Welcome back to the best cryptocurrency trading course for beginners.
Introduction
In this article, we’re gonna be talking about our favorite trading strategies. And we’re gonna show you three different, easy-to-execute trading strategies that have an edge. And actually, one of the strategies that I’m gonna show you on average has about 145% gain, meaning that when you get it right, it has like 145% gainer. It’s insane. And I’m gonna show you all the data to back this up.
How to cover trading psychology in cryptocurrency?
We’re also gonna be covering trading psychology, because even if you master the strategy, if you have the wrong psychology and you can’t handle losers, then you’re not gonna become a successful trader. They say that 80% of trading is psychology. So make sure that you stay tuned for that week’s article.
Now, with that being said, let’s get in, let’s talk about some of our favorite trading strategies. I’ll start with a simple one, and then we’ll become more and more advanced. The second strategy is the one that does 145%.
On average, I’m gonna show you that proof. So first things first, this is a very simple trading strategy, which is going to make us trade with the trend and also allow us to use the Bollinger Bands to get good entry points. So just as an example here, we can use the daily timeframe.
And you can see here, I have the 10 exponential moving average and the 50 exponential moving average, 10 in blue, 50 here in orange. And obviously, I can see that since the blue is above the orange, we’re in an uptrend. So this is my first thing.
How to trade in direction with the trend?
I wanna make sure that I’m trading in the direction of the trend. Since I know that it’s in an uptrend, I only wanna be taking buy signals in this case. Now, I’m gonna drop down to a smaller timeframe, like the hourly, and I’m also going to look for the trend.
I see that we’re just crossing over. It looks like it’s kind of in this ranging phase, but you could see here, it was a nice trend right here. So we’ll just use this as an example.
I’m gonna take these moving averages off because I already know the direction that I wanna trade-in, and I’m gonna put on the Bollinger Band, okay? Now, how does this work? Well, it’s pretty simple actually.
How it works is we’re essential, since we know that we’re only taking buy trades, we’re going to enter when we see a candle go in below the lower Bollinger Band, and we’re gonna wait for a bullish candle coming out of the Bollinger Bands.
Let’s explain about bullish candle
Once we get a bullish candle that closes above the Bollinger Bands, then this is where we’re gonna enter the trade, okay? Now, how do we know where we’re gonna exit the trade? Well, there are a couple of ways that we could do this, okay? The most common way is to just exit once it hits the other Bollinger Bands.
So you can see it hits right up here, and you would have gone for a little 2 1â„2% gain, which maybe is not that exciting, but if you’re trading with leverage, obviously it becomes more exciting. And also, not every trade is gonna be like a massive home run-hitting type of trade. You may have small winners, you may have small losers, but this is the idea, okay? Again, we’re trading an uptrend only.
Came out of here, we saw that we did get a green candle coming out of here, and we ride it till the next Bollinger Band, which would only ride up to here, so you’d make like 1% on that trade, right? So kind of a slow and steady but methodical way to trade. It’s a very easy, mechanical way to trade. This is the very first strategy, okay? Trade in the direction of the trend.
Use the Bollinger Bands as a way to get entry signals, okay? Now, the second one is something that I’m a lot more excited about, is, well, I have to explain this to you. So this strategy, for example, since we’ve been tracking it, has on average done about 145% gain per trade, which is crazy, that when this happens, it goes nuts. And as you can see here in green, here are all the trades that were winners.
You can see 195% gainer, 51% gainer, 9%, 45%, 288%, 365%, and 279% gainer, right? There’s these huge, massive gainers. What’s happening here? So there’s something psychological happening, and it’s quite simple. So here’s how we were able to get in on a coin like Axie Infinity before pretty much everybody else.
Video gaming token that went viral, as you can see by the price chart. So here’s actually what happened. So we wanna look at a previous all-time high.
So for example, we can see a previous all-time high like right here, and we basically wanna wait for a daily close above the all-time high, okay? Once we get a daily close above the all-time high, here’s what starts to happen. It gets picked up by the media. The media says, the new coin just hit an all-time high.
People on social media start sharing that article, and what happens? Will people see that? They start getting into the coin, and the coin goes into what’s called price discovery mode, which basically just means that the market doesn’t know how to price the asset, and so a lot of the time it just goes viral, and it just takes off, right?
And what also happens is as people see price starting to move higher and higher and higher, they FOMO in, and a lot of new retail traders see, this thing’s going crazy, I should get into it so I don’t miss the ship, and they FOMO in, and it causes the price to go even higher, right? So here’s the idea. You wanna wait for it to close above the previous all-time high on the daily candle, okay?
And then what we do is we just use a 15% trailing stop loss. So as this coin goes up, and it goes up, you know, just right here would be 15%, once it went up 15%, we move our stop loss to break even.
Okay, when it goes up to 30%, okay, we move our stop loss to 15%, so we lock in 15% gains. When it goes up to 45%, then we move our stop loss up to 30%, so we just have a 15% trailing stop loss. And as you can see, you could have made a cool, you know, around 100% gain, and we had people in our communities that did well.
