I find Graph $GRT can be good for swing trading as it goes through a lot of movement. For example trade with $2,000. Enter at $0.75 and take profits at $0.82. When it retraces to $0.77 enter new trade with the prior profit and take profits at $0.84. Use the RSI indicator to track when over bought/over sold. I have used this strategy in the past with a swing high/low of $0.10 to $0.20 when $GRT has been pumping. Now I’m just HODL it.
Although not a short term (day) trader at all, it might be my beginners idea to follow the MACD and buy/sell when it coresses the line. This with the use of stop loss / take profit, to close the trades.
Not very sophisticated, I know, but, still learning
My Idea is for a coin known as CXC. In the last three months it has followed a very similar pattern where it has been at a very low market price and then shot up almost instantly to a very high price. The idea is to buy at the low and sell at the high. When the cycle comes round again buy at low and sale high. What seems to be consistent when it goes high it stays stable for a few days then it drops very low for a short period of time then it shots up again.
So i would use MACD indicator in a XMR/USD daily chart and i would buy when the fast line crosses through and above the slow line and sell when the fast line crosses through and below the slow line.
I know that this is just a basic way to trade so you are always welcomed to comment here for some good advice I think im gonna make a pause with this course right now and im gonna start TA course and finish that and then im gonna come back to this course.
Thats a good plan
My idea will be to buy when the 50 -day Moving average crosses above the 200-day and sell when the.opposite is the case.
I would look for any crypto that was in the accumulation phase. Although Bitcoin mainly controls the market trends, there are other coins that move in cycles that are similar but about 2 or 3 months behind. I would look for coins that had not had much volume and were well below their ATH. I would then start watching for the volume to rise and see an increase in the price. Maybe a 7-10% increase and then follow the rules that would come during a distribution phase. During this phase there are 3 or 4 extremely profitable Long positions, and 2 or 3 great Short positions. Especially the Short at the top of the chart when there is a blow off top. You could potentially make more on that position than the entire rest of the trade strategy. I think you could do it with lots of different coins, especially with all of the coins that get hyped, and marketed the most.
What did you do on May 19, 2021?
Hi there,
Short answer, nothing. I started trading like all newbies and ignored advice from the experts. 20x to 25x. I got liquidated out about 3 time before i adjusted. Because im still not convinced we’re in a bear market I’m not shorting. Besides, shorting requires a little more TA skill in my opinion. By May 10 i was using 3x to 5x leverage on my longs. I lost 3x in a row and decided to sit on the side lines
I noticed that an increasing number of traders were getting liquidated and also that excessive leverage trading was one of the primary causes for the extreme volatility.
Ive since taken a break from trading and plan to get back in once the fud dies off and either the bear or bull market is clearly identified.
How about you? Did you manage to survive?
Using the MACD trend lines set to 200 days and 50 days, buy when the 50 day trend line moves above the 200 day trend line and sell when the 50 day trend line crosses below the 200 day trend line.
I did survive…just barely, though. I too am a newbie. I started buying crypto the last week of Dec 2020. I got an understanding of how to buy and hold for awhile and then to sell it, sometimes. As I got better, then I watched trading videos, and using leverage. I thought “Wow, this is the way to go” But I didn’t know that I could do less leverage than 20X. LOL!!! The problem was that I won on a few trades right at first, and thought that I had it figured out. I got liquidated out of 2 trades, that I changed from shorts to longs, because I watched a video, that convinced me that I was wrong. And it was all downhill from there. I got my margin account liquidated. I had only borrowed 45% of the funds. When it was all said and done it went from $3800 to $247. And it was then, that I knew I had to enroll in this academy. I’m the personality that is all in, no matter the stakes. So, I’m taking my education to the next level, and beyond.
Using Vwap indicator as support and resistance, I buy when the price closes above the Vwap indicator and go short when price closes below the Vwap indicator.
ADA/BUSD
This is the yearly chart with 4h candles. Very quickly I noticed a few significant pumps followed by a descending curve. Even the latest big correction we had has followed this pattern to a certain degree.
Basically, the price pumps around 40% on average and then starts slowly falling again. I noticed that all of those curves have three significant lows before they pump again. As in the second and third examples, a slight consolidation period is possible between the last low and the next pump. In all four cases did the price not go below the third low point, marking a good entry point.
For a potential ADA/BUSD this would mean:
Entry: 1.35-1.5
TP: 1.89 (+40% von 1.35)
Stop Loss: 1.347 (third low of the last formation)
One strategy could be if MACD is above zero buy when close is over MA 20 then if MACD is below zero short when close is below MA 20
Unpopular bearish idea on the eth weekly chart- If ETH breaks 50EMA, the next support may be at levels under $1,000, near the 99EMA. If you’re long eth like I am, DCA limit orders all the way down for exclusive, once in a lifetime sale prices. See you at $10k.
TIME FRAME: 5min
INDICATORS:
MTF EMA 15min 50 period
MTF EMA 1hr 50 period
MACD (regular settings)
LONG conditions:
- 15min OVER 1hr
- MACD lines BELOW zero point on histogram
- Lower low on the price action, but at the same time a Higher low on the MACD lines
- Needs a gap(going from red to green then back to red) within the divergence on the histogram
- MACD lines can not touch zero point during the divergence
SHORT conditions:
- 15min UNDER 1hr
- MACD lines ABOVE zero point on histogram
- Higher high on the price action, but at the same time a Lower high on MACD lines
- Needs a gap(going from green to red then back to green) within the divergence on the histogram
- MACD lines can not touch zero point during the divergence
RISK MANAGEMENT:
- SHORT: Put a stop loss a couple lines above the local top, then target two times the risk to take profit
- LONG: Put a stop loss a couple lines below the local bottom, then target two times the risk to take profit
Idea:
- ETHBUSD
- Timeframe = 1D
- R:R = 1:1.5
- % Risk = 2.5%
- TP = 2950 , SL = 1900, Entry = 2320
Ethereum is now consolidating between 1840-2900, short term bullish trade idea to trade upside move to top of range. TP and SL
Identified a resistance range, where the asset breaks through after hitting it a few times, then falls. Eventually it uses that same level as support and pumps upward. Will enter a long position next time when the breakout is confirmed by the support.
Long positions: For a diversified crypto portfolio based on fundamental analysis.
- Determine a year+ trend for all your currencies.
- Draw trend and horizon lines on their charts to determine resistance and support.
- Apply Bollinger band with 3 std. deviation and match lower band break-outs with support on trend lines when price is low to determine buy opportunity.
- Check in with MACD and RSI to check if the trend is what you expect it to be.
- Check the market sentiment for fear, you need market fear for prices to be low.
- Use on chain data to determine buying behavior of whales.
- Never use more than 50% of your liquidity to buy in.
- If somehow the price drops even further, you can always buy more dip.
- If the price will rise, you can take profit.
- Price can go up or down, you will be happy either way, be grateful not greedy.
I will attach below my bitcoin trading idea for one week ,we are in a falling wedge pattern, which should break upwards.