linked to trading behavior, psychology, and momentum than price. Price is a consequence of volume.
I suppose this is a bit incomplete, knowing a big candle is about to happen is only half of the equation. More ideation is necessary to take a swing at which way the candle will grow.
3 Likes
- 1 Go long when the RSI is around 30 - Bollinger Bands are contracting - order books look like there is buying demand and there is sufficient volume in the upside breakout
- 2 Short when the RSI is around 70 or higher - Bollinger Bands are contracting - order books look like there is selling pressure and there is good volume in the downwards movement.
- 3 I looked at some death- and golden crosses recently and they look like good trade signals with very large movements after they happen. So that could be an additional stategy.
1 Like
hack elon muskĀ“s twitter account.
buy a small coin.
tweet about it.
repeat.
5 Likes
For me as a newb the most easy way is to monitor the RSI indicator: to go long if RSI < 30 and short if RSI > 70. It is important to set stop loss 5% below the entry point.
1 Like
Idea:
Set a trading stop/loss right above the $30,000 mark, the 2021 support level.
1 Like