BITCOIN TRADING - Arguably The Best Bitcoin Trading strategy (MACD Indicator)
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- เผยแพร่เมื่อ 29 พ.ค. 2024
- In this video I show you my strategy for trading Bitcoin and how in just 12 trades you could have turned 10k into 1.3 Million.
The trading strategy uses momentum triggers in the form of MACD, the MACD indicator is generally the only indicator I use other than volume, price action and moving averages.
By using momentum and solid risk management you lay the foundation for excellent risk reward. For Bitcoin in particular, the combination of the Weekly and Daily MACD indicators we can take advantage of the volatility by staying in the trend on the way up and exiting quickly on the way down.
Many Bitcoin traders and investors alike saw a drawdown of 84% in the last bubble whilst sacrificing huge gains and many nights sleep.
I consider this the optimum Bitcoin trading strategy.
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I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
That's awesome
Which source/platform did you use to earn such huge sum of money?
As I know it's possible, I'd appreciate it if you showed me how to do it.
It was with the help of Cassandra Roberts i am who i am today
I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts
I love your Momentum Dual MACD Approach!
It's beyond amazing sir!
With all due respects I must agree with you that most folks love complexity instead of simplicity.
Look at the Weekly chart = MACD DOWN = YES = WAIT for MACD to cross upwards
Look at the Weekly chart = MACD Up = YES = GO TO DAILY = MACD UP = YES = enter your trade
Sounds pretty dang gone simple to me. I like simple.
That method totally kicks ass.
Now if I can just find trades like you pros do then it's off I go to the races!
Thanks again for sharing your wisdom sir.
Just join my group😄
@@FinancialWisdom Link Please sir?
As a trader, I always emphasize the importance of seizing opportunities in every market. Trust me, day trading is booming right now. Gerry accurate predictions are invaluable 5 stars!⭐⭐⭐⭐⭐
I reckon trading with an expert is the way to go. It'll help you avoid the trauma of big losses, at least
Building a good investment portfolio is more complex so I would recommend you seek Gerry’s support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.
an interesting strategy but completely prefer to use a simple 40ema using a monthly chart. This completely eliminates all the short term noise that you get with bitcoin. I went long in May 2019 at 6900 and took profits just after the top in March 2021 at 58700 for a 980% gain. Not bad 😃. I went long again in April 2023 and am currently sitting on a 123% profit. Simple ema averages are the way to go if you want to make maximum profits. You have to be patient though.
Best video I’ve seen yet
Im a starter and doing this besides my work. This strategy is easy and can be done with only a few hours per week.
Thank you!
Excellent!
What an excellent strategy!
Thank you very much for sharing your knowledge and educating the masses.
My pleasure! Thanks for watching!..
Probably the BEST Bitcoin investing strategy I've ever seen. I will use it myself. Thank You so much for these videos! They are amazing resources. I am a subscriber for life.
Thanks RightBrain.. Gald you enjoyed it🙏
Thanks Gareth. Fascinating. I don't do bitcoin but I do Tesla (which is a kind of proxy bitcoin). The dual MACD seems to work well. Whilst I'm sure dual MACD is good for most equities, I'd guess it's more accurate on speculative stocks where one is buying and selling on herd behaviour rather than news and fundamentals. Bitcoin is many ways is the perfect asset because it has (as far as I can see) no intrinsic value.
Absolutely spot on William, I dont use the dual MACD for stocks because I lean on longer term fundamentals and therefore pay less attention to short term fluctuation (daily MACD). Yes Bitcoin and the association of crowd behaviour makes this strategy great to capitalise on.👍
Awesome! Thanks. This is one of your greatest videos. Cheers from Brazil!
Glad you enjoyed it!
Thank you for sharing a amazing simple content, entry and exit strategy method. I now know the power of dual MACD when applied together. It’s an edge which I applied since watched your video, both of my of my winning trades worked 🥰😍🙏
Glad it was helpful!
I love your videos and the way you are explaining everything.
I appreciate that! Thanks🙏
@@FinancialWisdom could you make a video testing on Elrond or Ada ? Tnx.
Great video. Thank you. Helps quite a bit.
You're welcome!
Thanks a lot for your wonder content! Fabulous back-tested strategy with wonderful presentation.
Would be great if you could share more thoughts/strategies on trading other cryptos too!
Noted👍
i watch every video 3/4 times great work sir i realy thank full to u sir from india
You are most welcome🙏
As usual very helpful and clear video, keep it up 👍🏻
Thanks a lot!
