Cryptocurrencies Trading System For Beginners

This profitable cryptocurrencies trading system for beginners is an essential system that capitalizes on frequent price movements on the crypto chart.

The trading system relies on in-depth technical analysis, chart utilization, and patterns to forecast future cryptocurrency price actions.

It will deliver a thorough break down of a beginner system and working it all the way up through the trade setup specifics.

This crypto system will be pointing you in the direction of what is useful when hunting for profits as a newbie.

Ultimately, you’ll better appreciate the art of buying cryptocurrencies at low prices and selling high after plugging on this system.

Our goal is to place you on a better footing of generating good returns on your investment.

Trade Setup 

MT4 Indicators: hull-moving-average.ex4 (Default Setting), Moving Average.ex4 (Parameters Modified; Period=Simple, Style=Red), Holt_double_exponential_smoothing_trend.ex4 (Inputs Variable Modified; Trend period=20.0)

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 Cryptocurrency Trading System For Beginners

Buy Trade Example: ZEC/USD (ZCash / US Dollar), 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 red 36 SMA indicator line crosses below the dual colored hull-moving-average-crypto indicator line as seen on Fig. 1.0, the overall ZCash crypto market sentiment is said to be bullish i.e. a trigger to go long on the selected cryptocurrency.
  • If the gray line plus lime green histograms of the hull-moving-average indicator break and hover above the 0.00 reference level as depicted on Fig. 1.0, the ZCash digital currency is said to be pressured higher i.e. a trigger to go long.

Suggested Stop Loss for Buy Trade: Place stop loss below the red support line and trail your stop up.

Suggested Exit Strategy/Take Profit for Buy Trade

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

  • If while a bullish trend is ongoing, the red 36 SMA indicator line intersects the dual colored hull-moving-average-crypto indicator line, ZCash crypto price is said to be making a likely bearish reversal, therefore an exit or take profit is recommended.
  • If the gray line of the Holt_double_exponential_smoothing_trend indicator dips below the 0.00 horizontal level as illustrated on Fig. 1.0, ZCash bulls are said to be taking a hit, as such an exit or take profit is advised.

Sell Signal

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

  • If the red 36 SMA indicator line crosses above the dual colored hull-moving-average indicator line as shown on Fig. 1.1, the general ZCash crypto market sentiment is said to be bearish i.e. a trigger to go short on the designated cryptocurrency.
  • If the gray line plus orange histograms of the hull-moving-average indicator break and hover below the 0.00 horizontal level as exemplified on Fig. 1.1, the ZCash digital currency is said to be pushed lower, as such a sell signal is imminent.

Suggested Stop Loss for Sell Trade: Place stop loss above the red resistance line and trail your stop down.

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 running, the red 36 SMA indicator line intersects the dual colored hull-moving-average indicator, ZCash crypto price is said to be making a probable bullish reversal, therefore an exit or take profit stance will suffice.
  • If the gray line of the Holt_double_exponential_smoothing_trend indicator surges above the 0.00 alert level (see Fig. 1.1), ZCash bears are said to be closing their trades increasingly, thus a trigger to exit or take profit on the selected digital currency.

Sell Trade Example: ZEC/USD (ZCash / US Dollar), H1 Chart

Fig. 1.1

Free Download

Download the Cryptocurrency Trading System For Beginners

About The Cryptocurrency Technical Indicators Used

The hull-moving-average is an MT4 indicator that attempts to eliminate price lag, while also enhancing smoothing.

The 36 SMA (Simple Moving Average) is a technical analysis indicator that smooths out digital currency price data by constantly creating an updated average price.

The Holt_double_exponential_smoothing_trend is a form of a “crypto-chart average like” custom indicator that can forecast trend.

The indicator oscillates above (buy) or below (sell) its 0.00 signal level.

Easy Installation

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

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