Bitcoin Trading Program

One of the main bitcoin trading part of a bitcoin trading plan is your bitcoin trading program. A bitcoin trading plan is the bitcoin trading tool which a trader will use to determine and plan all aspects of their trading. A bitcoin trading plan will have a written bitcoin trading system that a trader follows & the bitcoin trading journal rules trading rules among others.

Within this bitcoin trading plan a bitcoin trading plan will also write down the bitcoin trading program that a trader will follow while trading the btcusd trading markets.

Here is the bitcoin trading program that you can follow form this bitcoin trading plan

TIMEFRAMES

• Main time frame for trading is the 1Hour.
• Bitcoin Signals are generated on the 1Hour timeframe.
• Bitcoin Trade Signals generated should be supported by 4Hour timeframe.

4H

• Bitcoin Trend Lines (Support and Resistance)
• 5 & 7 Simple Moving Averages
• MACD (12, 26, 9)
• RSI (14) +Support & Resistance
• Parabolic SAR

1H

• Bitcoin Trend Lines (Support and Resistance)
• 5 & 7 Simple Moving Averages
• Stochastic Oscillator (14, 4, 7)
• RSI (14) +Support & Resistance
• Bollinger Bands (20, 2)
• Parabolic SAR

RULES

LONG ENTRY

1H

1. Both MAs are moving Upwards
2. Both Stochastics are moving Upward
3. RSI above 50
4. Parabolic SAR is below the bitcoin price (Support)

4H

1. Both MAs are moving Upwards
2. Both Stochastics are moving Upward
3. RSI >->50

LONG EXIT

1. RSI gives opposite signal
2. Bitcoin Price breaks Support Bitcoin Trend Line
3. Parabolic SAR is hit (Trailing Stop)

RULES

SHORT ENTRY

1H

1. Both MAs are heading Downward
2. Both Stochastics are heading Downward
3. RSI below 50
4. Parabolic SAR is above the bitcoin price (Support)

4H

1. Both MAs are moving DOWN
2. Both Stochastics are moving DOWN
3. RSI below 50

SHORT EXIT

1. RSI gives opposite signal
2. Bitcoin Price action breaks Support Bitcoin Trend Line
3. Parabolic SAR is hit (Trailing Stop)

TRADE ROUTINE

1. Bitcoin Signals are generated using 1 H timeframe.
2. Bitcoin Signal to be executed immediately rules are met.
3. Entry bitcoin trading alerts signals should be executed during daytime.

TIME OF DAY TO WATCH MARKET - Bitcoin TRADING HOURS

Watch market during daytime when most cryptocurrency trading brokers and online bitcoin brokers are open for trade transactions. Use this to create a suitable Bitcoin Trading program.

The best bitcoin trading hours when markets overlap that will form the best bitcoin trading times are between 8:00 GMT and 18:00 GMT when most of the major bitcoin trading sessions overlap. Bitcoin Market Hours and Best BTCUSD Hours

bitcoin trading program - best bitcoin trading hours