Excellent video and explanation...kudos to your efforts 👏
Thanks a lot 😊
Wow. My brain just froze a bit. Thank you for sharing this, it reinforced what I've learnt in your Channel and other Trend Following media. Risk management + discipline + strategy (ideally with a proven edge) = reasonable, realistic results. Creating wealth slowly.
Thanks. Yes spot on👌
Please make more of those videos with your trading systems !!! There are awesome !
Will do!
This is the easiest most profitable BTC strategy I've ever tried. Thank you so much!
You're welcome!
Great content will like to see more of these 👍🙏
You got it!
Thanks for revealing all these to us, what more can I say than it takes patience and perseverance to value the true nature of bitcoin, price rocket up inconceivably bitcoin on its way to $20,000. If said this is to happen, it will be very unwise for us not to know how to increase our bitcoin instead of just keeping it
Bitcoin is the future investment in it now is the wisest decision to make especially with the current rate
Am glad you noticed that bitcoin is going to 3000$ very soon
How does this whole bitcoin thing work? I'm interested in it and willing to invest heavily in it but am gonna need an assistant from a trusted productive professional
You really need someone to tell you how to invest in Bitcoin, you can make research on your own and try doing it yourself first
The rich stay rich by spending like the poor and investing without stopping, then the poor stay poor by spending like the rich yet not investing like the rich
Investing in Bitcoin is the best decision to make now
A really useful video thank you. Recently I felt the relentless 24hr/day nature of Bitcoin was more trouble than it was worth. However, I can see this strategy, looking once per day, is exactly what I’ve been looking for. Excellent as always!
Glad it was helpful!👍
Thanks a lot, very nice.
Thank you too!
The best video so far for trading crypto
🙏 Thanks means a lot
This is about what I was looking at but on a shorter term. Week day 6hr 4hr 1hr and also looking at RSI. :)
Hopefully helped in some way👍
It took me a few reviews of this video to understand what was going on....now I marvel at the simplicity of the process. I use GBTC as my vehicle as I can trade it at my brokerage. I was familiar with MACD but I had not used it ....using the weekly to confirm when to buy and the daily to advise when to set the set the stop loss is PERFECT for me. Having the MACD readily available at my brokerage website makes this super easy and checking the daily chart after the market closes is a nice path for me. Thank you for this video ...I have shared it with a few. Added comment ... I found that unfortunately I can’t set a stop loss on GBTC but just watching manually and selling is adequate for now .... and after finally dipping my toe in the water and watching the video one more time I think I finally understand
Great, thanks Kimm🙏👍
Would love to see a video on the use of the dual MACD used here!
Noted!
Very useful video! Thank you!
You're welcome!
I don't trade in Bitcoin but surely try to use this strategy on NSE/BSE stocks... Thanks for excellent information 🇮🇳 thanks for India...
Great 👍
Thank you for your videos.
Thank you sam
Hi. I love the video.
Just wondering can it work on other crypto like ETH and XRP?
Message to Financial Wisdom ;
Very well said. I’m hoping that you can do a video on Bitcoin MACD @ 1 minute timeframe. I need to learn more on this. Why? In my MetaEx platform, with the “BTC Trend Analysis Exchange Group” Chatroom, we are using this 1 minute timeframe. Can you please do this suggestion? I’ve been looking everywhere in TH-cam for this kind of video.
One more thing, make sure that the video is in English caption. Why’s? Cuz I am deaf.
Thank you for kindly for making this video. I’m taking every baby steps in learning. 👍🏽👍🏽👍🏽👍🏽
Just tried this for the first time. I scanned a crypto featuring the weekly MACD crossover setup. Started with a 40 dollar position since this is my first time trading the system and I just wanted to focus on putting the principles into play. Unfortunately got into the trade a bit late (was faffing about with trying to limit buy just to save a couple cents, but it never triggered) then followed the system. Got out today with a net profit total of...6 cents after fees XD. If I had entered the trade on time, it would have been a 10 dollar profit for a 25% return in a 6 day period. Clearly I failed in the execution, but I learned some valuable lessons like how to follow this system, how to actually set a stop loss, how to have an actual risk management system in a trade, and that being a miser to save 4 cents in trading fees is really stupid compared to just properly timing your trades. I'd been using simple buy and hold strategies but I feel a lot more confident about managing my trades now after incorporating some knowledge from your videos, so it was definitely worth and I'm excited to continue to learn and become a better trader in the future.
Excellent as always!
