Bitcoin Trading on Multiple Bitcoin Charts Swing Trading Strategy
15 Minute Swing Strategy PDF
Swing Traders
This swing bitcoin trading group holds on to their cryptocurrency trades for a few days to a week. With the objective of making a large number of pips: 100 - 400 pips.
Swing bitcoin trader using 1H chart crypto chart time frame wants to go short, checks 4H chart crypto chart time frame, which looks like the cryptocurrency trading example illustrated below, since 4 hour shows the bitcoin trend is going down, then decides from this technical analysis it's okay to sell.
Chart Time Frames - 15 Minute Swing Strategy PDF - 1 H Swing Trading Strategy
Bitcoin Trading Swing Trader traders using technical analysis use cryptocurrency charts to try and attempt to predict the movement of bitcoin trading price on the bitcoin charts.
Bitcoin Trading Swing 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 Swing 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 Bitcoin Trend
Both MAs Moving Up
RSI above 50
MACD Above Center line
Downward BTCUSD 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 & a longer chart time frame 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're: for Swing Traders the chart time-frames used for trading will be an example of 1 hour crypto chart time frame and 4 hour bitcoin trading chart timeframe.
Since it's always good to follow the bitcoin trend when bitcoin Swing Trading, in Multiple Time Frame Analysis, the longer 4 hour crypto chart timeframe gives us the direction of the long term bitcoin trend when Swing trading using the 1 hour Bitcoin Chart Timeframe.
