BITCOIN TRADING - Arguably The Best Bitcoin Trading strategy (MACD Indicator)

[@FinancialWisdom]

My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U Join/Follow my trades - www.financialwisdomtv.com/service My Breakout Scanner - bit.ly/3ea6sl8 My Forum - www.financialwisdomTV.com/service My Strategy Blueprint - www.financialwisdomtv.com/service Stockopedia 25% Discount - bit.ly/2YIcAIn Trading Simulator - www.financialwisdomtv.com/shop

[@donniereidjr]

I love your Momentum Dual MACD Approach! It's beyond amazing sir! With all due respects I must agree with you that most folks love complexity instead of simplicity. Look at the Weekly chart = MACD DOWN = YES = WAIT for MACD to cross upwards Look at the Weekly chart = MACD Up = YES = GO TO DAILY = MACD UP = YES = enter your trade Sounds pretty dang gone simple to me. I like simple. That method totally kicks ass. Now if I can just find trades like you pros do then it's off I go to the races! Thanks again for sharing your wisdom sir.

[@FinancialWisdom]

Just join my group😄

[@donniereidjr]

@@FinancialWisdom Link Please sir?

[@reginaldedgardo3530]

As a trader, I always emphasize the importance of seizing opportunities in every market. Trust me, day trading is booming right now. Gerry accurate predictions are invaluable 5 stars!⭐⭐⭐⭐⭐

[@MoKeSct]

I reckon trading with an expert is the way to go. It'll help you avoid the trauma of big losses, at least

[@rianmcnamara1581]

Building a good investment portfolio is more complex so I would recommend you seek Gerry’s support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.

[@FinancialWisdom]

My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U My Breakout Scanner - bit.ly/3ea6sl8 My Forum - www.financialwisdomTV.com/forum My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing Edgewonk Trade Analysis Software - bit.ly/3xS6S7s Stock Screener & Backtesting - bit.ly/3oO1exN (20% Off Code = FWSDM) Stockopedia - bit.ly/2YIcAIn (25% Discount)

[@rightbrain6432]

Probably the BEST Bitcoin investing strategy I've ever seen. I will use it myself. Thank You so much for these videos! They are amazing resources. I am a subscriber for life.

[@FinancialWisdom]

Thanks RightBrain.. Gald you enjoyed it🙏

[@WonderNxumalo]

Wow. My brain just froze a bit. Thank you for sharing this, it reinforced what I've learnt in your Channel and other Trend Following media. Risk management + discipline + strategy (ideally with a proven edge) = reasonable, realistic results. Creating wealth slowly.

[@FinancialWisdom]

Thanks. Yes spot on👌

[@moonboyblues2275]

This is the easiest most profitable BTC strategy I've ever tried. Thank you so much!

[@FinancialWisdom]

You're welcome!

[@reginaldedgardo3530]

I've been trading Btcoin independently for the past six months but have been experiencing losses. Can anyone

[@andre80575]

I will advise you to stop trading on your own, it is very risky. Seek advice from a professional trader.

[@olimaash]

If you are using a really good broker or account manager it is easier to earn from the market

[@reginaldedgardo3530]

who is your advisor?

[@olimaash]

his name is Gerry Wes

[@olimaash]

I trade side by side with him and I never lose any trade.

[@horizontaldad]

It took me a few reviews of this video to understand what was going on....now I marvel at the simplicity of the process. I use GBTC as my vehicle as I can trade it at my brokerage. I was familiar with MACD but I had not used it ....using the weekly to confirm when to buy and the daily to advise when to set the set the stop loss is PERFECT for me. Having the MACD readily available at my brokerage website makes this super easy and checking the daily chart after the market closes is a nice path for me. Thank you for this video ...I have shared it with a few. Added comment ... I found that unfortunately I can’t set a stop loss on GBTC but just watching manually and selling is adequate for now .... and after finally dipping my toe in the water and watching the video one more time I think I finally understand

[@FinancialWisdom]

Great, thanks Kimm🙏👍

[@user-ct7vo5gj2f]

Im a starter and doing this besides my work. This strategy is easy and can be done with only a few hours per week. Thank you!

