This guide will explore three key technical indicators that can help traders spot a bottom in crypto markets. Whether you’re a beginner or an experienced trader, understanding these indicators can improve your trading strategies and maximize your profitability.

Key Insights

• Technical analysis in crypto relies on three key indicators—RSI, MACD, and Volume Profile—to help traders identify market bottoms and make informed trading decisions.
• The Relative Strength Index (RSI) highlights overbought or oversold conditions. Values below 30 signal a potential market bottom, and bullish divergence indicates a reversal.
• The Moving Average Convergence Divergence (MACD) helps spot momentum shifts. A bullish crossover signals that selling pressure may be easing and a bottom is forming.
• The Volume Profile identifies high-volume nodes where significant trading activity occurs. These nodes often act as strong support levels during a downtrend.

Why Spotting a Market Bottom Matters in Crypto Trading

Spotting a market bottom allows traders to buy assets at their lowest prices before they start appreciating again. Timing this correctly can lead to significant profits, especially in the highly volatile world of cryptocurrencies. However, it’s important to rely on technical analysis crypto tools to distinguish temporary dips from long-term reversals.

Key Indicator #1: Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It’s a popular tool among crypto traders for identifying overbought or oversold conditions.

How RSI Works:

• RSI ranges from 0 to 100.
• An RSI below 30 suggests an asset is oversold and may be approaching a bottom.
• An RSI above 70 indicates the asset is overbought and may face downward pressure.

Using RSI to Spot a Bottom:

When the RSI falls below 30, it signals that the asset may be oversold, indicating a potential bottom. However, it’s essential to look for divergences—when the asset’s price continues to fall, but the RSI starts to rise. This divergence suggests that bearish momentum is weakening, and a reversal might be imminent.

Example:
If Ethereum’s RSI drops to 28 but then starts climbing while the price remains low, it could be a sign that a market bottom is forming.

Key Indicator #2: Moving Average Convergence Divergence (MACD)

The MACD is a trend-following indicator that shows the relationship between two moving averages of an asset’s price. It’s useful for identifying changes in momentum and potential reversals.

How MACD Works:

• The MACD consists of two lines: the MACD line and the signal line.
• When the MACD line crosses above the signal line, it generates a bullish signal.
• When it crosses below, it indicates a bearish signal.

Using MACD to Spot a Bottom:

A bullish crossover of the MACD line over the signal line during a downtrend can indicate that selling pressure is easing and that a reversal is likely. Pay close attention to divergences between the MACD and the price chart, as these can signal that a bottom is forming.

Example:
If Bitcoin’s price drops but the MACD shows a bullish crossover, it could be an early sign that a bottom is near.

Key Indicator #3: Volume Profile

Volume Profile is a tool that shows the amount of trading activity at different price levels. It helps traders understand where the majority of buying or selling occurred.

How Volume Profile Works:

• It displays a histogram on the price chart, showing high-volume nodes where significant trading occurred.
• High-volume areas often act as support or resistance levels.

Using Volume Profile to Spot a Bottom:

If a crypto asset’s price approaches a high-volume node during a downtrend and holds, it’s a sign that buyers are stepping in to support the price. A bounce from this level can indicate that a bottom has formed.

Example:
If the volume profile shows a significant trading volume at $25,000 for Bitcoin and the price starts stabilizing around that level, it could be a sign that the market has found its bottom.

How to Combine These Indicators for Better Accuracy

Relying on a single indicator might not be enough to spot a bottom accurately. Instead, combining RSI, MACD, and Volume Profile can provide more reliable signals. Here’s how:

1. Look for an RSI below 30 combined with a bullish MACD crossover.
2. Check if the price is holding at a high-volume node on the volume profile.
3. Confirm the signals across different time frames to ensure consistency.

Common Mistakes to Avoid When Using Technical Analysis in Crypto

While technical analysis is powerful, traders should be mindful of potential mistakes:

• Ignoring Market Sentiment: Technical indicators are useful, but always consider market sentiment and news events that can impact prices.
• Overreliance on One Indicator: Using multiple indicators increases the accuracy of your analysis.
• Neglecting Risk Management: Always set stop-loss levels and manage your risk.

Automate Your Technical Analysis with Coinrule

To streamline your crypto trading process, consider using automated trading tools like Coinrule. Coinrule allows you to:

• Set custom trading strategies based on technical indicators like RSI and MACD.
• Automate your trades to react to market movements instantly.
• Test your strategies in a paper trading environment to refine your approach without financial risk.

