Day Trading Cryptos

Bitcoin has a habit of dropping like a rock. Cliff diving is what I call it. Bitcoin usually falls quicker than it goes up. You can make money on these flash crashes by playing Bitcoin futures.

This strategy can have up to five LONG positions in a row when the price is rising fast, or five SHORT positions when the price is falling hard. This video shows how to count these signals, and explains what the CCI is doing when it gives a signal.

Ethereum dropped $100. My AI trading bot was SHORT just before the drop, and banked some nice profits at the bottom by going LONG. That was fun! I'm done for the day...

Copy/Paste any pine script code onto your charts.

For a gain of $950. in 20 minutes. Bitcoin moves down a lot faster than it goes up, taking Ethereum and many altcoins down with it. If you can Short, you can make money day trading when the market is moving up and down.

GALA's chart moves with ETH but it's CCI is smoother. This lesson shows the CCI zero line buy and sell signals. BUY when the CCI rises above zero. SELL when the CCI drops below zero. Out of the four buy and four sell signals I use with the CCI, the zero line strategy is the simplest and works best. Load the CCI - Commodity Channel Index on your charts and do some back testing. This strategy works on any time frame you can load onto a chart. It works for day trading and swing trading cryptos, stocks, commodities, ETFs, futures and forex.

This video shows how to set up your free TradingView.com charts so they look like mine. I no longer use the 7 period moving average. I also removed Bollinger Bands, and replaced them with a 20 period moving average. Since the CCI and this moving average are set at 20, the zero line of the CCI equals the 20 moving average.

Fast Facts are five-minute lessons of important things all crypto traders need to know to be successful. This first one is the most important one of all. Bitcoin's chart is KING. It rules them all. When it goes up, most others do soon after, and down moves are the same. BTC moves all the Bitcoin blockchain based coins. BTC moves ETH and that moves the Ethereum blockchain coins. I find it very useful whey day trading to have a BTC chart on the left, and a ETH chart on the right when trading ETH and most other coins I trade. Watching BTC gives you a few seconds or minutes advance warning of what your coin is most likely to do. When BTC moves up sharply, I buy ETH. When Bitcoin starts a flash crash, I usually have enough time to get out quickly and avoid a loss.