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I personally enjoy trading cryptocurrencies because you are able to make money in any type of a market. It does not matter if it is bullish, bearish, or ranging, there are always opportunities to make trades. The biggest issue that most beginners run into is they do not know when to enter and exit. They get stuck staring at charts rather than actually making moves.
I like using various different indicators to help me decide when good entry points are. Although indicators are not perfect, they help solidify any beliefs that you may have about potential market movement. In this video, I talk about the exponential moving average and how it can be used to predict trends in the market.
The EMA is a powerful tool. I personally like using two EMA lines because the crossing points are great indicators of market movement. I use 15 periods and 50 period EMA lines within my hourly candlestick charts. The buy signal is going to be when the short term EMA crosses up on the long-term EMA. The sell signal is going to be the contrary. I would highly suggest using this EMA cross in your personal trading. I know you will start seeing gains that you have never seen before.
Hi, I'm closely watching the EMA crossing which is occurring now on the 4H timeframe, and would like to confirm with others indicators such as MACD and RSI before to enter a trade.
I've a question regarding the MACD values. Do you use the standard values (12-26-9) or other values? I was thinking maybe 15-50-9 or 24-52-9.
Again thanks for your video, and looking forward to have your opinion.
I'm using Trading View instead of Coinigy so there is no built in EMA Cross. However, there is an ability to "script" indicators in Trading View and I found some code to duplicate Kyle's EMA Cross layout so that you can have it on your free trading view page. Drop me a line if you'd like the source code or info on how to set it up.
This is the script you create in the Pine Editor and the just add to chart:
study(title="EMA Cross 15/50", overlay=true)
short = ema(close, 15)
long = ema(close, 50)
plot(short, color = green, linewidth = 2)
plot(long, color = red, linewidth = 2)
plot(cross(short, long) ? short : na, style = areabr, linewidth = 4)
Magnr is a handy cross-platform trading site connected to a few big Bitcoin exchanges. Accounts never require any personal data or identitiy proof. So signup is quick and possible with anonymous data.
Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin. The fees are depending on the volume of the margin account.
Bitcoin can be traded on GDAX up to 5x leverage. The margin trading option must be manually turned on the account in order to make sure the users understands and reads the associated risks.
Margin trading is basically borrowing funds to purchase an asset, this allows you to buy more bitcoins that you would normally be able to do normally in the hope of making bigger profits on the price movements.
Advantages of Margin Trading.
The biggest benefit of margin trading is that you can take advantage of the additional funds when the market moves in the direction you expected. The overall profit of the positions once the bitcoins are soled and the loan is repaid is significantly higher compared to an ordinary trade execution.
Disadvantages of Margin Trading.
The disadvantage of margin trading is by nature the amount of risk a margin account can hold. The higher amount of leverage you take the bigger amount of money you can loose in case the market moves in an unfavorable way. Due to the margin call, the margin account must be funded countinuesly that involves significant amount of liquidity. It is only advisable to trade on marking if you have enough experience already on the market. To mitigate the associated risk, many trading platforms only offers limited amount of leverage trading opportunites.