Bitcoin on Multiple Bitcoin Charts Swing Strategy
15 Minute Swing Strategy PDF
Swing Traders
This swing bitcoin trading group holds on to their cryptocurrency trades for a couple of days to a week. With the objective of earning a big number of pips: 100 - 400 pips.
Swing bitcoin trader using 1H chart timeframe wants to go short, checks 4 Hour chart time frame, which looks like the cryptocurrency example illustrated below, since 4 hour displays the bitcoin crypto currency trend is heading down, then decides from this trading analysis it is okay to sell.
Chart Time Frames - 15 Minute Swing Strategy PDF - 1 H Swing Strategy Method
Bitcoin Swing Trader traders using trading analysis use cryptocurrency charts to try & attempt to predict the movement of bitcoin price on the bitcoin charts.
Bitcoin Swing traders will sometimes use two or more chart timeframes so as to determine the long term bitcoin trend & short term cryptocurrency trend.
How Do I Define a Price Bitcoin Trend for Swing Trading
Using a system that has Three indicators - MA Crossover System, RSI & MACD & using simple trading guide-lines to define the cryptocurrency trend. The rules are:
Upward Bitcoin Crypto Trend
Both MAs Moving Up
RSI Indicator above 50 Mark
MACD Above Center Line
Downwards Bitcoin Crypto Currency Trend
Both MAs Moving Down
RSI Indicator below 50 Mark
MACD Below Centerline
Multiple charts time frames analysis equals using two timeframes to trade cryptocurrency trading - a shorter chart time-frame used for trading and a longer chart time-frame to check the Bitcoin trend - timeframes that you choose for trading bitcoin price action with will depend on the type of trader you're: for Swing Traders the chart timeframes used for trading will be an example of 1 hour chart timeframe & 4 Hour bitcoin chart timeframe.
Since it is always good to follow the bitcoin trend when bitcoin Swing Trading, in Multiple Chart Time-frame Analysis, the longer 4 H time-frame gives us the direction of the long term bitcoin trend when Swing trading using the 1 H Bitcoin Chart Time Frame.
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