Altcoin Crypto Trading System

The altcoin trading system is suited for crypto day traders and investors.

This system offers good cryptocurrency profit making opportunities that are absent in stocks, futures, or other financial markets.

Furthermore, the altcoin trading system is designed to aid cryptocurrency traders navigate the uncharted territories of digital currencies.

Earning profits in the cryptocurrency market is largely as a result of its volatility.

To stay in the green using this simple system, first you must give it your undiluted attention to avoid costly mistakes.

Several factors were carefully considered before arriving at our trade entry/exit rules and to rule out failure, we say ‘stick to the rules.’

It’s that simple!

Trade Setup 

MT4 Indicators: guppy-multiple-moving-average-long.ex4 (Colors Modified; #5=Blue, Colors Width Modified; #5=2), Relative Strength Index.ex4 (Parameters Modified; Period=36)

Suitable for: Scalping, day trading, swing trading, investing

Trading Time: 24/7, Around the Clock

Cryptocurrency: Any (Bitcoin and altcoins)

Timeframes: Any

Download

Download the Altcoin Trading Strategy

Buy Trade Example: LTC/BTC (Litecoin / Bitcoin), H1 Chart

Fig. 1.0

Strategy Rules

Buy Signal

Open a buy trade if the following trading conditions appear on the crypto chart:

  • If the blue line of the guppy-multiple-moving-average-long indicator crosses below its red lines as shown on Fig. 1.0, while also staying below the candlesticks, the altcoin is said to be pressured higher i.e. a trigger to go long on your selected altcoin.
  • If the dodger blue line of the Relative Strength Index Metatrader 4 indicator breaks and hovers above the 50.00 horizontal signal level as seen on Fig. 1.0, price is said to be favoring upward risk, therefore a buy signal is said to be looming.

Suggested Stop Loss for Buy Trade: Place stop loss below support.

Suggested Exit Strategy/Take Profit for Buy Trade

Exit the buy trade if the following trading conditions appear on the chart:

  • If during the course of a bullish trend the blue line of the guppy-multiple-moving-average-long indicator crosses above the entire stretch of contracted red lines, bulls power is said to be halting i.e. a trigger to exit or take profit on the altcoin of interest.
  • If the dodger blue line of the Relative Strength Index indicator dips below the 50.00 level while a bullish trend is running (see Fig. 1.0), the overall altcoin bullish market sentiment is said to be weaning, therefore an exit or take profit is recommended.

Sell Signal

Open a sell trade if the following trading conditions appear on the crypto chart:

  • If the blue line of the guppy-multiple-moving-average-long indicator crosses above its red lines as illustrated on Fig. 1.1, while also staying above the price bars, the altcoin is said to be pressured lower i.e. a trigger to go short on designated alternative coin.
  • If the dodger blue line of the Relative Strength Index digital currency indicator aligns below the 50.00 horizontal reference level as seen on Fig. 1.1, price is said to be backing downward risk, as such a sell will suffice.

Suggested Stop Loss for Sell Trade: Place stop loss above resistance.

Suggested Exit Strategy/Take Profit for Sell Trade

Exit the sell trade if the following trading conditions appear on the chart:

  • If while a bearish trend is ongoing, the blue line of the guppy-multiple-moving-average-long indicator crosses below the entire stretch of contracted red lines, bears power is said to be diminishing i.e. a trigger to exit or take profit forthwith.
  • If the dodger blue line of the Relative Strength Index indicator surges above the 50.00 level while a bearish trend is ongoing (refer to Fig. 1.1), the general altcoin bearish market sentiment is said to be halting, therefore an exit or take profit is advised.

Sell Trade Example: LTC/BTC (Litecoin / Bitcoin), H1 Chart

Fig. 1.1

Free Download

Download the Altcoin Trading Strategy

About The Cryptocurrency Technical Indicators Used

The guppy-multiple-moving-average-long is a variant of the Guppy Multiple Moving Averages (GMMA).

It’s deployed to spot changing trends within altcoins and Bitcoin via the use of a method that combines two groups of moving averages with varying time periods.

The Relative Strength Index is a momentum based indicator that gauges the magnitude of recent price changes to determine overbought or oversold conditions within any altcoin of your preference.

Easy Installation

Start using this cryptocurrency system in just 5 minutes. Click here to get started now.

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