Thanks again!👍
Very underated video rn but give it a couple years it’ll be on people’s recommended haha 🤙🏾
Thanks, Hope so!🙏
Strategy is the key element to a long term successful trading,binary option,forex and other cryptocurrency
Extremely useful video. Congratulations for the channel! I've to admit I feel a lot more trustful in myself as I start understanding the basics of the market and also chart analysis. For some months I've been investing in crypto, analysing just the projects but not the charts, and that came out in bad risk management. I wasn't taking control over my investments and my account went all the way up to 200% and then down 50%, but only due to the market trend... Like a ship adrift. We'll see if I learned well the lesson. Thanks a lot for sharing your knowledge. Keep pushing with this awesome channel.
Hi Edu - Thanks for the feedback🙏
Very interesting, I also used a very similar strategy since 2017. Long moving averages for larger trend. Shorter for local trends. Then combination of variance and ranges to signal breakouts
Hey ! Great video. I tried doing a backtest, from Oct 2015 till today, and with this strategy, though we have cut max DD to half, the initial $250 would have only turned to $18k. I think I might be doing the backtest wrong, since in the same period you mentioned in the video, I've got 28 trades - far higher than the number mentioned in the vidoe. Do you mind sharing the dates of entries and exits ? Thanks in advance !!
Would an alternative way to do it would be to:
1. Use daily chart
2. Create a MACD with the default settings multiplied by 5 (60,130,45)
3. Place a second MACD with default settings (12,26,9)
This would allow you to use one chart to look at both MACD on same chart. Does this work?
Possibly 🤔
BTC trades 7 days/week so maybe you have to multiply by 7
FinWis! First comment but I've seen just about all your Book Reviews and super love ALL of them. Your animations keep it lively and I have learned so much from all of your videos, you are providing a great service! Would you say The Trend Following Bible would be the best resource to learn more about the theory and use of MACD? I suppose there are more youtube explanation videos as well. Or other vids/books you'd recommend? Thanks!
Thanks finwis! I get asked this question quite often... I think a blend of all books until you find a strategy that makes sense to you and suits your personality. You really need a broad understanding not just technicals, but probabilities, mindset etc. Keep reading and watching 😉
Great channel with awesome content!
Keep up the great work, thanks for the great info!
What platform do you prefer to trade crypto?
Thanks Roberbit! Thanks...🙏 I now use Etoro for Crypto.
Thanks for making really good videos for free 🙂
My pleasure!
Hey, I watched this video long time ago.
I think I finally got it. I just wanna say THANK YOU!
I’m gonna apply this to all my trading!
Any comment on that?
Hi Koowasha - It works well for Bitcoin, but stocks do not behave the same way. I use similarities for stocks but with far more criteria.
Thanks for this usefull video. One question, after the daily negative crossover, if the stop loss below candle does not hit, do we continue being in the long position?
Hi Prince, yes you would stay in the trade until the stop is hit. Of course if the daily crosses back up and eventually crosses back down we then move the stop loss accordingly.
This has been the most educational video yet. Your inspiring to the community of traders trying to sort out all the noise.. Thank you
Glad it was helpful!🙏
Thanks
Thank you very much 🙏👍
Awesome. Do you put in a wide stop when you start a position like when you see a cross over in the weekly? Thanks for all the content really love it !!!!
Hi Nick, Actually its the only strategy/asset which I do not use a hard stop, but I compensate for a lesser account equity percentage
Thank you. Question: isn't "stairs up elevator down" true for all of the market? Why not just use this for regular stock trading as well?
Perfect timing, I just finished a summary 😂
Hope you enjoyed it!
First, Thanks for your good videos and advices! And 2: Where did you put your stop lost in the enterring? I don't find it in the video and i think there would be a better stop to put than a %tage.
Another great video!
You may consider putting a correction label on 02:41 where MACD formula is incorrectly written in contrast to what you define, MACD = [12-EMA] - [26-EMA].
Thanks for that!
@@FinancialWisdom how did u get that returns? I backtest with same MACD strat in your video. And while I got good returns about $10k to $100k for the same time period and not $10k to $1.3mil as you claimed.
DIFFERENT RISK RETURN RATIO PYRAMIDING IS REASON HE GOT -100X SAME TIME SAME MACD SAME RAT POISON BITCOIN- BUY IN -5 UNITS -10% SL -2% RISK 👨🎓LIKE JESSE LIVERMORE (2) 2:30 RISK REWARD IN PYRAMIDING /10:50-SAME -50% MOVE SAME -10% TRAILING STOPLOSS
@@icyboy771z Did you compound the return at each trade?
@@FinancialWisdom yes
Thanks for the great video. Just wondering how do you mitigate trading during sideway trend?
Thanks again! Big fan!