With Coinrule, you can ensure that your trades are executed efficiently, even if you’re not actively monitoring the market.

Conclusion: Mastering Technical Analysis in Crypto

Spotting a market bottom is a valuable skill that can help traders maximize their profits in the crypto space. By using indicators like RSI, MACD, and Volume Profile, traders can identify potential reversal points with greater accuracy.

As you refine your technical analysis skills, consider leveraging automated trading tools like Coinrule to enhance your strategies and stay ahead in the fast-paced crypto market. By combining disciplined analysis with automation, you can take your crypto trading to the next level.

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The post Technical Analysis in Crypto: 3 Key Indicators to Spot a Bottom appeared first on Coinrule.

Understanding Technical Analysis in Crypto

Technical analysis is the process of analyzing price charts, market trends, and trading volumes to make predictions about future price movements. Unlike fundamental analysis, which assesses the intrinsic value of an asset by evaluating factors like its technology or market adoption, technical analysis focuses on market behavior itself. This approach assumes that all necessary information—market sentiment, investor psychology, and external events—is already reflected in the price.

For crypto traders, technical analysis can provide valuable insights into potential entry and exit points, offering guidance on when to buy, sell, or hold assets. By identifying support and resistance levels, trends, and reversal signals, technical analysis can help traders better time their moves and reduce the risks associated with impulse decisions.

Key Strategies in Technical Analysis for Risk Reduction

Several technical analysis strategies stand out when it comes to minimizing risk in cryptocurrency trading. Here are some of the most popular:

Trend Analysis
Identifying trends can help traders align their positions with the broader market direction. In an uptrend, prices make higher highs and higher lows, while a downtrend is marked by lower highs and lower lows. By trading in the direction of the trend, traders can minimize the risk of going against market momentum, which can be particularly costly in volatile markets.

Support and Resistance Levels
Support levels are price points where an asset tends to find buying interest, preventing it from falling further, while resistance levels are where selling interest prevents prices from rising. Recognizing these levels can help traders set stop-loss orders just below support or take-profit orders near resistance, reducing the risk of significant losses.

Moving Averages
Moving averages smooth out price fluctuations and help traders identify trends and potential reversals. The 50-day and 200-day moving averages are commonly used to assess whether an asset is in a bullish or bearish phase. If the price crosses above its moving average, it can indicate a potential upward trend, reducing the risk of entering at an unfavorable time.

Relative Strength Index (RSI)
The RSI is a momentum oscillator that measures the speed and change of price movements, typically ranging from 0 to 100. When the RSI is above 70, it’s often considered overbought, signaling a potential reversal, while a reading below 30 indicates an oversold condition. Using RSI to avoid buying in an overbought market or selling in an oversold one can prevent trades made on temporary momentum.

Volume Analysis
Volume is a good indicator of the strength of price movements. For instance, if a price surge is accompanied by high trading volume, it suggests a strong move, making it less likely to be a short-lived fluctuation. If a breakout is seen on low volume it could be a false sign. Volume analysis thus aids in verifying trends and reducing the likelihood of acting on weak signals.

How TA Helps Reduce Risk in Crypto Trading

Using technical analysis doesn’t eliminate risk but can significantly reduce it. Here’s how:

Enhances Timing of Trades
By identifying trends, support/resistance levels, and momentum indicators, traders can time their entries and exits more accurately. This reduces the risk of entering trades during unfavorable market conditions, which can otherwise lead to losses.

Provides Risk Management Tools
Technical analysis supports disciplined trading through the use of stop-loss and take-profit orders. Setting stop-losses near support levels, for example, helps to limit potential losses by exiting trades before prices dip too far.

Reduces Emotional Trading
The volatile nature of crypto markets often triggers emotional responses, such as the fear of missing out (FOMO) or panic selling. Technical analysis provides objective criteria, enabling traders to stick to a plan rather than react impulsively to price swings.

Informs Position Sizing
Analyzing volatility and trend strength can help traders determine appropriate position sizes. For instance, during a strong trend, they might consider larger positions, while in a volatile, directionless market, smaller positions can mitigate exposure. This measured approach contributes to a more balanced risk-reward ratio.

Supports Portfolio Diversification
Technical analysis can also highlight which assets are likely to perform well and which may face upcoming resistance or downside pressure. This insight allows traders to diversify their portfolios effectively, spreading risk across different assets rather than concentrating on one.

