Trade Bitcoin Trading

How to Write a Good Bitcoin Plan

plan checklist - the following is a template example of a btcusd cryptocurrency plan template example:

JUSTIFICATION

1. BTCUSD Trade IS A BUSINESS, BUSINESSES THAT ARE SUCCESSFUL ALWAYS HAVE A PLAN

  • Businesses that are successful always start with a plan.
  • Successful business planning will tutorial you to success, think of bitcoin trade plan as a map - it's a constant reminder of how you will consistently pull profits from the btcusd market.
  • Difference between a successful trader and a losing bitcoin trading one is the bitcoin trade plan.

2. TO HELP KEEP ME IN RIGHT DIRECTION when Trading BTCUSD

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

Keep you on target, read the bitcoin trade plan every day & stick to its rules.

In your plan template you should think of it as a map guide that shows to you this is what you follow, it should have clear guidelines which specify when you open or close a trade.

Your bitcoin cryptocurrency trade plan should cover all the factors and aspects of bitcoin trading, you should read the bitcoin plan every day until it is on your fingertips so that when you are trading on the fast moving market of bitcoin trading you'll always know what to do in every situation.

Your bitcoin plan can be as simple or as complicated as you like, but the most important thing is that you as a trader have one. By having a one you have an advantage over the btcusd market, you'll have better chances of earning a profit than those who don't have one.

This bitcoin plan checklist tutorial topic provides with an example bitcoin plan template which you can use for creating your own bitcoin trade. By now you have already written down the justification part of your bitcoin plan template, If not get a pen and paper and writedown the justification part. Next we shall explore how to write the system.

Bitcoin Crypto Currency plan is one of the secrets which can help you as a trader to improve your trading profits. A good bitcoin training guide like this one should show and explain to you how to come up with one using a bitcoin plan template which you can use as an example to develop your own bitcoin trade plan.

One of the most often asked question is, Is BTC/USD Crypto profitable? one of the methods to make it profitable is to have a good plan.

IF YOU HAVE A GOOD BTCUSD Trade PLAN & YOU'RE DISCIPLINED ENOUGH TO STICK TO IT When Bitcoin BTCUSD, YOU WILL BE SUCCESSFUL.

OBJECTIVES AND GOALS OF THE TRADE SYSTEM

  1. Ability to IDENTIFY TREND AS EARLIEST AS POSSIBLE .
  2. Ability to AVOID WHIPSAWS .

The bitcoin trade system should find a reasonable compromise between the two Goals,

Get a way to identify a btcusd crypto trend as early as possible but also find ways and methods to help you as a trader distinguish the fake out whipsaw signals from real ones.

THE FUNCTIONS OF EACH INDICATOR

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

MACD - Identify a bitcoin trend as early as possible.

Determine momentum of a continuing trend.

RSI - Swing failure to confirm the start of a new market trend.

Extra confirmation tools to help identify the strength of our market trend.

Parabolic SAR - Help to ensure that we are not caught up on the wrong side of the market trend.

Bitcoin Trend-Lines - Signals a reversal when the line is broken

BTC/USD Crypto Price Action Signals - confirm the weakening of a trend.

Bollinger Band - for btcusd crypto price action study

To learn and know more about each trading indicator and how these technical indicators can be used to generate signal setups you can go to the Crypto Trading Indicators Section

CHART TIMEFRAMES

  • Main chart time frame is the 1H.
  • Signals are derived and generated on the 15 minutess timeframe.

15 Minute Charts

  • Bitcoin Trendlines (Support & Resistance)
  • 5 and 7 LWMA
  • RSI (14)
  • Bollinger Band (20, 2)

RULES

LONG ENTRY

Entry

15 Minute Charts

  1. Both MAs are moving UP
  2. MACD Above Zero Centerline (Not MACD heading UP)
  3. RSI >-> 50
  4. Parabolic SAR technical indicator is below the bitcoin crypto price ( Support )

When signal is derived & generated on the 1 Hour Bitcoin Chart, use the 15 minute crypto chart time-frame to open and close out trade positions.

LONG EXIT

  1. RSI provides a in the opposite market trend signal
  2. Bitcoin Crypto Currency Price breaks Support Bitcoin Trendline
  3. Parabolic SAR Indicator is hit (Trailing Stop)

RULES

SHORT ENTRY

Entry

15 Minute Charts

  1. Both MAs are moving DOWN
  2. MACD Below Zero Center-Line (Not MACD moving Down)
  3. RSI <-< 50
  4. Parabolic SAR is above the btcusd crypto price ( Support )

When signal is generated on the 1 Hour chart, use the 15 minute crypto chart time frame to open and close trade positions.

