Analyze a Bitcoin Plan

How to Read a Bitcoin Plan

Trading plan checklist - the following is a template example of a bitcoin crypto currency plan template example:

JUSTIFICATION FOR Bitcoin TRADING PLAN

1. Bitcoin Crypto Currency IS A BUSINESS, BUSINESSES WHICH ARE SUCCESSFUL ALWAYS HAVE PLANS

Businesses that are successful always begin with a plan.
Successful business planning will tutorial you to success, think of your bitcoin plan as a map: it is a constant reminder of how you will consistently pull profits from the bitcoin market.
Difference between a successful trader & a losing trader is the bitcoin plan.

2. TO KEEP ME AS A Bitcoin TRADER IN THE RIGHT DIRECTION

Consistency is important in your bitcoin trading routine to measure how successful you are.

Keep you on target, read the bitcoin plan everyday, analyze the bitcoin plan everyday, and stick to its written bitcoin rules.

In your bitcoin plan you should think of your bitcoin plan as a map that shows you as a trader this is what you follow, your bitcoin plan should have clear written bitcoin rules that specify when you open a bitcoin trade or close a bitcoin trade.

Your written bitcoin plan should cover all factors of bitcoin trading, you should read and analyze the bitcoin plan every day until the rules of your bitcoin plan are on your fingertips so that when you are trading on the fast moving bitcoin market you will always know what to do in every situation.

This how to interpret bitcoin plan tutorial provides an example written bitcoin plan that you can use for creating your own bitcoin plan.

BTCUSD Crypto plan is one of the bitcoin tips that can help you as a bitcoin trade to improve your bitcoin results. A good learn bitcoin training guide like this one - www.tradebitcointrading.com - should explain to you how to create a bitcoin plan which you can use for trading.

IF YOU HAVE A GOOD Bitcoin Crypto Currency Trade PLAN AND YOU'RE DISCIPLINED ENOUGH TO STICK TO ITS TRADING RULES When BTCUSD Crypto Bitcoin Crypto Currency, YOU WILL BE SUCCESSFUL.

GOALS OF THE Bitcoin Crypto Currency TRADING SYSTEM

Ability to IDENTIFY Bitcoin Crypto Currency TREND AS EARLY AS POSSIBLE .
Ability to AVOID Bitcoin WHIPSAWS .

The bitcoin system should find a compromise between the two goals of the bitcoin plan,

Find a method to identify a bitcoin trend as early as possible but also find ways to help you differentiate the fake whipsaw signals from the real signals.

FUNCTIONS OF EACH Bitcoin Crypto Currency INDICATOR

MAs - Identify a new bitcoin trend as early as possible.

MACD - Identify a bitcoin trend as early as possible.

Determine strength of a continuing cryptocurrency trend.

RSI - 50 center line crossover signal to confirm the start of a new market trend.

Extra confirmation bitcoin indicator to help figure out the strength of our trend.

To learn bitcoin indicators & how to generate bitcoin signals with bitcoin indicators Learn Indicators Section

Bitcoin Crypto CHART TIME FRAMES

Main bitcoin chart time frame is the 1H.
BTCUSD Crypto Signals are generated on the 15 minute btcusd crypto chart time=frame.

15 Minutes BTCUSD Crypto Charts

5 and 7 LWMA
RSI (14)
MACD Indicator

Bitcoin Crypto Currency TRADING RULES

LONG ENTRY

15 Minutes Bitcoin Crypto Currency Charts

Both Moving Averages are moving UP
MACD Above Zero Center-Line (Not MACD moving UP)
RSI >-> 50

When crypto buy signal is generated on the 1 Hour bitcoin chart timeframe - use the 15 minute bitcoin chart timeframe to open and close trade transactions.

LONG EXIT

RSI gives a opposite signal

Bitcoin Crypto TRADING RULES

SHORT ENTRY

15 Minutes BTCUSD Crypto Charts

Both MAs are heading DOWN
MACD Below Zero Centerline (Not MACD moving Down)
RSI <-< 50

When a sell cryptocurrency signal is generated on the 1 Hour bitcoin chart timeframe - use the 15 minute bitcoin chart timeframe to open and close trade transactions.

SHORT EXIT

RSI gives a opposite signal

Bitcoin TRADING ROUTINE - Bitcoin TRADING SCHEDULE

Bitcoin Signals are generated using 1 Hour bitcoin chart time frame and executed on the 15 minute bitcoin chart timeframe.
cryptocurrency signal to be executed immediately bitcoin rules are met.
Entry bitcoin signals should be executed during daytime.