Challenges and Limitations of TA

While technical analysis is a valuable tool for reducing risk, it’s important to recognize its limitations. Markets are influenced by countless factors, and no method can predict price movements with complete accuracy. Here are some challenges to be aware of:

False Signals
Crypto markets are highly volatile, and false breakouts or trend reversals are common. Even experienced traders can occasionally misinterpret signals, leading to losses.

Influence of External Factors
Technical analysis relies solely on historical data and does not account for sudden news events, regulatory changes, or technological developments, which can impact crypto prices unexpectedly.

Requires Consistent Practice
Technical analysis is a skill that improves over time. Novice traders may struggle initially to interpret charts or use indicators effectively, which can result in mistaken trades. However, with practice, most traders can refine their approach and increase accuracy.

Final Thoughts

Technical analysis offers a structured, data-driven approach to trading in the unpredictable world of cryptocurrencies. While it may not eliminate risks, it can reduce them by helping traders make more informed decisions, manage entries and exits with precision, and set realistic expectations. By developing a strong understanding of technical analysis principles, crypto traders can better navigate the market’s volatility and take steps to protect their investments.

For those willing to invest time in learning technical analysis, the rewards can be substantial. Not only can it enhance decision-making and discipline, but it also builds a foundation for long-term trading success. By blending careful analysis with prudent risk management, technical analysis becomes a powerful tool for anyone navigating the dynamic landscape of cryptocurrency trading.

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The post Crypto Trading Risk Reduction: How Technical Analysis Makes a Difference appeared first on Coinrule.

In this article, we’ll explore what Dow Theory is and how its principles can provide valuable insights for traders looking to navigate the complexities of crypto markets.

The Basics of Dow Theory

Dow Theory is built on a few key principles, which focus on the idea that markets move in predictable cycles. These cycles can help traders understand the broader direction of the market and make informed decisions about when to buy or sell. The main components of Dow Theory are:

1. Market Trends
   Dow Theory suggests that markets move in trends, which can be classified into three types:
   • Primary Trends: Long-term trends that represent the overall direction of the market, lasting for months or even years.
   • Secondary Trends: Corrections or retracements within the primary trend, lasting from weeks to a few months. These are temporary reversals that move counter to the primary trend.
   • Minor Trends: Short-term fluctuations within secondary trends, lasting from a few days to a few weeks.
2. Confirmation Between Averages
   Dow Theory emphasizes that the performance of different market sectors should confirm each other. For example, in traditional markets, if the industrial sector is performing well, the transportation sector should also see growth. In the context of cryptocurrencies, this could translate into the idea that the performance of BTC and ETH should confirm each other, indicating broader market strength or weakness.
3. Volume Must Confirm Trends
   According to Dow Theory, the volume of trades should support the trend direction. For example, trading volume should increase in a bullish market as prices rise. When applying this to cryptocurrencies, traders can look at trading volumes to validate the strength of price movements.
4. Trends Persist Until Clear Reversals Occur
   A key idea in Dow Theory is that trends continue until there is clear evidence of a reversal. Rather than reacting to every fluctuation in the market, traders should wait for definitive signs of trend changes before adjusting their strategies.

Applying Dow Theory to Crypto

While Dow Theory was created for traditional markets, its principles can be adapted to crypto trading with some modifications. Here’s how Dow Theory can help traders understand and navigate crypto market trends:

1. Identifying Primary Trends in Crypto
   Cryptocurrency markets, like traditional ones, exhibit long-term trends that can last for months or even years. By identifying whether the primary trend is bullish or bearish, traders can make more informed decisions about their overall strategy. For example, if Bitcoin is in a long-term uptrend, a trader might focus on holding rather than making frequent trades. However, in a prolonged downtrend, they might shift toward risk management and capital preservation.
2. Secondary and Minor Trends in a Volatile Market
   Crypto markets are notorious for their volatility, with frequent short-term price movements that can make it difficult to determine the overall trend. Dow Theory’s concept of secondary and minor trends can help traders distinguish between temporary corrections and more significant trend changes. For instance, a sharp price drop within a larger uptrend might simply be a secondary trend (a correction), rather than a signal of an impending reversal.
3. Using Volume to Confirm Crypto Trends
   As with traditional markets, trading volume plays a crucial role in confirming trends in cryptocurrency. An increase in volume during a price rise indicates that the market is confident in the trend. On the other hand, if prices rise on low volume, it may suggest that the trend is weak and prone to reversal. Monitoring trading volume alongside price movements helps traders avoid false signals and assess the strength of trends.
4. Waiting for Clear Reversals in Crypto Markets
   Cryptocurrency markets are fast-moving, which can tempt traders to react impulsively to every price swing. Dow Theory advises patience, recommending that traders wait for clear signals of a trend reversal before changing their strategy. For example, instead of selling during a minor dip in a larger uptrend, Dow Theory would suggest waiting for stronger evidence, such as a significant drop in both price and volume, before assuming the uptrend is over.

