Bitcoin Trade Signals
As a trader one of the courses you must learn in trading the btcusd trading market is how to generate trading signals. A signal is just a set of rules that show when to buy or when to sell bitcoin crypto.
For example, the simplest cryptocurrency tradingtrade system is the Moving Average cross over system which generates bitcoin signals once 2 MAs crossover each other.
- Buy signal - moving averages cross-over pointing upwards
- Sell trading signal - moving averages cross-over pointing downwards
BTC/USD Crypto Trade System
To confirm the signals generated a trader will need to create a trading system and a set of trade rules for this cryptocurrency system.
A system is a combination of two or more trading indicators & a set of written trading rules which are used to generate these signals with.
What is Bitcoin Crypto Currency Strategy
How to Create a Bitcoin Systems
Writing Bitcoin Crypto Currency Strategy Rules
Tips for Bitcoin Crypto Strategy
How to Write Bitcoin Trading Journals.
From the above trade system a trader can generate cryptocurrency signals using the trade rules below
Buy trade signal
- Both Moving averages pointing up-ward
- RSI above 50
- Both Stochastics heading upwards
Sell trade signal
- Both Moving averages pointing downwards
- RSI below 50
- Both Stochastics heading down-ward
An exit trading signal is given when MAs give an opposite trade signal or RSI gives an opposite btcusd signal: A signal in the opposite market trend direction.
Get More Lessons & Tutorials:
- Moving Average MA BTC/USD Trading Indicator for Intraday Trading
- BTC USD Trade Scalpers, Bitcoin Day Traders, Bitcoin Swing Traders & Bitcoin Position Traders
- How to Draw Upward Bitcoin Trend Lines & Upwards Bitcoin Channels on BTC USD Price Charts
- How to Develop One Page BTC USD Trade Plan Doc
- Chandes Momentum Oscillator BTCUSD Trading Indicator Analysis in BTC USD