Cryptocurrency Trading (Simple setups for Beginners)

Cryptocurrency Trading (Simple setups for Beginners)

Cryptocurrency Trading (Simple setups for Beginners) 300 169 Minimalist Trading – Best Trading Indicators for TradingView

More and more traders are interested in Cryptocurrency Trading these days.

And it’s easy to understand why!

Cryptocurrency Trading is an endless source for consistent profits because more money is put into cryptocurrency each day.

How can you actually use this?

Simple!

Learn an easy Cryptocurrency Trading Strategy, that you can execute each day in your Trading Charts.

Today we’re looking at a Trading opportunity on Bitcoin using our technical indicators, which are considered to be among the best indicators for TradingView.

In particular, we’re using the Advanced Signal Bars in combination with a Moving Average.

This is one of the best trading indicators combination because we are able to combine the known benefits of moving average trading with the traditional reliability of the Advanced Signal Bars.

This Trading Strategy to trade Bitcoin is extremely simple and very profitable for Cryptocurrency Trading which is traditionally more affected by volatility than Stocks or Forex.

Below here you are guided step-by-step throughout the whole live trade, from the setup identification, to the actual trading and the final comments.

Trade setup – 6 Jan 2020

Two identical crypto setups Setup 1

The price is currently above the 54 moving average and has just broken to the upside a horizontal red line drawn by the Advanced Signal Bars.

This is enough to enter a trade with a 1:1 risk-reward.

What we are expecting is the price to move higher and form a series of very similar trades which we’ll trade with a 1:1 risk-reward.

Trade update – 7 Jan 2020

Two identical crypto setups Setup 2

This trade is over and so we got a 1x profit.

Now we wait for another one because, usually, when we apply this trading strategy on a trending asset and timeframe, we get a series of trades.

Usually four, five, or even more trades, most of which are winning trades.

The final profit will be our overall return.

Let’s now wait and see if we get another one.

Trade update – 7 Jan 2020

Two identical crypto setups Setup 3

Here comes the second which we trade exactly as the previous one, so with a 1:1 risk-reward.

Trade update – 8 Jan 2020

Two identical crypto setups Setup 4

This second trade was particularly fast and it’s now over as well.

Let’s see the next one.

Trade closed – 9 Jan 2020

Two identical crypto setups Setup 5

It looks like we won’t have a third trade because the price dropped below the 54 moving average so we can consider the overall trade over with a 2x profit.

In the end, the uptrend has been a bit too short offering us only two setups.

With this bitcoin strategy, we are usually able to get four, five, or even more identical setups one after the other.

And we are able to close most of them with a winning trade.

In this case, we only got two identical crypto setups, but they both have been profitable.

Not only we can be proud of what we achieved, but we can also say that we have yet another confirmation that this long-tested Trading Strategy is indeed a consistently profitable strategy.

What’s your experience with Cryptocurrency?

Do you have a good knowledge of How to Make Money Trading crypto on a consistent basis?

Let us know by leaving your comment on the YouTube video above!