[@FinancialWisdom]

Excellent!

[@garychadwick1240]

A really useful video thank you. Recently I felt the relentless 24hr/day nature of Bitcoin was more trouble than it was worth. However, I can see this strategy, looking once per day, is exactly what I’ve been looking for. Excellent as always!

[@FinancialWisdom]

Glad it was helpful!👍

[@michaelmcl2511]

I noticed back testing this strategy in the most recent time period (March 22 to current) it didn't fair too well. Do you think adjusting it a bit to include only taking trades when the MACD line (on the daily (or Weekly) is above the Zero Line (like in the FAANG strategy) might improve it?

[@huckleberryfinn8795]

Buy 6 months before the Bitcoin halving and sell 18 months after the halving. Back test that the last 3 cycles and you will see it did AMAZING!!

[@Jycatgc6282]

Message to Financial Wisdom ; Very well said. I’m hoping that you can do a video on Bitcoin MACD @ 1 minute timeframe. I need to learn more on this. Why? In my MetaEx platform, with the “BTC Trend Analysis Exchange Group” Chatroom, we are using this 1 minute timeframe. Can you please do this suggestion? I’ve been looking everywhere in KZbin for this kind of video. One more thing, make sure that the video is in English caption. Why’s? Cuz I am deaf. Thank you for kindly for making this video. I’m taking every baby steps in learning. 👍🏽👍🏽👍🏽👍🏽

[@shanmukhamkumarappan5099]

Hey ! Great video. I tried doing a backtest, from Oct 2015 till today, and with this strategy, though we have cut max DD to half, the initial $250 would have only turned to $18k. I think I might be doing the backtest wrong, since in the same period you mentioned in the video, I've got 28 trades - far higher than the number mentioned in the vidoe. Do you mind sharing the dates of entries and exits ? Thanks in advance !!

[@alpersunay11]

Another great video! You may consider putting a correction label on 02:41 where MACD formula is incorrectly written in contrast to what you define, MACD = [12-EMA] - [26-EMA].

[@FinancialWisdom]

Thanks for that!

[@icyboy771z]

@@FinancialWisdom how did u get that returns? I backtest with same MACD strat in your video. And while I got good returns about $10k to $100k for the same time period and not $10k to $1.3mil as you claimed.

[@pranjayarora8115]

DIFFERENT RISK RETURN RATIO PYRAMIDING IS REASON HE GOT -100X SAME TIME SAME MACD SAME RAT POISON BITCOIN- BUY IN -5 UNITS -10% SL -2% RISK 👨‍🎓LIKE JESSE LIVERMORE (2) 2:30 RISK REWARD IN PYRAMIDING /10:50-SAME -50% MOVE SAME -10% TRAILING STOPLOSS

[@FinancialWisdom]

@@icyboy771z Did you compound the return at each trade?

[@icyboy771z]

@@FinancialWisdom yes

[@robertn7563]

Please make more of those videos with your trading systems !!! There are awesome !

[@FinancialWisdom]

Will do!

[@suboowong2088]

I really like the video but I am slightly confused. For the dual MACD strategy, does the cross-over between the MACD and signal line have to be above the zero line or can it be under it for both time frames? In the FANG stock video, crossing the zero line was pivotal in our buy decision.

[@FinancialWisdom]

Hi Bitcoin is simply the cross - Every asset class behaves differently.

[@suboowong2088]

Thanks!

[@jccgold]

@@FinancialWisdom why the double timeline strategy? You got donchian strategy and others, did you backtest others? Would you choose the same, or another better strategy of you were in 2017 again?

[@swapnilp5823]

I don't trade in Bitcoin but surely try to use this strategy on NSE/BSE stocks... Thanks for excellent information 🇮🇳 thanks for India...

[@FinancialWisdom]

Great 👍

[@Manki___Men_____20]

Hey, nice content. Do you consider here only the the daily and weekly macd? You do not consider the 10/20ema at all? Should not be the 10ema above the 20ema to enter with this strategy, for the momentum? Thanks!