TIME OF DAY TO WATCH MARKET - Bitcoin TRADING MARKET HOURS

Watch market during daytime when most traders are online. Use this bitcoin plan to come up with a suitable bitcoin schedule.

Bitcoin Plan Example

How Do I Trade Bitcoin with a Bitcoin Plan? - How to Analyze a Plan

How Do I Trade Crypto with a Crypto Plan - How to Read a Crypto Plan?

Bitcoin MONEY MANAGEMENT

Day trading
Only trade bitcoin when I have a high risk : reward ratio 3:1 or more
Stoploss = Parabolic SAR

Set Take Profit Bitcoin Order target 40-60 Pips
Never trade beyond three percent% of trading equity
Never risk more than 2% on any single bitcoin transaction

Bitcoin MINDSET/Bitcoin PSYCHOLOGY

Trade bitcoin without Emotions (greed, fear, anticipation, impulse, bias, over-excitement)
I trade what I see not what I feel.
I will be patient.

My job description is not to be the system!

It isn't to decide which trade signal looks promising & which doesn't.

That's the job of my bitcoin system - that has a set of bitcoin rules which tells me this is what I follow when bitcoin trading. Don't get caught-up in bitcoin price action and make bitcoin rules as you go along.

MY JOB IS

To sit patiently and wait for my bitcoin strategy to indicate that it is time to enter or it is time to exit a bitcoin trade. And then with great focus I execute the bitcoin crypto currency plan as illustrated.

Taking cryptocurrency trades not indicated by the bitcoin system, second guessing it and not taking bitcoin signals given, hesitating and getting in late, anticipating and getting in trades early are all common place and boil down to lack of faith in the bitcoin plan & not having a burning focus on accurate bitcoin plan rules execution.

Bitcoin GOAL: To have 100% undivided focus on mastering my ability to execute my btcusd rules accurately.

More you cultivate the ability to step back from bitcoin price action movement and watch the bitcoin market dispassionately, waiting for a bitcoin crypto signal, the easier it will be to witness the fluctuations of your emotions without getting sucked into them allowing them to throw you off your bitcoin trading game.

WEAKNESS

I am greedy.
I over-trade
Make a list of all your weaknesses which are interfering with your bitcoin trading. This is the first step in trading to help you overcome these weaknesses. Use bitcoin psychology to help you to overcome them.

Note: by noting down your weaknesses on your bitcoin plan you will begin recognizing them as you make progress, once you do this you'll begin to avoid this mistakes and your bitcoin results will improve with time.

GOALS

To focus on exit just as much as I do on entry signals.
Always protect my bitcoin account using bitcoin stop loss, bitcoin money management strategies, follow with the bitcoin trend direction and always following the rules of my bitcoin strategy.
Never second guess or go against my btcusd crypto strategy. To always keep up my discipline in bitcoin trading.
Follow all the rules of bitcoin system + charts are telling me.
Sit patiently & wait for bitcoin crypto currency signals from my bitcoin crypto currency strategy.
Achieve consistent bitcoin results before opening a real bitcoin account.

FOLLOW THE RULES OF THIS Bitcoin TRADING SYSTEM

This is one of the most important part of how to create a bitcoin system.

Always follow the rules

Stick with the rules

Be disciplined & patient enough

Bitcoin TRADING JOURNAL

Write all cryptocurrency trades in a bitcoin journal so as to keep track of your progress when using your bitcoin plan.

How to Analyze Bitcoin Plan? - How Do You Trade Bitcoin with a Bitcoin Plan? - Read a Bitcoin Plan? - How Do You Analyze a Bitcoin Plan?

Even if you're new to trading and you don't know how a bitcoin system works, this bitcoin system tutorial shows to you how a bitcoin strategy should look like.

Therefore, the aim is to help you create your own complete bitcoin strategy - by showing you a written bitcoin plan examples that's already complete.

Read this bitcoin plan tutorial about how to trade bitcoin with a bitcoin plan - One of the most important part of using this bitcoin plan example is the "Money Management Part" you will learn how to trade and minimize risk using bitcoin money management guidelines, which will be specified in your bitcoin plan.

Read a Bitcoin Plan?

Study More Courses and Lessons:

Trade Bitcoin Trading