New idea:
I would like to keep is simple and use the moving averages.
Buy on a positive crossing of MA (6 days) on the MA (24 days), sell on the first cross over.
Why 6 and 24: because I want to be a bit sooner than the average - I pressume that normally the MA 7 and 25 will be used.
Idea (donât know how to put that into real practice): recognizing the trend and momentum with the aid of oscillators and:
1 put on the screen clear sign alert related to when and where to buy long or short (see arrows)
or
2 (alternatively): buy in the right moment (see arrows) long or short automatically putting the stop/loss in the safest positions.
My idea is with ETH/USD pair on Bitfinex, on 1D time period. Thereâs a bear flag pattern with a flat bottom and descending top. In the last week there was a piercing through the bear flag top and pulling back down. Stochastic RSI (with averaging to smooth movements and reduce spurious indications) shows price may be in a small term uptrend with slowing momentum that might turn at the common 50% pivot for trends that continue; both fast/slow line would need to be up <70% to be stronger uptrend indication. The OBV shows a downtrend that is matching the mid/long term price trend and in the last few weeks appears to be raning a little, though still reaching down lower indicating the market is pushing down and we may expect to see ETH/USD price drop down towards $100 support level.
I would short the asset at this point and (before having done full risk assesment on my assets) would do so with stop loss at $260, exit target at $110 in case it doesnât bounce clean off my desired $100 target. Just about a 5:1 Reward/Risk ratio.
Bitcoin Trading view Chart July 13, 2020
Top horizontal line has a touch on May 8, 2020 & June 5, 2020
The lower triangle line has a touch on may 8, 2020 & July 9, 2020
The two lines come to a point (intersect) on Oct 8, 2020 at the price of $9946
The current price is $9238
Buy at $9238
Sell at $9846 - this price is $100 below $9946 when the triangle intersects on Oct 8, 2020
Place stop lose at $8870 which is $50 below the lower triangle line today (July 13, 2020)
maximum possible loss: $368
Profit target gain: $608
https://www.tradingview.com/chart/BTCUSD/JoNzJtWX-Bitcoin-Chart/ << Click for Chart
- Filter coin listing > than 180 days
- Filter market cap > $10 B
- Filter coins with active commits within 6 months
- 50 EMA crossed over the 200 EMA and 50 is trending up
- Stochastic 14k crossing above the 20% and over the 7D
- MACD shrinking divergence
- Trailing stop based on position size and previous support level.
Buy BTC at $9k, sell at 9.7k, exit strategy (if price goes above/below 10.43k/8k) or (RSI goes above/below 70/30). Add relevant stop loss.
https://www.tradingview.com/x/LSj5i5MU/
ETH USD long position
open @ $236.81
set stop loss@ $234.50
take profit @$241.74
2% increase
Because I have very little experience I would try to find support and resistance levels that could indicate in what range the price appears to be moveing. After that i guess it would be smart to try out different tradeing tools and testing them on different time frames in order to get to know what workes for me.
The trading strategy I seen in BTC when looking at the 7 or 14 day chart is funny enough. The bart simpson that philip was talking about in the prior segment. It is looking pretty consistent. once it shoots up. wait for a bit of a consolidation, sell some BTC. then put a buy order in 5% above where it shot up from.
Vegas line theory using EMA 149 and 169 on the 4hr. Short or long based on price action being above or below the channel. Only enter a position after one full candle has been printed below or above the two EMAâs.
- Idea
go long in BTC & ETH - both NOT at the historical highest point again, so I see lots of potential and a bullish environment (Fiat in trouble, more people discover Crypto as an asset, more usecases, and institutional investors also turning to BTC / ETH - and others) Beside BTC & ETH also put some smaller amount into altcoins, and DeFi-related projects - Instrument: still have to fina a suitable exchange where I can have my own wallet, and have access to coins which are not accesible at the platforms I use so far. Task: find best exchange, built a wallet I feel safe and comfortable with
- Data: look at CoinGecko, CoinMarketCap, Ivan´s Good Morning, Bitcoin Market Journal and others to know what´s going on - look at charts, market-cap
- Models & Rules: not invest more than max 15 % in this asset-class, take action now (not wait until all pumps upâŚ), avoid coins which seem to bubble too much, set stopp-loss , but keep take-profit open - go for longterm gains (and trust in the future potetial of this market)
- Backtest: how has BT / ETH and others performed in the past? Exceptionally well, outperforming greatly
- Promising - check regularly, but keep it relaxed (still sleep well if it goes down, even for some weeksâŚ)
Yes-case:
Risk: how much time / money involved - what is outcome?
Position-size: longterm invest / bigger amount in BTC / ETH - and only small positions in other coins to test their performance, keep closer eye / stopp-loss on them
Potential: wait and see
Worth it? dito
ETH or BTC: Buy when RSI = oversold and bouncing off MA and in an uptrend, sell when bearish MACD cross and ___% above MA.
Buying/longing below a set value on the moving averages moving up or selling/shorting above moving averages moving down possibly on shorter time frames between 5 min and 1hr.
looking at the 1hr chart on gemini tradingview for chainlink, I can see the low is confirmed at 7.11, so my idea would be to buy there and sell at about 8. I know its a simple trade ,but I hodl most of the time.looking at the MACD it seems like link has gone through a bit of a selloff over the last few days.Wonder if band had anything to do with that. Right now doesnt seem like a great time to be doing alot of trading,but hey Im not a day trader. I do buy though, wish I had the capital to actually play around with.
When the MACD crosses to the upside under the 0 line and is in a uptrend (over 200 ema) long and do the opposite when macd crosses over 0 and is in a downtrend short. This idea can be used on big and small time frames.
I will use 1D BTC/USD chart for my trading idea:
-
If RSI is <30 buy long position on BTC/USD
-
Set stop-loss once RSI goes >30 with -5% - move to break even once price goes 10% up
-
Take profit once RSI goes >70
Trading Assignment: Find an Idea
MA cross 50 & 200 on a 4h chart looks to work fine, when the short trend is over the long trend buy else sell. But not always good the best should be combination of MA cross and some else indicator that I now looking for.
Trading macro trends using two indicators MA 20 and MACD
Go long when the daily close is over MA 20 and MACD is above zero , sell short when daily close is below MA 20 and MACD is below zero.
I will be using a dollar cost average method as I am in for the long term. Later may program a bot using some extra input on top of a formula I have found that calculate when to put in buy or selll signals and how many shares to sell.