Trading Bitcoin Vs Steem on Bittrex
I've been trading pretty successfully on bittrex and I thought I would share my strategy.
What I trade
I trade bitcoin vs steem so I don't mind holding either coin because I believe in both of them. So If I make a bad trade I will just hold until I can make a profit from bitcoin going up/going down or steem going up/going down. You only lose a trade if you make the trade.
Tradingview.com
I use tradingview.com for my charts. I only use a free account (that's all you need). I use three different indicators. I use two moving average exponential lines. One with the average of every 34 candles and the other with the average of every 13 candles. ( I use 30 min candles ) So when the 13 line (red) goes below the 34 line (black) it is a good buy and when the 13 line goes above the 34 line it's a good sell. The third indicator I use is Fibonacci Bollinger bands (all the other thin lines). This shows good entry and exit points in the market. If the price spikes outside of the Bollinger bands on either side then it is a great buy or sell.
Summary
If you don't trade with emotion and you use the indicators I told you, you can make a great profit trading Bitcoin vs Steem. My rule is, never sell unless the 13 is above and never buy unless the 13 is below. Also just be careful in general and use your head. Make good trades. Don't make a losing trade. ever. You can earn anywhere from 5-25% per week of your trading bankroll if you're smart.
If you have any questions or suggestions let me know.
I hope you enjoyed reading!
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