[@koowasha]

Hey, I watched this video long time ago. I think I finally got it. I just wanna say THANK YOU! I’m gonna apply this to all my trading! Any comment on that?

[@FinancialWisdom]

Hi Koowasha - It works well for Bitcoin, but stocks do not behave the same way. I use similarities for stocks but with far more criteria.

[@oc1655]

Thank you. Question: isn't "stairs up elevator down" true for all of the market? Why not just use this for regular stock trading as well?

[@EduBroncano]

Extremely useful video. Congratulations for the channel! I've to admit I feel a lot more trustful in myself as I start understanding the basics of the market and also chart analysis. For some months I've been investing in crypto, analysing just the projects but not the charts, and that came out in bad risk management. I wasn't taking control over my investments and my account went all the way up to 200% and then down 50%, but only due to the market trend... Like a ship adrift. We'll see if I learned well the lesson. Thanks a lot for sharing your knowledge. Keep pushing with this awesome channel.

[@FinancialWisdom]

Hi Edu - Thanks for the feedback🙏

[@tristanjustin5104]

Thanks for revealing all these to us, what more can I say than it takes patience and perseverance to value the true nature of bitcoin, price rocket up inconceivably bitcoin on its way to $20,000. If said this is to happen, it will be very unwise for us not to know how to increase our bitcoin instead of just keeping it

[@josephclinton1513]

Bitcoin is the future investment in it now is the wisest decision to make especially with the current rate

[@bullrowen1300]

Am glad you noticed that bitcoin is going to 3000$ very soon

[@elliottmaddox4981]

How does this whole bitcoin thing work? I'm interested in it and willing to invest heavily in it but am gonna need an assistant from a trusted productive professional

[@bentleymyles5620]

You really need someone to tell you how to invest in Bitcoin, you can make research on your own and try doing it yourself first

[@dukefrank1576]

The rich stay rich by spending like the poor and investing without stopping, then the poor stay poor by spending like the rich yet not investing like the rich Investing in Bitcoin is the best decision to make now

[@Clivegstar]

Where do you place your initial stop when opening the position? This is a great strategy, beautiful in it's simplicity.

[@sebastienpelletier1954]

First, Thanks for your good videos and advices! And 2: Where did you put your stop lost in the enterring? I don't find it in the video and i think there would be a better stop to put than a %tage.

[@obcane3072]

Would an alternative way to do it would be to: 1. Use daily chart 2. Create a MACD with the default settings multiplied by 5 (60,130,45) 3. Place a second MACD with default settings (12,26,9) This would allow you to use one chart to look at both MACD on same chart. Does this work?

[@FinancialWisdom]

Possibly 🤔

[@duonganhquan6273]

BTC trades 7 days/week so maybe you have to multiply by 7

[@ariscruz5641]

That was great. Could this strategy be used in other coins such as Ethereum?

[@FinancialWisdom]

I would say yes, but I have not back tested myself.

[@princemathew59]

Thanks for this usefull video. One question, after the daily negative crossover, if the stop loss below candle does not hit, do we continue being in the long position?

[@FinancialWisdom]

Hi Prince, yes you would stay in the trade until the stop is hit. Of course if the daily crosses back up and eventually crosses back down we then move the stop loss accordingly.

[@DarkBullCapital]

very nice macd application in the long term point of view

[@CubanSparrow]

Generalmente soy crítico con los canales de KZbin sobre inversión, pero este es la excepción y este sistema es rentable. Muchas gracias

[@kwokkhuencheong4008]

Hi. I love the video. Just wondering can it work on other crypto like ETH and XRP?

[@jennypham260]

Thank you for sharing a amazing simple content, entry and exit strategy method. I now know the power of dual MACD when applied together. It’s an edge which I applied since watched your video, both of my of my winning trades worked 🥰😍🙏

[@FinancialWisdom]

Glad it was helpful!

