Topic: My Profitable BTC Trading Analysis (Read 188 times)

Very good chart descriptions, one of most challenges with crypto is that there are most times that these technical analysis are not obeyed in crypto and sometimes one may lose chances of selling and the trend will reverse. The art of taking profit and stopping loss should be a learned culture by every trader

Updated:

It was pretty god to buy

But maybe get small profit

then wait and see for next buy signal



Any comment, opinion are welcome

Regards,

Bangden

Update



Anyway how to show image on bitcointalk? i inserted the url image just show url link not an image

Newest Buy Moment if price closed candle above trendline:

Sample of 15 Mnt TF:

Check this image >>


You can check by your own always use Stop Loss, Take profit is depend on market/chart

Hello All,

Bitcoin is very popular today and lot of exchange give their best service for their clients/customer to buy bitcoin for investment purpose or for daily trading.

Actually most of people buy btc (bitcoin) is for getting profit, right? Or just "have" it?
OK, when should i buy? Is that the best time to buy? What happen if the price still going down?

The following image/graphic is my own strategy/planing when i decide to buy BTC

Image 1,
this is daily BTC/USD chart, when i may buy?



Image2:



Image3:
OPEN BUY on OPENING CANDLE
Stop Loss? = YES
TAke PROFIT Depend on Movement
CLOSED IF BUY SIGNAL change to SELL/FAIL BUY SIGNAL


WHY BUY on that candle?
check image below I used trend-line chart and make support/resistant line, so if price open significantly above trendline , i buy


But the fact price still down on next candle so close buy position and wait for next buy signal
Check image below
I dont use red trendline anymore check Aqua color trendline as support was break
Now resistant line is Yellow, if price closed significantly above that line, i will buy


Buy Position?


And check line chart again


CLOSED BUY on RED LINE


Wait next BUY signal again Check image below



I dont why i cant not preview image directly on my thread, if you want to check detail, go to http://bangdenblog.blogspot.com/2018/09/profitable-bitcoin-trading-system.html

This is for daily analysis, we can apply this to small time frame such as 5 minutes TF, 15, 1 H  etc. This is only for Buying position only, IF we use margin trading exchange/broker, we can open buy and sell potion


Disclaimer:
This is my way to analysis when i "buy" or Sell BTC/usd

If you have question , please comment here
You can add your own opinion/strategy so we can make better result

Regards,

Bangden