Adapting Dow Theory to Crypto’s Unique Characteristics

While Dow Theory provides a helpful framework for understanding trends, it’s important to acknowledge the unique characteristics of crypto markets. The speed, volatility, and relative youth of the crypto space mean that trends can develop more quickly, and external factors (such as regulatory news or technological developments) can have an outsized impact on market behavior.

Additionally, the correlation between different crypto may not be as strong as in traditional markets. While Bitcoin and Ethereum are considered bellwethers for the market, smaller altcoins often move independently based on specific use cases, partnerships, or developments. Traders applying Dow Theory to cryptocurrencies should be mindful of these factors and adapt the theory’s principles accordingly.

Conclusion

Dow Theory offers a solid foundation for understanding market trends, and its principles can be applied to the world of crypto with some adjustments. By focusing on identifying primary, secondary, and minor trends, confirming price movements with volume, and waiting for clear signals of trend reversals, traders can take a more measured and disciplined approach to navigating volatile crypto markets. As the cryptocurrency space continues to grow and evolve, applying timeless principles like those in Dow Theory can help traders make better decisions and reduce the emotional responses often triggered by market volatility. While no theory is foolproof, using Dow Theory as part of a broader trading strategy can provide valuable insights into how crypto markets behave and how to trade them effectively.

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The post What Is Dow Theory, and How Can It Help You Understand Crypto Trends? appeared first on Coinrule.

Technical analysis is a handy tool for traders, but the truth is that it’s not an exact science.

If it were, reading a book would make you a professional trader. Chart patterns may appear different to the eyes of each analyst based on their biases. The first step is to try setting aside as much as possible any belief you can have about where the price is heading next and focus as much as possible on objective elements. This is necessary to use Technical analysis appropriately,

Let’s try to apply this method to Bitcoin’s chart. As time passes, the chart seems to be more likely on the verge of another significant drop. Since June, the price has posted lower highs, while the horizontal support is holding. The question is, for how long? Some traders have raised the idea that Bitcoin is building a massive head-and-shoulders pattern.

For how bearishBitcoin may look like, the good news is that this is not an H&S formation. The “head” is atypical, but what is even less common is how the volume develops. To be a valid H&S , the volume should be higher on the left shoulder and decreasing after that. Conversely, Bitcoin’s volume has been higher on the right shoulder, indicating high interest both for buyers and sellers around those levels. Another good news is that Bitcoin broke up from a similar accumulation period at the beginning of the year.

The post Make No Mistake appeared first on Coinrule.

We are thrilled to announce that now you can build your automated trading bot in a few steps and run it on Moving Averages and Relative Strength Index (RSI) indicators. 

How Do Technical Indicators Work?

Using technical indicators means to adopt the theory that prices move with recurring patterns. Therefore, these patterns incorporate all the information required to operate a trading plan. Technical indicators don’t take into account any “fundamental value” of the asset. That fits well with cryptocurrency trading since so far there aren’t any reliable models capable of predicting their price. 

Watching a chart and looking at the price moving up and down could often lead to the idea that it moves randomly without a clear trend.

At a closer look, though, it’s possible to spot predetermined behaviours that already happened in the past. This is precisely what technical analysis tries to catch. It’s impossible to foresee with a 100% degree of confidence where the price will move next. It’s possible to gauge some clues about it, though. 

The crucial aspect to keep in mind at this point is that it’s always a savvy choice to employ techniques to mitigate the risk and to manage your assets in a way to prevent significant losses that could compromise your liquidity and your capability to trade in the long term.

That said, the calculation of any technical analysis requires historical prices. The time-frame of the indicator defines how the price is aggregated. In the rule page, you can select the time-frame that fits best for your trading system. 

For example, if you select a time-frame of 1 day, that means that the bot will calculate the indicator using a daily price frequency. Using as an example, the Moving Average (50) with such a time-frame will correspond to the average price of the latest 50 days.

How To Use Technical Indicators?

There are different types of indicator and each of them has a specific purpose and utility. Understanding in which conditions one indicator performs better, and what signals it provides, allows users to take much better decisions while trading.