[@sderrick1]

an interesting strategy but completely prefer to use a simple 40ema using a monthly chart. This completely eliminates all the short term noise that you get with bitcoin. I went long in May 2019 at 6900 and took profits just after the top in March 2021 at 58700 for a 980% gain. Not bad 😃. I went long again in April 2023 and am currently sitting on a 123% profit. Simple ema averages are the way to go if you want to make maximum profits. You have to be patient though.

[@yuiop13]

Do you mean simply using 40EMA on monthly chart for entries and exit? I have looked at another strategy where you use daily 20EMA for entries and exits along weekly 20EMA. Similar to this one but uses 20EMA instead of MACD. Performs a bit better but also has a bit higher drawdowns. Can you say more on your monthly EMA strategy?

[@KevinPrendergast-ox1tp]

Hi, I know this might sound like a silly question but where do you get the MACD/DACD info from?

[@glassbirds4153]

Hi Financial Wisdom, is it a good idea to trade short Bitcoin using this strategy's opposite conditions? Enter short when all of 2 conditions below met: - MACD weekly is downtrend (MACD line is below signal line) - MACD daily crosses down Exit the short position when: - MACD daily crosses over

[@FinancialWisdom]

Potentiallly, I have a long bias so its not a strategy i would apply, why not do a visual backtest, that should tell you...

[@greg.investing]

Just discovered your channel. Great content. I have consistently avoided trading crypto currencies due to the volatility, but this video has given me the confidence to dip my toe in the water. Which platform do you use to trade Bitcoin?

[@FinancialWisdom]

Welcome aboard! I use Etoro only for Crypto, for no other reason than I had an account originally. I use IG Index for my bread and butter stock trading.

[@eddylee1087]

Thanks a lot for your wonder content! Fabulous back-tested strategy with wonderful presentation. Would be great if you could share more thoughts/strategies on trading other cryptos too!

[@FinancialWisdom]

Noted👍

[@samyjo125]

Great video thank you! Just wondering why you take buys even when the macd crosses the signal line below zero?

[@FinancialWisdom]

no reason not to...

[@samyjo125]

@@FinancialWisdom fair enough, just noticed on your others videos you advocate only going long if the macd line crosses above the signal line above zero?

[@charles5891]

Hi, when you talk about your stop loss, do you set it up from the candle close or the candle low of the current day ? If the price bounce back do you cancel your order ? Thx !!

[@FinancialWisdom]

HI Charles, the candle low for the day (tail), no I don't cancel the order I would keep it in place.

[@bhartiporwal91]

i watch every video 3/4 times great work sir i realy thank full to u sir from india

[@FinancialWisdom]

You are most welcome🙏

[@ashlondon5325]

What an excellent strategy! Thank you very much for sharing your knowledge and educating the masses.

[@FinancialWisdom]

My pleasure! Thanks for watching!..

[@milagrosroman9978]

This has been the most educational video yet. Your inspiring to the community of traders trying to sort out all the noise.. Thank you

[@FinancialWisdom]

Glad it was helpful!🙏

[@williamkz]

Thanks Gareth. Fascinating. I don't do bitcoin but I do Tesla (which is a kind of proxy bitcoin). The dual MACD seems to work well. Whilst I'm sure dual MACD is good for most equities, I'd guess it's more accurate on speculative stocks where one is buying and selling on herd behaviour rather than news and fundamentals. Bitcoin is many ways is the perfect asset because it has (as far as I can see) no intrinsic value.

[@FinancialWisdom]

Absolutely spot on William, I dont use the dual MACD for stocks because I lean on longer term fundamentals and therefore pay less attention to short term fluctuation (daily MACD). Yes Bitcoin and the association of crowd behaviour makes this strategy great to capitalise on.👍

[@dkccruz]

Thank you and very informative. Did you only use 12 26 9 for the MACD Settings? or a different setting/s?

[@FinancialWisdom]

HI DK yes the standard settings

[@BioInsight_Lectures]

Hi, excellent video for bitcoin, Thanks can you use this strategy for stocks also?

