Bitcoin Trading Program
One of the main bitcoin trading part of a bitcoin plan is your bitcoin program. A bitcoin plan is the bitcoin tool which a trader will use to determine and plan all aspects of their trading. A bitcoin plan will have a written bitcoin system that a trader follows & the bitcoin journal rules rules among others.
Within this bitcoin plan a bitcoin plan will also write down the bitcoin program that a trader will follow while trading the btcusd markets.
Here is the bitcoin program that you can follow form this bitcoin plan
TIMEFRAMES
- Main time frame for trading is the H1.
- Bitcoin Signals are generated on the 1Hour timeframe.
- Bitcoin Trade Signals generated should be supported by 4Hour timeframe.
4H
- Bitcoin Trend-Lines (Support and Resistance)
- 5 & 7 Simple Moving Averages
- MACD (12, 26, 9)
- RSI (14) +Support and Resistance
- Parabolic SAR
1H
- Bitcoin Trend-Lines (Support and Resistance)
- 5 & 7 Simple Moving Averages
- Stochastic (14, 4, 7)
- RSI (14) +Support and Resistance
- Bollinger Band (20, 2)
- Parabolic SAR
RULES
LONG ENTRY
1H
- Both Moving Averages are moving Upwards
- Both Stochastics are heading Upwards
- RSI above 50
- Parabolic SAR is below the btcusd crypto currency price (Support)
4H
- Both Moving Averages are moving Upwards
- Both Stochastics are heading Upwards
- RSI >->50
LONG EXIT
- RSI generates the opposite signal
- Bitcoin Price breaks Support Bitcoin Trend Line
- Parabolic SAR is hit (Trailing Stop)
RULES
SHORT ENTRY
1H
- Both MAs are moving Downward
- Both Stochastics are heading Downward
- RSI below 50
- Parabolic SAR is above the bitcoin price (Support)
4H
- Both Moving Averages are moving DOWN
- Both Stochastics are heading DOWN
- RSI below 50
SHORT EXIT
- RSI generates the opposite signal
- Bitcoin Price action breaks Support Bitcoin Trend Line
- Parabolic SAR is hit (Trailing Stop)
TRADE ROUTINE
- Bitcoin Signals are generated using 1 H timeframe.
- Bitcoin Signal to be executed immediately rules are met.
- Entry bitcoin alerts signals should be executed during daytime.
TIME OF DAY TO WATCH MARKET - Bitcoin TRADING HOURS
Watch market during daytime when most cryptocurrency brokers & online bitcoin brokers are open for trades. Use this to develop a good-enough Bitcoin program.
The best bitcoin hours when markets overlap that will form the best bitcoin times are between 8:00 GMT and 18:00 GMT when most of the major bitcoin sessions overlap. Bitcoin Market Hours and Best BTCUSD Hours
bitcoin program - best bitcoin hours
Study More Lessons & Courses:
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- What is BTC USD Trading Market Psychology?
- Types of Bitcoin Trading Setups
- How Can You Learn How to Use Demo BTCUSD Trading Account?
- How Can You Analyze MetaTrader 5 Upward BTC USD Trendline on MT5 BTC USD Trading Software?
- How Can You Set BTC USD Sell Orders in MT4 BTCUSD Charts?
- How to Trade Alligator BTC USD Technical Indicator in MT4 Platform