Bitcoin Signals
As a trader one of the courses you must learn in trading the bitcoin trading market is how to generate signals. A signal is just a set of trading rules that show when to buy or when to sell bitcoin crypto.
For example illustration, the simplest cryptocurrency trading system is the Moving Average cross over system which generates bitcoin signals once 2 MAs crossover each other.
- Buy signal - moving averages cross over pointing upwards
- Sell trading signal - moving averages cross-over pointing downwards
BTC/USD Crypto System
To confirm the signals generated a trader will need to create a system and a set of trade rules for this cryptocurrency system.
A trade system is a combination of two or more trading indicators & a set of written trading rules which are used to generate these signals with.
What is Bitcoin Crypto Strategy
Writing Bitcoin Strategy Rules
Tips for BTCUSD CryptoCurrency Strategy
How to Write Bitcoin Trading Journals.
From the above trade system a trader can generate cryptocurrency signals using the trade rules below
Buy signal
- Both Moving averages pointing up-ward
- RSI above 50
- Both Stochastics heading upward
Sell trade signal
- Both MAs pointing downwards
- RSI is below 50
- Both Stochastics heading down-ward
An exit signal is given/generated when MAs give an in the opposite market trend signal or RSI provides an in the opposite trend btcusd signal: A signal in the opposite direction.
Get More Lessons & Guides:
- Moving Average BTC/USD Trading Indicator for Intraday Trading
- BTC USD Trade Scalpers, Bitcoin Day Traders, Bitcoin Swing Traders & Bitcoin Position Traders
- How to Draw Upward Bitcoin Trend Lines & Upwards Bitcoin Channels on BTC USD Price Charts
- How to Develop One Page BTC USD Trade Plan Doc
- Chandes Momentum Oscillator BTC USD Indicator Analysis in Bitcoin