PROFITABLE 4HR BITCOIN TRADING STRATEGY 2.0
Updated
Profitable strategy for trading bitcoin on the 4hr char, I published an idea last week showing a strategy on the 12hr chart.
Top chart
4hr Time Frame
Weis wave volume by LazyBear (4)
Heikin Ashi candles
Bottom Chart
4hr Time Frame
Weis wave volume (Not necessary to use, just shows the comparison/ difference between Heikin Ashi bars and normal candles)
Candlestick
The idea is, that when the WWV indicator turns from red to green you buy, and green to red you sell. You need to read this from the top chart, due to the smoothing of the heikin Ashi candles it allows for smoother waves and essentially better signals. The bottom chart is the real price of bitcoin with the candles showing the high,low,close,open something heikin ashi doesnt do due to its nature. do not take signals from the WWV on the bottom chart!
Results
5th - 30th December, You'd have profited 12077.96 pips with a buy and hold strategy only producing a couple of thousand pips.
Green Box - Profitable buy
Red Box - Profitable sell
Yellow box - Losing trade
Downside to this strategy is you will need to be available to make trades every 4 hours which for obvious reasons may prove difficult.
Enjoy!
Top chart
4hr Time Frame
Weis wave volume by LazyBear (4)
Heikin Ashi candles
Bottom Chart
4hr Time Frame
Weis wave volume (Not necessary to use, just shows the comparison/ difference between Heikin Ashi bars and normal candles)
Candlestick
The idea is, that when the WWV indicator turns from red to green you buy, and green to red you sell. You need to read this from the top chart, due to the smoothing of the heikin Ashi candles it allows for smoother waves and essentially better signals. The bottom chart is the real price of bitcoin with the candles showing the high,low,close,open something heikin ashi doesnt do due to its nature. do not take signals from the WWV on the bottom chart!
Results
5th - 30th December, You'd have profited 12077.96 pips with a buy and hold strategy only producing a couple of thousand pips.
Green Box - Profitable buy
Red Box - Profitable sell
Yellow box - Losing trade
Downside to this strategy is you will need to be available to make trades every 4 hours which for obvious reasons may prove difficult.
Enjoy!
Note
Another crypto strategy!
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