[@FinancialWisdom]

variations of it yes

[@Toacanoaster.gecuebc736]

Hello, thank you so much for this. What trading platform do you use to graph the charts

[@FinancialWisdom]

Hi Clemente. I use MarketInOut bit.ly/3oO1exN and IG Index.

[@FinancialWisdom]

Although most charting sites with a MACD will suffice

[@Steven-T]

Would love to see a video on the use of the dual MACD used here!

[@FinancialWisdom]

Noted!

[@TommyTompkins]

Thank you so much for posting this strategy. Has this strategy been just as successful in the last 12 months?

[@FinancialWisdom]

Hi Tommy, thanks. Yes, i share the performance on the group.👍

[@jennysquesttowellness]

Wonderful strategy, thanks for sharing it with us! Would you say this method can also be applied to the stock market?

[@FinancialWisdom]

Hi Juan, possibly, I use weekly macd only but that is because i use longer term fundamentals with generally less volatile assets, try and pick a few stocks to back test.... nonetheless the concept is sound so in the long term it would probably have a positive bias

[@inglese2996]

@@FinancialWisdom Many thanks FT, great video... I had been successfully trading bitcoin throughout December and January during its recent bull run... but I was spreadbetting it, and now in the UK the FCA have banned trading of crypto derivatives for retail investors. Do you trade on a crypto exchange, and if so, are you able to place stop losses on the platform you use?

[@robbuirski8810]

@@FinancialWisdom I've applied this strategy to each stock in my portfolio so let's see what results I get back in this experiment.

[@FinancialWisdom]

@@robbuirski8810 Hi Rob, I would be careful without back testing or fully understanding the chart behaviour of the stocks in question, if they are not trending stocks you may get whipsawed out often. You could try this software which I'm releasing a video on tomorrow to back test www.marketinout.com/?a=gapa

[@robbuirski8810]

@@FinancialWisdom Wow thank you. I believe they are trending stocks as I feel I've done my due diligence, but also because they align with 5G, genomics, 3D printing, and especially the green revolution which I think is susceptive to fast growth. But absolutely I'll try to get my head around back testing so I have proof of concept, and I look forward to your video!

[@MyKkata]

Hi FW - can this strategy be used on INDEXED ETF or Forex pair? Thanks a bunch for your awesome videos!

[@FinancialWisdom]

Possibly, but it would need to be back tested, all stocks/commodoties/ETFs etc act differently

[@hecsan07]

@FinancialWisdom Do you ever close or get stopped out and immediately join the trade in the opposite direction? if, so how would that look like? Thank you for the videos, by the way. I am relatively new to the channel and relatively new to the trading world, but so far enjoying and most importantly learning a lot.

[@FinancialWisdom]

Hi - No I would only have a view on the breakout moving up, which would include the technical set up, momentum and the Quality of the business. Going the opposite way would contradict numerous aspects.

[@abdullamohammed5439]

how do you manage risk against hacking in binance ? do you move your btc in a wallet ?

[@Stephaniigardner]

Strategy is the key element to a long term successful trading,binary option,forex and other cryptocurrency

[@xbriskx]

Interested in starting. Do you think it matter when you buy into BTC to start using this strat? i.e. dont start at an ATH?

[@CureCreation]

Many thanks for this amazing advice. May i ask you, do you think this strategy would be profitable for major commodities like gold, silver, copper, natgas, oil, etc. ?

[@FinancialWisdom]

Hi, It would need to be back tested to confirm unfortunately - Every asset behaves differently for numerous reasons👍

[@rohailsheikh505]

Very underated video rn but give it a couple years it’ll be on people’s recommended haha 🤙🏾

[@FinancialWisdom]

Thanks, Hope so!🙏

[@gujda101]

What macd setting do you youse for weekly and what setting for daily macd, thx

[@FinancialWisdom]

It does this by default - If you open the weekly chart the MACD will change accordingly, the same for the daily.

[@Julia-gg9qc]

Very, very good explanation of your strategy. Thank you! One question - do you have a special broker to trade Bitcoin?

