The purpose of crypto trading is not to predict the price movement, but to take advantage of price differences. You need to implement a simple rule for trading. Reduce your losses and make more profits. In this tutorial, I will present to you a unique trading system that is helpful for a long-term profitable crypto trading journey.
This method is composed of three indicators: MCAD, Bollinger band, and 5-day moving average. Many new crypto traders failed because they followed the retail investor strategy. This system is based on short-term trading, but first add the following indicators to your charts.
- First, add the five-day moving average to your favorite crypto coin chart.
- Add the MCAD indicator and don’t change its default values.
- Now add the Bollinger Band indicator, and don’t change its default values.
By using these three indicators, you can find the right direction to enter and exit the market. The 5-day moving average gives the quick details of momentum, and the Bollinger bands and MACD tell you when to enter and exit the trend. If you look at the above chart, you can easily find that the prices are above the 5-day moving average, and Bollinger shows the prices lie in the lower band. The MCAD golden cross suggests making the entry and taking advantage of the price difference.
The system is useful for short-term trading with a 15-minute time frame. Remember, not every system is suitable for everyone. Before using this system, take risk prevention measures and participate. Thanks for reading.
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