Automatedtrader
Swing Trading Bitcoin Like A ProCryptohopper Newsletter
Market Analysis
After a 20% crash a week ago, Bitcoin is again testing the resistance around $10,000. Should this resistance break, $11,000 will probably be the next price target in this bull run. Even if the price does not break the resistance at $10,000, it still provides us with many opportunities for some very profitable swing trades, which we will cover in this newsletter!
Momentum + Trend
Professional traders will, in most cases, look at more than one indicator. They look at multiple indicators because each indicator, no matter how accurate, will always have drawbacks and will need to be complemented by at least another one. In our case, the weakness of Williams %R is that it will signal a buy continuously while the price is crashing, and you may enter a position too early. The drawback of the Tripple Exponential Moving Average (TEMA) crossover is that it may provide too many signals, especially in a ranging market. It will sometimes also signal a buy when the price is overbought.
However, when combining the two indicators, we can buy when the price is oversold and when the trend is back in our favor. Similarly, we can sell when the price is overbought, and the trend is no longer in our favor.
Generally, these indicators are among the first to react in their respective category. Williams Percent %R is a fast oscillator that detects when the momentum has shifted faster than the RSI or Stochastics. The TEMA is among the quickest moving averages, as it gives three times more weight to the most recent data than the regular EMA. Therefore it will also be among the first to react. Together these indicators can be used to great effect when taking long positions in a bullish market and shorts in a bearish one. They will provide signals often even on the higher time frames.
Megalodon Pro Automated Trader - Bitcoin - Short Term Bull Megalodon Pro Automated Trader is giving short term buy signals(orange) on hourly time frame.
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We believe that enlightening others is an incredible way to make this world a better place. That's why we created the tools you need to stop worrying about your investments and focus on what really matters in your life.
What is Megalodon ?
Megalodon uses Artificial Intelligence that combines 574 back-tested indicators and 2674 back-tested setups, simultaneously.
Megalodon works with any kind of asset , market state and time frame .
What is the win rate?
Megalodon is extremely accurate and offers insane profits as long as the fundamental analysis is done right .
Backtesting results can be found on our social media or down below .
How to use Megalodon Pro Automated Trader?
Simply, orange rectangles are buy signals and purple rectangles are sell signals .
Green clouds show buy signals and red clouds show sell signals.
Yellow line shows the difference between buy and sell counts.
How to set alarms on Megalodon Pro Automated Trader?
Click on Alert, select Megalodon Pro Automated Trader and click on Buy-Signal or Sell-Signal. More details can be found on our social media.
You may also watch our Megalodon Investing Tutorials on Youtube for more information.
How to purchase?
Megalodon is totally FREE .
You may upgrade to Megalodon Pro for the most important features , including automizing your trading on any asset profitably, setting up alarms to get notified , joining to our VIP telegram channel to learn and our VIP telegram group to interact with the community. Simply go to our website on our TradingView page for learning more and joining us for free.
Some of the backtesting results are:
BTC/USD for longer time frame trading in the bear market for the last year.
APPLE for longer time frame trading in the bull market for the last 10 years.
EURO/USD for day trading in the neutral market for the last month.
BTC/USD for day trading in the bull market for the last 15 days.
APPLE for day trading in the neutral market for the last 2 days and 6 hours.