Bitcoin Trading on Multiple Bitcoin Charts Day Trading Strategy
5 Minute Day Trading Strategy PDF
Day Traders
This group of cryptocurrency day trader holds on to their cryptocurrency trades for a few hours but not more than a day. With the aim of making quite a number of pips: 30 - 100 pips.
Day bitcoin trader trading 15 minutes crypto chart time frame wants to go long, checks 1 hour crypto chart time frame, which looks like the one below, since 1 hour crypto chart time frame shows market bitcoin trend is going up, then decides from this chart technical analysis it's okay to buy.
Chart Time Frames - 5 Minute Day Trading Strategy Tutorial - 15 Minutes Day Trading Strategy
Bitcoin Trading day trader traders using technical analysis use cryptocurrency charts to try & attempt to predict the movement of bitcoin price on the bitcoin charts.
Bitcoin Trading Day traders will sometimes use two or more crypto chart time frames so as to determine the long term bitcoin trend & short term cryptocurrency trend.
How to Define A Crypto Price Bitcoin Trend for Day Trading
Using a cryptocurrency trading system that has 3 indicators - Moving Average Crossover System, RSI & MACD & using simple rules to define the cryptocurrency trend. The trading rules are:
Upward BTCUSD Trend
Both MAs Moving Up
RSI above 50
MACD Above Center line
Downward Bitcoin Trend
Both MAs Moving Down
RSI below 50
MACD Below Center line
Multiple crypto charts time frames analysis equals using 2 chart time-frames to trade cryptocurrency trading - a shorter crypto chart time-frame used for trading and a longer chart timeframe to check the Bitcoin trend - chart time frames that you choose for trading bitcoin price action with will depend on the type of trader you are: for day traders the chart time frames used for trading will be example of 15 minutes crypto chart time frame and 1 hour bitcoin chart time-frame.
Since it is always good to follow the bitcoin trend when cryptocurrency Day Trading, in Multiple Time Frame Analysis, the longer 1 hour crypto chart timeframe gives us the direction of the long term bitcoin trend when Day trading using the 15 Minute Bitcoin Chart Time-frame.
