Hello All,
Bitcoin is very popular today and lot of exchange give their best service for their clients/customer to buy bitcoin for investment purpose or for daily trading.
Actually most of people buy btc (bitcoin) is for getting profit, right? Or just "have" it?
OK, when should i buy? Is that the best time to buy? What happen if the price still going down?
The following image/graphic is my own strategy/planing when i decide to buy BTC
Image 1, this is daily BTC/USD chart, when i may buy?
Image2: Image3: OPEN BUY on OPENING CANDLE
Stop Loss? = YES
TAke PROFIT Depend on Movement
CLOSED IF BUY SIGNAL change to SELL/FAIL BUY SIGNAL
WHY BUY on that candle?
check image below I used trend-line chart and make support/resistant line, so if price open significantly above trendline , i buy
But the fact price still down on next candle so close buy position and wait for next buy signal
Check image below
I dont use red trendline anymore check Aqua color trendline as support was break
Now resistant line is Yellow, if price closed significantly above that line, i will buy
Buy Position? And check line chart again
CLOSED BUY on RED LINE
Wait next BUY signal again Check image below
I dont why i cant not preview image directly on my thread, if you want to check detail, go to
http://bangdenblog.blogspot.com/2018/09/profitable-bitcoin-trading-system.htmlThis is for daily analysis, we can apply this to small time frame such as 5 minutes TF, 15, 1 H etc. This is only for Buying position only, IF we use margin trading exchange/broker, we can open buy and sell potion
Disclaimer: This is my way to analysis when i "buy" or Sell BTC/usd
If you have question , please comment here
You can add your own opinion/strategy so we can make better result
Regards,
Bangden