[@FinancialWisdom]

Hi Julia, I did use IG Index until they changed the rules, I now use Etoro (for Crypto only), for no other reason than I already held an account, but due to the infrequency of trading Bitcoin any pro's or con's in comparison to others are not too significant to me.

[@Julia-gg9qc]

@@FinancialWisdom Thank you very much for answering!

[@emreparlak2306]

Hmm sorry if this is a noob question but I learned you should go buy if macd cross below its 0 and if price is above the 200 ema. Do you think this is better method maybe less risky but also lesser signal ?

[@FinancialWisdom]

hi Emre, who knows, to confirm it would need to back tested, some methods have different results depending on the asset being traded.. try back testing your method on Bitcoin and let us know👍 only entering when price is above the 200ema is sound advice though

[@elixerboi]

FinWis! First comment but I've seen just about all your Book Reviews and super love ALL of them. Your animations keep it lively and I have learned so much from all of your videos, you are providing a great service! Would you say The Trend Following Bible would be the best resource to learn more about the theory and use of MACD? I suppose there are more youtube explanation videos as well. Or other vids/books you'd recommend? Thanks!

[@FinancialWisdom]

Thanks finwis! I get asked this question quite often... I think a blend of all books until you find a strategy that makes sense to you and suits your personality. You really need a broad understanding not just technicals, but probabilities, mindset etc. Keep reading and watching 😉

[@Outshinedsg]

Just tried this for the first time. I scanned a crypto featuring the weekly MACD crossover setup. Started with a 40 dollar position since this is my first time trading the system and I just wanted to focus on putting the principles into play. Unfortunately got into the trade a bit late (was faffing about with trying to limit buy just to save a couple cents, but it never triggered) then followed the system. Got out today with a net profit total of...6 cents after fees XD. If I had entered the trade on time, it would have been a 10 dollar profit for a 25% return in a 6 day period. Clearly I failed in the execution, but I learned some valuable lessons like how to follow this system, how to actually set a stop loss, how to have an actual risk management system in a trade, and that being a miser to save 4 cents in trading fees is really stupid compared to just properly timing your trades. I'd been using simple buy and hold strategies but I feel a lot more confident about managing my trades now after incorporating some knowledge from your videos, so it was definitely worth and I'm excited to continue to learn and become a better trader in the future.

[@jamescastle-mason8063]

Would you apply the same strategy to other crypto (only other large cap, e.g ethereum)

[@FinancialWisdom]

Ethereum perhaps, not sure on others - why not visually backtest, its not hard...

[@jamescastle-mason8063]

No, it not. you're right😊

[@onesuperiorman]

Great video, thank you. So once the daily MACD crosses the signal you go to the weekly to check it's also above the signal right? If it's not you won't open a long position until the weekly is also above the signal? Or do you only open a long position once the weekly MACD is above the signal line and not care about the daily here? Thanks

[@FinancialWisdom]

Hi, weekly view first, if its positive then trade the daily. The weekly crossed down at around 53k recently and you stay out until it crosses back up

[@onesuperiorman]

@@FinancialWisdom thanks much appreciated 🙏🏼 in regards to opening the trade did you say you wait until the week after the weekly MACD crosses the line and goes above so it’s confirmed? Or as soon as you see the weekly MACD pass the signal you open the trade? Sorry last question I promise :)

[@machukan]

Hi, when daily macd crosses, you just buy the market or look for some dip in 1h macd?

[@FinancialWisdom]

Hi Mach, I just await the daily MACD to cross back down and place a stop under the wick of the closing candle, basically trend following - but only for Bitcoin.

[@zmarzolfz]

Hey have you done this vice versa with shorting it during bear market? let me know what you think

[@FinancialWisdom]

No - i have along term positive bias, therefore I trade that way

[@Robertblt]

Great channel with awesome content! Keep up the great work, thanks for the great info! What platform do you prefer to trade crypto?

[@FinancialWisdom]

Thanks Roberbit! Thanks...🙏 I now use Etoro for Crypto.

[@nicknicknickearl]

eth macd weekly and daily just cross over indicating a buy, would you apply the same application for entry today? 3 FEB 2021 at 1500 range?