One thing to keep in mind when deciding which indicator to add to your strategy is the intrinsic lagging nature of every technical indicator. Given that the bot calculates them starting from historical data, by definition, they can provide a signal (buy, sell or some other price confirmation) only after it happened. I wouldn’t consider it a proper limitation, but just one aspect that every trader should always consider when analyzing the signals. 

There are some ways to reduce the lag-effect of an indicator, but that increases the chances of getting false signals. Choosing between a smaller lag and lower precision of the indicator is a crucial trade-off the trader should assess. 

Testing a strategy before launching it live to the market can help fine-tune the parameters to reach the balance that fits your needs. Remember, technical indicators are not perfect tools, and they shouldn’t be either. After all, catching the absolute top or bottom of each price swing is virtually impossible. Interpreting the right direction and employing the proper risk management tools makes a trader into a Pro.

How To Add Technical Indicators To Coinrule?

Creating an automated trading strategy has never been easier!

Technical indicators appear in the condition block. At the moment, the rule triggers on signals from Moving Averages and RSI. 

Add up to three conditions for each block, allowing maximum flexibility to achieve any trading strategy traders would need.

You may want to buy whether the Moving Averages point at a specif pattern.

Sell on sharp price increases if the RSI indicates that the trend is overextended.

Accumulate more of your favourite coins when the price is oversold.

Or you could protect your wallet from drawdown if the price crosses a long-term moving average on high volume. 

Whatever is your perfect trading strategy, you can now build it with Coinrule. Then, if you are curious to discover more ways to use technical indicators for your crypto trading, check out our new templates!

Your next step into automated trading is here! 

Trade safe!

The post Technical Indicators Added To Coinrule – The Most User-Friendly Trading Bot Is More Advanced Than Ever appeared first on Coinrule.

2020 looks like a promising year for cryptocurrencies, so why not approaching it in the very best way to catch the best of it?

Here are some resolutions you should absolutely include in your Crypto not-do-do list.

1) Avoid risking more money than you can afford to lose.

You may already have this in your mind, but you can never stress enough how important it is to have clear rules on money management in your strategies.

That applies not only to the overall capital you decide to invest. You also should make sure that none of your trades could cause such a loss that would destroy your entire portfolio. Remember, it takes a 25% profit to balance a 20% previous loss, and a 100% gain to break-even from a 50% price drop. If you see it from this point of you, it gets clear how not losing money is an even higher priority to making money itself.

The higher the exposure is, the more you could feel pressured and stressed. The idea of losing more money than you can afford would compromise your decision process and directly impact your trading system.

One tip could be to start trading with very low amounts and then increase the size of the orders gradually. Don’t rush into large profits too soon. Be cautious. Trading is a marathon, don’t quit after a few miles!

2) Never act without a clear trading plan.

Would you be able to do your daily job without a schedule or any structure? All the human activities, one way or another, must be organised and should work according to a more or less defined plan. Trading is no less subject to this general rule.

In a previous article, I defined step-by-step, which would be the elements that every trader or investor should take into account before making his or her investments decisions.

First, you need to analyse market conditions and understand the peculiar aspects of the asset you are going to trade. Also, at this stage, it would be crucial to assess which would be the variables that could have an impact on the asset you are going to trade. Predicting these factors in a clear way gives you a better understanding of the “big picture” you are going to play in.

You have to set the strategy you believe can represent the best fit for the trading scenario you defined in the previous step. It’s worth noticing that the Four-Season rule doesn’t exist and a trading plan could return high profits in some periods yet produce losses in other. Not only is it important to know how to implement a plan, but it’s essential to recognise when to use it. Just like you know when it’s more appropriate to use a screw or a hammer.

When you chose your strategy, one additional step would be to backtest it so you can make the final adjustments based on results coming from historical data. Tweaking and optimising some parameters could improve your results significantly.

Finally, you are ready to run your strategy on the market!

3) Don’t try many different trading strategies.

Getting lost in the number of available strategies is also among the most common mistakes crypto traders make. There are dozens of technical indicators nowadays available to traders, only to include those most popular. There are endless possibilities of strategies that traders could implement.

You should stay focus on a limited number of trading strategies observing carefully how they work, and what returns they yield. Bear in mind that the first results might not provide definitive evidence on the reliability of the strategy.

As we said, if the rule produces a loss, that doesn’t necessarily mean that it’s a poor strategy. Maybe the timing was wrong, and you could still use it in different market conditions. Also, no trading strategy has a 100% rate of success. Assessing a strategy too early without a proper analysis could be misleading.