I think thats why the strategy works well with Bitcoin due to its cyclical/volatile nature, if it was a dormant asset it would be difficult
I'm glad TH-cam Recommended me this video, great content!!
Awesome! Thank you!
Great content, as usual. Just wondering if you backtested this strategy, maybe with other crypto or stocks and if it's even possible to backtest it somehow. Keep it up ;)
Hi Nicholas, you could certainly backtest against other crypto currency, in theory it should work. at the very least it will limit risk...👍
great video - do you have any video on the setting up the stop loss under the closing candle you mentioned....thank you for taking the time to make this
It is very simple, and should be clear in the video..👍
That was great. Could this strategy be used in other coins such as Ethereum?
I would say yes, but I have not back tested myself.
Where do you place your initial stop when opening the position? This is a great strategy, beautiful in it's simplicity.
Interested in starting. Do you think it matter when you buy into BTC to start using this strat? i.e. dont start at an ATH?
Awesome dude!!!
Thanks!!
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Underrated video this
Thank you
very knowledgable videos
Glad you think so!
great content as usual! could you elaborate a little bit on a Stop loss process; do you have a stop loss in place after you go long, right at that moment (like ATR or fixed % based) or you only place a stop loss once MACD crossover retakes place! Thank you!
Excellent presentation
Thank you! Cheers!
Many thanks for this amazing advice. May i ask you, do you think this strategy would be profitable for major commodities like gold, silver, copper, natgas, oil, etc. ?
Hi, It would need to be back tested to confirm unfortunately - Every asset behaves differently for numerous reasons👍
This is amazing! Thank you for sharing this. *BTW, have you thought about employing the same strategy on the downturns? So if weekly is in the red and daily goes in the red, to place a short? Did you backtest this?*
Hello sir, what time frames and frequency do you set your weekly and daily charts?
For example if you do a monthly chart with daily as the frequency your signal line is above.
If you move your frequency to X2 a day on the same monthly chart your signal line is below.
Thank you in advance.
Hello, thank you so much for this. What trading platform do you use to graph the charts
Hi Clemente. I use MarketInOut bit.ly/3oO1exN and IG Index.
Although most charting sites with a MACD will suffice
No, the profits of my btc daily algorithm returns 12 million in the same period with a profit factor of 7.3. The larger sample size of 158 trades compared to 13 also gives me more confidence that it will continue to perform as it has succeeded through every kind of condition. Basically, using recent volume (considering only 3 days) and modified force indices (not exponential) on a 3 or 4 day scale to predict a likely green candle and pump immediately, and then exiting as rapidly as possible on the first close under a fast ema, then waiting for small scale momentum and volume again to suggest the end of the pullback. Rules for shorts are very different because action is often very sideways, not as often in brief pumps for a few days or weeks, so only 2 or 3 entries per bear market, not exited so quickly. 50 Day SMA direction determines whether to take longs or stop taking longs and wait for the rare short.
What exactly are the force indices setting you use as well as the setting of the fast EMA?
Thank you and very informative. Did you only use 12 26 9 for the MACD Settings? or a different setting/s?
HI DK yes the standard settings
Thanks for making this video. I'm new to technical chart, could you please share how to set these dual MACD charts?
It is simply looking at the MACD indicator on the weekly chart, and then looking at it on the daily chart separately.
Thanks for the very well constructed and informative content. What is the time frame of each chart? 6-month period for weekly chart and 3-month for daily? Or?
Hi, Weekly initially, and then daily.
@@FinancialWisdom yes I understand that, I was wondering what time frame you choose for the plot? For weekly average for example, you can look at 3 or 6 month or longer. But maybe it doesn’t make a big difference
Just discovered your channel. Great content. I have consistently avoided trading crypto currencies due to the volatility, but this video has given me the confidence to dip my toe in the water. Which platform do you use to trade Bitcoin?
Welcome aboard! I use Etoro only for Crypto, for no other reason than I had an account originally. I use IG Index for my bread and butter stock trading.
Excellent video. can we use this strategy for stocks, ETFs also? can we use this for short side also using futures or options?
Hi Ravi, I dont use the dual MACD for stocks because I lean on longer term fundamentals and therefore pay less attention to short term fluctuation (daily MACD). I would imagine we coul;d use for ETF etc but would need to confirm through backtest.
Your TH-cam channel helps me a lot in understanding momentum and it's significance.Thanks a lot.
Great
So simple and solid , great! Thanks so much for sharing !
Glad you liked it!
Hi, excellent video for bitcoin,
Thanks
can you use this strategy for stocks also?
variations of it yes
PHENOMENAL!!! Your videos have really been showing me the power of the MACD and also how different intervals work together.
