Day Trading BITCOIN and Cryptocurrency (How To Make $500 a Day)

Day Trading BITCOIN and Cryptocurrency (How To Make $500 a Day). Would you like to learn day trading cryptocurrency and make a consistent $500 per day?

The crypto market’s unique characteristics require you to have a firm understanding of how it works. Otherwise, your experience can be like skydiving without a parachute.

The good news is that we’re going to provide you with everything you need to survive crypto day trading.

Day trading the cryptocurrency market can be a very lucrative business because of the high volatility. Since the crypto market is a relatively new asset class, it has led to significant price swings.

• Download “TraderVersity-CryptoSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity-CryptoSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “TraderVersity-CryptoSystem” trading system and strategy.
• You will see “TraderVersity-CryptoSystem” is available on your Chart.

Before day trading Bitcoin or any other alt coins, it’s also important to check how liquid the cryptocurrency you wish to trade is. You can do so by simply verifying the 24-hour volume of the crypto trade.

CoinMarketCap is a good free resource to read and gauge the market volume of any particular coin. Note: Always remember that not having enough liquidity could lead to substantial slippage and subsequent to bigger losses.

 

The idea behind crypto day trading is to look for trading opportunities that offer you the potential to make a quick profit. If day trading suits your own personality, let’s dive in and get through a step-by-step guide on how to day trade cryptocurrency.

 

• Step #1: Pick up Coins with High Volatility and High Liquidity
• Step #2: Bullish Trend Line on the 15-Minute Chart
• Step #3: Apply the Money Flow Index Indicator
• Step #4: Wait for the Money Flow Index to reach the 100 level
• Step #5: Buy if MFI reading above 100, and if the market bounces off the bull trend line
• Step #6: Hide your protective Stop Loss below trendline, and Take Profit 3 times your risk

 

• Step #1: Pick up Coins with High Volatility and High Liquidity
• Step #2: Bearish Trend Line on the 15-Minute Chart
• Step #3: Apply the 3-period Money Flow Index Indicator
• Step #4: Wait for the Money Flow Index to reach the 0 level
• Step #5: Sell if MFI reaching the 0 level and if the market bounces off the bear trend line
• Step #6: Hide your protective Stop Loss above the trendline, and Take Profit 3 times your risk.

 

Making a living day trading cryptocurrency can be a lot easier due to the high volatility nature of the crypto market. High volatility suits day trading very well, so you have the right environment to succeed.

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