SHORT EXIT

  1. RSI gives and provides a in the opposite market trend signal
  2. Bitcoin Crypto Currency Price action breaks Support Bitcoin Trendline
  3. Parabolic SAR is hit (Trailing Stop)

ROUTINE

  1. Signals are generated using 1H chart time frame and executed using the 15 minute bitcoin chart time=frame.
  2. Trade signal to be executed immediately the trading rules are met/matched.
  3. Entry trade signals should be executed during the daytime.

TIME OF THE DAY TO WATCH THE MARKET - MARKET HOURS

Watch market during the day time when most companies and online crypto brokers are open for trades. Use this to create a good program.

Example Plan Template

Written System for Bitcoin Plan Example Template - How to Develop One Page BTCUSD Trading Plan Doc

Tips - You can use the MT4 Bitcoin Platform to save this as a btcusd template that way you don't have to lay it afresh every time you open a new crypto chart. If you want to learn how to save a bitcoin plan template on the MetaTrader 4 platform software, read: MT4 BTCUSD Crypto Platform Guides Courses.

Bitcoin Money Management

  • Day strategy - Low risk High return trading method
  • Trade when I have a high risk reward ratio 3:1 or more
  • Stoploss = Parabolic SAR
  • Set TP target 40-60 Bitcoin Pips
  • Never transact beyond 3 % of trading equity
  • Never risk more than 2% on a single bitcoin trade

Bitcoin MINDSET/PSYCHOLOGY

  • Trade without Emotions (greediness, fear, impulse, bias, anticipation, overexcitement)
  • I trade what I see and not what I--feelI--am--feelingMy--feelings--are--telling--me.
  • I'll be patient.

My job description is not to be the bitcoin system!

It is not to decide which signal looks promising & which doesn't.

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

MY JOB IS

To sit patiently and wait for my bitcoin strategy to indicate that it's time to enter or it's time to exit. And then with great and extreme focus I execute the bitcoin plan like illustrated.

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

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

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

WEAKNESS

  1. I am greedy.
  2. I overtrade
  3. Make a listing of all your weaknesses which are interfering with your trading. This is the first step to help you as a trader to overcome the weaknesses. Use Bitcoin psychology to help you as a trader overcome them.

NB: by writing down your weaknesses you'll begin recognizing them as you make progress, once you do this you will start and begin to avoid these mistakes and your trading results will improve.

GOALS

  • To focus on the exit just as much as I do on entry signals.
  • Always protect my account using stoploss order, btcusd crypto equity management techniques, follow with the bitcoin crypto trend direction and always following the rules of my bitcoin cryptocurrency strategy.
  • Never second-guess or go against my strategy. To always keep up my discipline.
  • Follow all the guidelines of my bitcoin strategy & never break them.
  • Transact fewer times and execute all my signals correctly. Trade what I see, what the system + charts are telling me.
  • Sit patiently and wait for signals from my strategy.
  • Achieve consistent bitcoin results before registering a live account.

FOLLOW THIS Bitcoin SYSTEM

This is the most important part of creating the bitcoin crypto system.

Always follow the rules

Stick with the trade rules

Be disciplined & patient enough

Bitcoin Trade JOURNAL

Log all my trades in a bitcoin journal so that to track my training progress & improve my bitcoin execution methods.

This bitcoin strategy uses momentum to figure out the trend.

Even if you are new to market and you do not know how a btcusd crypto system resembles, this bitcoin system template example illustrates to you how a bitcoin strategy should look like, the Bitcoin tutorials explained in other sections of this training website will also explain further different aspects that you need to learn.

Therefore, the aim is to help you as a trader create your own complete bitcoin strategy that is if you're looking for one, by showing you one that is already complete. In fact you can just use it as it is, or make a few adjustments so that it suits your btcusd crypto trading style.

The aim is to help you as a trader improve your bitcoin results by using a bitcoin plan, & another advantage is that this bitcoin trade plan will offer you a chance to improve your knowledge and it will help you improve your bitcoin results and help you make pips when cryptocurrency trading and keep them so that as you do not keep giving them back to the bitcoin crypto market.

Read this bitcoin plan training guide about developing a bitcoin trade plan of your own, along with learn bitcoin tutorials & bitcoin trade strategies listed at the top of this learning bitcoin tutorial web-site.

The Most Beneficial part of using this bitcoin plan example is the "Bitcoin Trade Money Management Part" you'll learn how to trade bitcoin & minimize risk, which is the most important thing in trading the bitcoin market.

Bitcoin Plan Checklist - How to Develop a Plan in Crypto Currency - Bitcoin Plan Examples - Bitcoin Plan Doc

Study More Courses:

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