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BYBIT BTCUSD 4H Automated StrategyHi guys, here's a new strategy for BYBIT:BTCUSD in 4h (240) timeframe. Long and Shorts. To create this setup I backtested the configuration on one year data (2019 to today). The goal was to make a solid Swing Trading Strategy which catches major moves in the market, with a relatively low risk. To achieve this the idea is to use a Trailing Stop Loss AND Take Profit. I know Bybit doesn't allow such features but my indicator has it in its body. The Long Take Profit starts at 30% which is 3 times higher than the Short one, because that's how Bitcoin is: its bull rallies tend to be stronger than the bears. For the entries, I used oversold and overbougth reversing RSI in order to capture tops and bottoms. RSI length of 7 with a lookback of 125 bars to get the highest/lowest point. I filtered the bad entries using Tilson T3 trend line with a length of 36 days. I hope you find the strategy interesting! For those willing to automate or backtest using my private indicator, use the links below to get it. Here is the configuration: To create the alerts, use the regular 'LONG ENTRY' and 'SHORT ENTRY' for the entries and 'ALL EXIT' for exiting both kind of positions.
BYBIT:BTCUSD.PEducation
by cyatophilum
2
December 31 BTCUSD Bybit Chart analysis Hello, it’s BitcoinGuide. There were lots of things in 2019. I wish I could have done better, as I sincerely appreciate all your supports always. I will continue all my efforts next year too. Wish you all good luck and happy new year. Today, don’t forget to “Follow” me and press “Likes”. I will begin BTCUSD Bybit Chart analysis for December 31th This is analysis for yesterday. It was route B movement. I’ve also mentioned about orange trend line. As the price went down below the converging section, it dropped until the target point. The price precisely touched the weekend gap difference and had a rebound. It was about $170 movement. Congratulations. This is 4H candle chart. There was a weak rebound in the morning. And I brought a strategy based on this. This is 30m candle chart. I will briefly explain. 1. Please refer to route A & B with A’s long position entry timing / B’s short position entry timing / with each price point of $7,242 2. In case of route A, please check it does not go down below the long position point (If it does, follow route B) Finally, check whether the price touches final smile face line. We are at safe zone at this point 3. In case of route B, please check the price goes above short position point. (Typical short position entry point). If it does not go down, please check out route A. When the price goes down below green parallel line with an additional candle, please enter short position This is it. I’ve indicated 2 blue finger pointers, red finger pointer as bonus points. Hope you cope well with it. Hope you have a good day. I will come back to you with FX margin trading, overseas futures analysis in the afternoon. Thank you. (Translation Jae Ho Shin)
BYBIT:BTCUSD.P
by BitCoinGuide