Additionally, trying out many strategies could lead you to trade more than necessary. Overtrading is a common mistake, especially for newbies. Know your trading strategies better, leverage their strengths and improve their weaknesses!

4) Don’t follow blindly someone else’s trading advice.

Given the massive flood of news we are exposed to every day, it’s common to receive trading pieces of advice or investment suggestions from many different sources. You can get trading signals and price targets through tweets, Telegram groups, and comments in forum discussions, just to name a few.

You should filter these ideas to focus only on those that could be actually useful for you. There are two main aspects to take into account:

1. Not all trading ideas you will read or see are produced by experienced traders. There is no guarantee that there could be a sound basis backing that trading strategy.
2. Even if the strategy has a solid foundation, it does not mean it would be savvy for you to apply it blindly.

Each trading strategy comes with specific considerations related to the position sizing, risk management, time horizon of the investment and target profit. Often, all these variables are not explicit and most of the time you get an entry price and a target price. In the best case, you also get a stop loss level, but there could be other aspects that you are still missing and that could be essential for the success of the plan.

5) Don’t allow feelings to ever lead your decisions!

By their own nature, humans tend to be driven by emotions and feelings. These elements are by far the worst enemies for a trader.

Every cryptocurrency trader has a different reaction to the same price movement. Fear, despair, euphoria and greed are feelings that each of you experiences even within the same day. This roller-coaster of emotions will have a negative effect on your ability to make rational decisions.

That’s why trading bots, like those you can build with Coinrule, have the potential to improve your trading results significantly if you are already an experienced trader, or it can provide an easier way to get into trading as a beginner.

One of the best ways to overcome the risk to be overwhelmed by our own emotions is to follow strictly all the previous tips presented in this article. Implementing a precise risk management approach and laying out a rational trading strategy will help you improve your trading performances significantly.

Avoid the 5 common mistakes crypto traders make and you are on a path to success in 2020! Ready to put in place all these tips? Create your automated trading rule now!

Trade safe!

The post 5 Common Mistakes Crypto Traders Make appeared first on Coinrule.

With so many variables involved, every single day there are endless opportunities that any trader can exploit. Coinrule helps you to manage all these variable, allowing you to define the conditions that you require to take a specific action for your trading activity.

If you look at a chart, you will tend to anticipate “what’s next”, instead, a cryptocurrency trading bot can accurately examine the market, looking for a specific condition.

No emotions involved means more efficiency for your trading. 

Here, for example, looking at the EOS chart and imagining to be at the moment prior the orange vertical line, you wouldn’t have enough information to say where the price is heading.

The possible scenarios here are four:

• The price can break above the previous “high”, breaking the triangle
  upwards
• The price can experience a temporary retracement on the first immediate support and then rebound with a significant price change in a short period. In this case, the buyers in the “liquidity area” represented by the horizontal support will additionally drive the move up
• The price could also stall here, hovering above the horizontal support, not providing any interesting trading opportunity
• The price can break below the support, sellers are “stronger” than buyers, and so, we are not interested in buying at this point, at the contrary, we should sell if we have some EOS in our wallet.

Given our assumption about how the market could evolve, we can say that if you want to buy EOS, the first two scenarios are ideal for initiating a new position (or for adding to one already in place) with an excellent risk-reward profile.

With a clear trading plan in mind, you can use Coinrule to set up your automated trading strategy. This is a very common situation in which a trading bot will make your life much easier.

In the Rule Page, you can create your strategy in minutes. First, select the exchange you want to trade on, then fill in the fields according to your view.

For example, if you want to buy EOS only if the price exceeds a certain price level, or there is a significant price change in a short time, in the “IF” section, you just have to set

“if EOS has a price greater than 0.0011 BTC”.

And combine it with an additional condition, in this case

“OR EOS has a price increase of 5% within one hour”

“THEN” select the amount and the asset to trade and the wallet that you want to use

“BUY $50 of EOS from the BTC Wallet”

Finally, decide how many times you want this rule to be executed, name the rule created, revise it and you will be ready to launch your strategy live on the market.

You can see now how easy it is to plan a trading strategy, design it and run it in minutes with Coinrule!

Follow us on Twitter and Telegram for daily updates and new trading ideas!

TRADE SAFE!

The post Successful EOS Bullish Triangle – From Trading Ideas To Live Run appeared first on Coinrule.