Basic Trading rules to remember
Buy After a Bullish Crossover
The short-term moving average (10-days) crosses below a longer-term one (21-day red line)Sell After a Bearish Crossover
Buy When RSI is above 30 from below
Sell when RSI is going below 70 from above
Sell when BTC Breaks Below a Major Resistance Level
Buy when BTC breaks above a major resistance level
Take Profits Near Resistance
Buy When BTC price is going lower with Rising Volume.
Sell When BTC price is going Higher with Falling Volume
Short-sell the "Head and Shoulders"
Buy the "Inverse Head and Shoulders"
Short-sell the "Double Top"
Buy the "Double Bottom"
Buy the Ichimoku Breakout
Sell the Breakdown
Buy the "Golden Cross"
Sell the "Death Cross"
Sell the "Dead Cat Bounce"
Basic Position Trading Strategy :------
This is a trade for long term. You have to consider three conditions before initiate a buy order:
- Use weekly chart and buy when the price crosses above a 50-week moving average from below.
- Sell when a weekly candle closes below the 50-week moving average.
- Setting a stop loss 5% below/above the moving average .
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