Trade Bitcoin Trading

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

  1. Both Moving Averages are moving Upwards
  2. Both Stochastics are heading Upwards
  3. RSI above 50
  4. Parabolic SAR is below the btcusd crypto currency price (Support)

4H

  1. Both Moving Averages are moving Upwards
  2. Both Stochastics are heading Upwards
  3. RSI >->50

LONG EXIT

  1. RSI generates the opposite signal
  2. Bitcoin Price breaks Support Bitcoin Trend Line
  3. Parabolic SAR is hit (Trailing Stop)

RULES

SHORT ENTRY

1H

  1. Both MAs are moving Downward
  2. Both Stochastics are heading Downward
  3. RSI below 50
  4. Parabolic SAR is above the bitcoin price (Support)

4H

  1. Both Moving Averages are moving DOWN
  2. Both Stochastics are heading DOWN
  3. RSI below 50

SHORT EXIT

  1. RSI generates the opposite signal
  2. Bitcoin Price action breaks Support Bitcoin Trend Line
  3. Parabolic SAR is hit (Trailing Stop)

TRADE ROUTINE

  1. Bitcoin Signals are generated using 1 H timeframe.
  2. Bitcoin Signal to be executed immediately rules are met.
  3. 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:

Forex Seminar Gala

Forex Seminar

Bitcoin Broker