Glad to help!
thanks man, much appreciated. I follow you since more or less 6 months and your videos are really valuable.
I appreciate that!🙏
been following the strategy since nearly 1 month now currently in a limit stop at the moment!
Hi. Have watched just about all of your videos over the last few weeks. Well done. BTW, have you applied the BTC strategy to stocks?
Thanks Graham, parts of it... with some other criteria.
Neat strategy!✨👍
Thanks, update coming this week
Thank you so much for posting this strategy. Has this strategy been just as successful in the last 12 months?
Hi Tommy, thanks. Yes, i share the performance on the group.👍
I noticed back testing this strategy in the most recent time period (March 22 to current) it didn't fair too well. Do you think adjusting it a bit to include only taking trades when the MACD line (on the daily (or Weekly) is above the Zero Line (like in the FAANG strategy) might improve it?
Buy 6 months before the Bitcoin halving and sell 18 months after the halving. Back test that the last 3 cycles and you will see it did AMAZING!!
Very, very good explanation of your strategy. Thank you! One question - do you have a special broker to trade Bitcoin?
Hi Julia, I did use IG Index until they changed the rules, I now use Etoro (for Crypto only), for no other reason than I already held an account, but due to the infrequency of trading Bitcoin any pro's or con's in comparison to others are not too significant to me.
@@FinancialWisdom Thank you very much for answering!
I really like the video but I am slightly confused. For the dual MACD strategy, does the cross-over between the MACD and signal line have to be above the zero line or can it be under it for both time frames? In the FANG stock video, crossing the zero line was pivotal in our buy decision.
Hi Bitcoin is simply the cross - Every asset class behaves differently.
Thanks!
@@FinancialWisdom why the double timeline strategy? You got donchian strategy and others, did you backtest others? Would you choose the same, or another better strategy of you were in 2017 again?
Finally another one, ❤️ I really love this content
Thanks Joshua🙏
All your videos are great. Appreciate it all so much. This is my favorite
Happy to hear that!🙏👍
Super vedio sir. Sir we can use same MACD Rules for stocks also ?
Same Rules can we apply for 60 min and entry & exit in 15 min.
Humble waiting for your guidance. Thank you sir
Hi Gopi, I dont use the dual MACD for stocks because I lean on longer term fundamentals and therefore pay less attention to short term fluctuation (daily MACD). The principle I guess would be the same on lower timeframes but without back testing I would be hesitant to confirm.👍
Could this work for any of the main cryptos?
Great strategy, well presented! Ever tried it on ETH or a stock?
Yes I have, similar perfromance.
Hi, when you talk about your stop loss, do you set it up from the candle close or the candle low of the current day ? If the price bounce back do you cancel your order ? Thx !!
HI Charles, the candle low for the day (tail), no I don't cancel the order I would keep it in place.
Very interesting. However, I followed the strategy exactly and found quite a few more unproductive and negative trades. Then I noticed that I was working with Coinbase data while you were working with OANDA data. The OANDA data seemed close to the Coinbase data but the MACD on Coinbase data has more slight crossings than on OANDA data.
Hi Paul - Are you using raised stops under the wick of the candle too? The strategy would have got you out near the top and missed the considerable decline for sure either way.
What macd setting do you youse for weekly and what setting for daily macd, thx
It does this by default - If you open the weekly chart the MACD will change accordingly, the same for the daily.
Great video, thank you.
So once the daily MACD crosses the signal you go to the weekly to check it's also above the signal right? If it's not you won't open a long position until the weekly is also above the signal? Or do you only open a long position once the weekly MACD is above the signal line and not care about the daily here?
Thanks
Hi, weekly view first, if its positive then trade the daily. The weekly crossed down at around 53k recently and you stay out until it crosses back up
@@FinancialWisdom thanks much appreciated 🙏🏼 in regards to opening the trade did you say you wait until the week after the weekly MACD crosses the line and goes above so it’s confirmed? Or as soon as you see the weekly MACD pass the signal you open the trade? Sorry last question I promise :)
Hi, I am testing out this strategy. Did you reenter last week? Great work!
Hi James, Thanks. Yes I follow this religiously for Bitcoin
Hi FW - can this strategy be used on INDEXED ETF or Forex pair? Thanks a bunch for your awesome videos!
Possibly, but it would need to be back tested, all stocks/commodoties/ETFs etc act differently
Brother excellent work. Can you also suggest the stock selection criteria based on fundamental analysis?
I think, based on some his previous videos, his fundamental analysis approach is basically tied to him choosing the weekly timeframe.