Okay, now it hits our stop loss. Okay, dang, we’re out of it. Well, look what happens again.
Price comes up, and it breaks above the previous all-time high on the daily candle. So we enter as soon as the daily candle happens, and you can see that the token just started to go off. Okay, as you can see here, we had another about 100% gainer, which the idea, again, 15% stop loss, and you trail it on up.
Okay, a lot of these just, I mean, they start to take off. Again, so we would have gotten out of the coin again, and we’ve had people in our group trading this exact strategy, getting in and out of the coin. This one, for example, didn’t close till up here, but still, we’ve had a nice gain on here.
You could have locked in like 20% or so. So I wanna show you a couple of other examples, and then we’ll get into strategy number three. You’ll notice this pattern happens time and time again, and it’s really powerful.
And then I’m gonna show you a little tool that makes this easy. So here, horizontal line. Let’s take a look at here just like most recently, right? So we had a previous all-time high that was right here, okay? We got a close above on the daily candle, on this candle right here, and then what’s happened? We’ve had like a steady climb up, basically up, like, you know, obviously you’re not gonna catch it to the wick but had you, you would have been up 108%, okay? And this is happening all across the board.
The thing that I love most about this strategy is even when we’re in a sideways-ranging market, or even when we’re in a downward-trending market, there are always these hype coins, as we call them, or these viral coins that are taking off. So you can trade this in all different sorts of market scenarios because it’s not necessarily correlated with the rest of the market, and you can find these big-time winners, and we find them all the time. Now, how do you do this? Well, it’s kind of difficult.
There are 11,000 different cryptocurrencies, so imagine tracking 11,000 different charts and finding out when an all-time high breaks. It’s difficult. So we built a really simple piece of code which we call our hype coins indicator, which, any time it creates an all-time high, sends you an alert right here.
So you can just click on it here, okay? You can see the price here, and you can see what it’s done recently, right? The other cool thing about it is you can just click right here, and it’ll take you directly to TradingView, so you can see exactly what’s happening on the price chart like that, bam. So if you’d like to get access to this hype coins indicator, and also, we have tons of people inside of here that are all trading hype coins, that are using this same strategy, and that are killing it, then you can do so on our website, blueedgefinancial.com slash crypto. You can try it out for 30 days.
If you don’t love it, then let us know. We’ll give you all your money back. Okay, the last strategy, is easy, and it has an amazing edge.
I could show you all the data to back it up. One thing on this channel we try to do as much as possible is be data-driven, so we’re not just some random guy just spewing out their opinion about things, but we back it up with data, and this is an algorithm that we created that our members trade and it is extremely easy to trade, and I’ll just show you how simple it is. You can trade it on pretty much any cryptocurrency, Bitcoin, Ethereum.
It works on pretty much all cryptocurrencies, and it actually works on different assets, so you could even trade Tesla, or you could trade a whole bunch of assets, any assets that trend, you can do well with. Now, here’s how it works. There’s just these two lines.
When it turns green, you buy. When it turns red, you get out of the trade. So just to give you an example, here’s where you’d enter, and then when it turns red, you’d get out of the trade like here.
Boom, 278% on this daily chart here, and the reason why we like this is because it does have an edge, and also, it keeps you out of a lot of drawdown. That’s the cool part about this is instead of having to experience 50, 60, 70, or 80% drawdown like you would holding the asset, when you’re trading it using what we call the spiral guide algorithm, then you’re not gonna have to experience the crazy drawdown like you would normally. So this is easy.
Now, the cool part about this is you can trade it on any time frame. You could trade it like on the four-hour, for example, and it’s the same thing. So you can use this as a guide to tell you when to get in and when to get out of trades.
We also have an automated version of this that’s coming out that’ll just enter the trade and exit the trade for you, and you should see the results on that. It’s crazy, but the idea behind the system is not to have a huge, high-hit rate system. You’re not gonna win 80% of trades or anything like that, and the hype coins, maybe you would, but with this, it’s a lower hit rate, but you’re gonna have big moves and the idea is to catch the big trends and to get out of your losing trades quickly.
So for example, this is a losing trade right here. You would’ve got in right here, and you would’ve got out right here. So you only lost 4% on this trade, and that’s the idea, to get out of your losers quickly and to let your winners run, and really, as you see on Ethereum, we would’ve got in right here when it turned green again, and we’re catching this move right now as we speak.
Or if you look back at it here, you can just tell again that you look at it here, and boom, you would’ve had a nice run, get out right there, 50% move, and boom. So that’s the idea behind the Spiral Guide algorithm, and I know you’re thinking, is this just some guy that’s trying to sell me some BS algorithm that doesn’t work? No, again, we’re data-driven. I can show you all the stats to back that up.
Once you’re a member, you’ll be able to see all the stats behind it and all that sort of stuff, or you can come to a live chat on our website, and maybe they can point you in the right direction. So with that being said, here’s the next thing that you need to do. It’s all about trading psychology.