CRYPTO DAY TRADING STRATEGY
1. Choose Coin with High Volatility & Liquidity
2. Use MFI Indicator on 5m or 15m chart
3. Wait for MFI to reach 100 Twice
4. Buy next 100 MFI & that candle closes bullish
5. Stop Loss below Low of Current Day
6. TP during first 60 minutes of trade
Hello, dear subscribers!
The topic of this article is Money Flow Index Strategy (MFI).
Definition
This is the oscillator type indicator, which looks like RSI, but takes in account the volume.
Thus it demonsrates not only the price momentum, but also the money volume.
It is calculated as a ratio of the positive or negtative money volume divided by the total...
Technically I refer specifically to ETH in this post but this analysis should help guide analysis on other securities, crypto or otherwise. I hope the chart is self explanatory and if not please ask. We are basically looking for bullish divergences which I have highlighted using angled lines and also utilizing the Fibonacci tool. Please look up videos on youtube...
Ethereum Trading Strategy
All we need for this trading strategy is two technical indicators:
The MACD – This is a momentum indicator that can help us spot a trend.
The MFI or the Money Flow Index an overlooked but critical technical indicator that measures the money flow into or out of a cryptocurrency.
The MACD is one of the most common indicators used by traders...
