Trade Bitcoin Trading

BTCUSD Program

A fundamental component of a Bitcoin trading blueprint is your BTCUSD methodology. This blueprint serves as the comprehensive tool a trader employs to devise and structure every facet of their trading activities. A Bitcoin trading plan incorporates a documented Bitcoin system that the trader adheres to, along with specific rules for the Bitcoin journal, among other elements.

As part of this Bitcoin strategy, a plan will outline the procedures a trader should follow while engaging in the Bitcoin market.

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

TIMEFRAMES

  • Main time frame for trading is the H1.
  • Bitcoin Signals are derived and generated on the 1Hour time-frame.
  • Bitcoin Signals generated should be supported by 4Hour timeframe.

4H

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

1H

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

RULES

LONG ENTRY

1H

  1. Both MAs Moving Averages are moving Upwards
  2. Both Stochastics are heading Upwards
  3. RSI above 50
  4. Parabolic SAR technical is below the btcusd cryptocurrency price (Support)

4H

  1. Both MAs Moving Averages are moving Upwards
  2. Both Stochastics are heading Upwards
  3. RSI >->50

LONG EXIT

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

RULES

SHORT ENTRY

1H

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

4H

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

SHORT EXIT

  1. RSI indicatr generates the in the opposite market trend signal
  2. Bitcoin Price action breaks Support Bitcoin Trend Line
  3. Parabolic SAR Indicator 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 alerts signals should be executed during day-time.

TIME OF DAY TO WATCH MARKET - Bitcoin TRADING HOURS

Watch market during day-time when most cryptocurrency brokers & online bitcoin brokers are open for trades. Use this to develop a good-enough Bitcoin program.

The peak trading times for Bitcoin, when major market sessions intersect, are optimal between 8:00 GMT and 18:00 GMT, covering the busiest overlapping periods for the Bitcoin Market Hours, particularly for BTCUSD.

bitcoin program - best bitcoin hours

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