My trading idea is a trade i can make on a short term. There is a lot to learn, for now this looks smart to me : ) I like to read it back some months from now.
I open a long position at 10880. 1,95% risk put the stop loss on 10554, the target at 12779, gives a risk-reward ratio 9,6. Putting the stop loss is motivated by what i learn, to me it looks like a risk to lose the trade swing before it’s has reach its full potential
Hello guys
I was actually having my eyes on Litecoin charts today and came to an idea of how the price action was moving since October 2019 until the most recent.
I saw 3 perfect head and shoulder patterns on the chart which was after some consolidation time between the first and second one that took 3 month and the second one took 6 month to occur which lead me to the idea to trade a long term position after we found a bottom on the potential support that is on 28$ price which does makes sense in my opinion.
RSI low - buy / RSI high - sell
MA200 cross MA 20 sell / MA 20 cross 200 buy
80% chance to be a sexy position 
Simple starter strategy for XBT (1hr or 30m TF):
Long = RSI(14) <= 30 and MACD Histo Bull Div and MACD signals <= -5
Short = RSI(14) >= 70 and MACD Histo Bear Div and MACD signals >= 5
Trading Idea
On a daily chart, I can use the MACD indicator and potentially buy when the lines move below zero and when the two lines start to cross with an uptrend. If the lines are above zero and cross during a downtrend, then I will sell. I can also use RSI to help confirm the trend when the prices are overbought/oversold.
I would like to try the crossover of two moving averages buying when the short period MA corosses the long period MA from below to above and shorting when the short period MA crosses the long period MA from above to below.
And then run a loop to backtest the most profitable combination of these two periods over the past 2 years.
Send an alert when RSI signals oversold
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Crossovers monitor for 200day and 50day MA, check RSI with Order book to get an idea if would be good to design a position.
It’s October 6th 2020 and the price of bitcoin is $10709 and this is my idea:
HODL with my endgoal stack till dec 2024, run a trading bot next to it to increase BTC holdings.
Out of experience with manual day trading I can conclude:
- Percentage increase of 0-5% daily in bitcoin is common. (BTC-USDC, BTC-ETH)
- Scalping is nowhere to be found yet on exchanges, which really interests me.
Goals:
- Achieve a scalping bot that makes profitable trades in combination with the exchange with the lowest fees (most likely Binance)
- Build a profitable daytrade bot 0-5% mainly based on bollinger bands with sell at 60%
- Build stop-loss trade bot for higher volumes
- Building an order book sniper hunting for orders with manual input with a wrong price / btc ratio.
Never risking more than 5% of the total account balance per trade.
Apply Fibonacci retracement to determine buy levels for pre-defined altcoins.
Combine with MA(200) and crossover MA(50) and OBV
Use EMA for trends and stop loss.
Kr,
KryptoKoala
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Looking at the ETH chart for the last 3 months, I would go long and buy when the price was around $242 or lower and sell when the price was above $400 dollars.
BTC/USD: System to alert me when the below scenario are met.
- Vol. Osc is at the peak
- CCI is at the bottom
- RSI is at the bottom
I can’t seem to find how to add MACD and RSI lines. I am using the advanced trading in binance, any tips?
Use an EMA and look for a point in time when the ema is below the price to enter a long position. Then use a % Trailing Stop loss and/or the when the EMA goes above price to exit.
Ok, I’ll give this a try…
BTC/USD
if BTC drops by 5% or greater, execute buy order
if btc rises again by 5%, sell 5% of bag
no stop loss, as we are looking bullish this week.
Short on time…have to pick up my daughter. This looked good at the moment. I personally have some KNC, thought I’d take another look at it to see what’s up. RSI looks to be on the uptrend while price is horizontal. Descending flag on the 1d; I’d play this to the upside. Also can see that MACD crossed about 3 weeks ago without a significant upside break yet. To the downside, I’d expect to see a bounce off $0.83 where there is support; upside may see bounce off of $1.05 as resistance.
Feedback??
Thank you
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Using RSI (Relative Strength Index) as an indicator: If the RSI number is above 70, then it suggests that the market has previously been very strong and has rallied/bullish and considered overbought. This would give me a signal to get out of the trade and short the market. If the RSI number is below 30, then the market has been very weak or has been in bearish trend. The price action would be considered as oversold than normally would be. There’s a high probability that the market could turn around and would be higher at this point. This would be the time to enter the market.
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As BTC has been moving into a bull market the past few weeks, holding fast above $10k, it would likely get back to its all-time high over the next 6 months if it continues to break important levels of resistance & rallies that’s been in effect since the past couple of months. Once we hit it, it will plateau at some point and trade sideways, consolidate or have a small correction to reset RSI & bolinger bands, and finally break bullish out. Another scenario would be when hitting a price level that knocks out previous high, we can expect BTC to go ballistic, completely vertical. When we reach these levels, a parabolic rise to a new all-time high would be possible, i.e. anywhere from $100,000 to $300,000 BTC.
Another scenario would be when price action forms a symmetrical triangle and a breakout becomes imminent either on the upside or downside. We can expect higher price targets if support levels are breaking towards the up trend. Ultimately, surpassing all previous highs/zones of resistance could mean the start of a bull run.
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How about waiting for BTCs CME gap to close around 9600 before buying BTC?
The BTC chart is currently looking nice, but is it worth buying at these levels? It could just as well be a sucker’s rally in a short term bullish channel where the price meets resistance at these levels and retraces back towards the floor that might or not hold.
If the floor breaks, the CME gap will likely close. The idea is to either wait for that close, or a solid confirmation upwards - price breaking 14K - before jumping into BTC.
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Buy BTCUSDT on the 4h 200 MA, was a great point in the past. sell when RSI hits 85+
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buy when the rsi is =< 20
sell when the rsi => 80
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