Trade Bitcoin Trading

Learn Crypto Price Action Strategies

One must create a bitcoin trading strategy which they stick to when trading the online bitcoin crypto market. One must have the discipline to stick to the bitcoin crypto trading strategy at all times. That's why it is better to come up with strategies which are simple - profitable bitcoin trading systems will be much easier to follow & stick to. This is because one knows that by following the rules of their btcusd crypto system they will be successful.

A carefully designed strategy which has been back tested & proven to produce profitable trading results is one of the keys to becoming successful when trading the btcusd trading market. This type of strategy will make it easier for the trader to follow the guidelines of their bitcoin strategy because they already know that the trading strategy is profitable, henceforth keeping up the discipline required to continue following the bitcoin trading strategy will be much easier.

Successful btcusd crypto trade strategies also will include:

1. Bitcoin Crypto Currency trading money management rules

2.Bitcoin Crypto Currency Trade Psychology Mindset

These two will greatly improve the success of any cryptocurrency tradingtrade system.

However, Let us look at bitcoin trading price action method before expounding on bitcoin money management & bitcoin trading psychology.

Bitcoin Price Action Trading Strategies

Bitcoin Price action is the use of bitcoin trading price movements to determine when to buy or close trades. Bitcoin price action will use the study of patterns which form time and time again & these chart patterns can be interpreted in different ways. The trader will use this chart pattern to determine the likely market direction that the btcusd trading market is likely to take next based on the bitcoin trading price chart patterns that have been formed on the charts.

In bitcoin trading price action traders may use different methods to generate bitcoin signals from the chart setups. Some of these techniques are:

Candles bitcoin trading patterns - a trader may use the study of Japanese candlestick chart formations which is the study of different candlestick formations along with how to interpret these candlesticks formations. A candlestick pattern may consist of only one crypto candlestick or a multiple of crypto candlesticks. To learn & know more about candlesticks patterns traders can find these candlestick chart patterns tutorials on the learn bitcoin lessons of this web-site under the trading analysis concepts.

Support and Resistance Zones - traders can use bitcoin trading price action and combine this bitcoin trading price action with support and resistance levels. A trader will wait for bitcoin trading price to hit the support level to open a buy bitcoin trade and wait for the bitcoin trading price to touch the resistance level to open a sell bitcoin trade. The concept of trading major support and resistance levels is a very popular method in bitcoin. For example in a crypto upward bitcoin trend a trader may wait and only open buy bitcoin traders when bitcoin trading prices hit support levels - at the same time a trader will take profit once the bitcoin trading price hits a resistance area and then wait for another pullback to open a buy bitcoin trade again.

To learn & know more about support and resistance levels traders can find these tutorials on the learn bitcoin lessons of this web-site under the trading analysis concepts.

BTCUSD Crypto Trend-Lines - traders can also use bitcoin trend lines to determine bitcoin trading price action direction or the btcusd trading market trend. For an upward bitcoin trend line that shows the btcusd trading market is trending up a trader will open buy trades once bitcoin trading price touches the up-wards bitcoin trend-line. For a downward bitcoin trend that shows the general market direction is downwards a trader will open sell trades once the bitcoin price touches the downwards bitcoin trend line.

To learn & know more about how to trade with bitcoin trend lines traders can find these tutorials on the learn bitcoin lessons of this web-site under the trading analysis concepts.

Crypto Patterns -bitcoin-currency chart patterns is different from candlestick patterns, these are two different methods of analysis, and traders should learn more about chart patterns in the bitcoin trading lessons section of this web-site under the technical analysis concepts.

Chart patterns is the study of a formation of several candlesticks over a period of time. These patterns are consolidation patterns, bitcoin trend continuation patterns and market reversal bitcoin patterns. Traders can use the study of these patterns to determine the next likely market move.

Bitcoin Trading Strategy Tips

Once a trader has come up with their bitcoin crypto currency strategy, they should also include the following so that to make their bitcoin trading strategy more successful.

1.Bitcoin Crypto Currency Trade Equity Management Rules

2.Bitcoin Crypto Currency Trade Psychology

BTCUSD Trade Money Management Rules

Bitcoin trading money management rules should be part of your bitcoin strategy - the trading rules will help you to manage risk. This means that you will use the 2 rules of bitcoin trading money management - these are risk : reward ratio and drawdown reducing method when placing your trades to determine the lot size that you will open in the btcusd trading market. The most popular bitcoin trading equity management rule use in cryptocurrency & the one that you should also add to your trade plan is the rule that says a btc usd trader should never risk more than 2% of their trading account balance on any one single bitcoin trade.

To learn & know more about these 2 btcusd crypto equity management principles, traders should study the bitcoin trading money management guide that is on the learn bitcoin trading lessons section of this web-site under the bitcoin trading key concepts tutorials.

Bitcoin Crypto Currency Trade Psychology Mindset

In order for one to become successful when trading the btcusd trading market one has to learn about bitcoin trading psychology. The bitcoin psychology or mindset which is needed to become successful in bitcoin trading is one that avoids the emotions of fear & greed while trading the btcusd trading market and is a mindset of total discipline that a trader will follow all their rules and their bitcoin strategy & only trade with signals which are generated by their bitcoin trading strategy. With discipline one will not trade unless their bitcoin strategy gives a trading signal. One will have the mindset of only following their bitcoin crypto currency system 100% all the time without second guessing the trading system. A disciplined trader will also not open trades in btcusd trading market just because the btcusd trading market has started to move up-wards or down, instead a trader will wait for a trade signal to be generated by their bitcoin trade strategy.

In order to know more about bitcoin psychology & how to manage emotions while trading the online market a trader can read the bitcoin trading psychology tutorials from the learn bitcoin trading lessons section of this web-site under the bitcoin key concepts courses.

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