[@FinancialWisdom]

Probably, but i would need to backtest before commitiing

[@darren.alexander]

great video - do you have any video on the setting up the stop loss under the closing candle you mentioned....thank you for taking the time to make this

[@FinancialWisdom]

It is very simple, and should be clear in the video..👍

[@premtripathi]

Great Video, Using this method was recent exit on btc at 16830?

[@FinancialWisdom]

17086 i use Ig Index which might be different to other platforms

[@premtripathi]

@@FinancialWisdom thanks, looking for daily cross as weekly is still +ve.

[@chaneltv3694]

Do you use any kind of MACD and price action strategy for stocks, something similar to Stan Weinstein stage analysis strategy combined with MACD? If so, that would be great to make a video on that.

[@FinancialWisdom]

Hi - Yes my personal strategy I share at www.financialwisdomtv.com 😉

[@ravisankark526]

Excellent video. can we use this strategy for stocks, ETFs also? can we use this for short side also using futures or options?

[@FinancialWisdom]

Hi Ravi, I dont use the dual MACD for stocks because I lean on longer term fundamentals and therefore pay less attention to short term fluctuation (daily MACD). I would imagine we coul;d use for ETF etc but would need to confirm through backtest.

[@adrianchaves1767]

Thanks for shearing! Very simple and efective. Can be used with the same logic to short the market? I mean when the weekly macd cross down. I guesse yes, but english its not my first language and Im hesitated of this when at the end of the video you explained that the market tends to trend up slower that thending down, fast MACD on the sell side and slow macd on the long side. Im asking this so for example me that i just learned this I should be waitting a cross down on weekly and then a cross up again to enter a trade based on this strategy. Right???

[@FinancialWisdom]

Hi Adrian, I have not back tested on the short side so would not like to comment. I have a long term positive bias on Bitcoin therefore I do not plan to short it, or back test it. In terms of trading it on the long side, you could in essence enter at any point so long as the MACD is above the signal line (both daily and weekly) but you must ensure you exit in the way I have explained (MACD crossdown and placement of stop under the wick) hope that helps

[@Hewbuntu]

HI, sorry if this has been asked before but what platform do you use? Thanks.

[@FinancialWisdom]

Hi Paul I currently use IG Index, but unless you can qualify for professional status you cant trade Crypto currently😞

[@Hewbuntu]

@@FinancialWisdom Thank for your fast response 👍

[@jonathantan3690]

Thanks for the great video. Just wondering how do you mitigate trading during sideway trend? Thanks again! Big fan!

[@FinancialWisdom]

I think thats why the strategy works well with Bitcoin due to its cyclical/volatile nature, if it was a dormant asset it would be difficult

[@SaranjivacSRB]

This is amazing! Thank you for sharing this. *BTW, have you thought about employing the same strategy on the downturns? So if weekly is in the red and daily goes in the red, to place a short? Did you backtest this?*

[@lukemtestagwwg8239]

Very interesting, I also used a very similar strategy since 2017. Long moving averages for larger trend. Shorter for local trends. Then combination of variance and ranges to signal breakouts

[@dwaynethu2891]

Hello sir, what time frames and frequency do you set your weekly and daily charts? For example if you do a monthly chart with daily as the frequency your signal line is above. If you move your frequency to X2 a day on the same monthly chart your signal line is below. Thank you in advance.

[@zaharibinarshad5455]

The best video so far for trading crypto

[@FinancialWisdom]

🙏 Thanks means a lot

[@nassarsyed]

Awesome. Do you put in a wide stop when you start a position like when you see a cross over in the weekly? Thanks for all the content really love it !!!!

[@FinancialWisdom]

Hi Nick, Actually its the only strategy/asset which I do not use a hard stop, but I compensate for a lesser account equity percentage

[@lakshay534]

Your KZbin channel helps me a lot in understanding momentum and it's significance.Thanks a lot.

[@FinancialWisdom]

Great

[@suthan2003]

Where do you place the initial stop after entering a position. Can you please explain that... thank you

[@FinancialWisdom]

On Bitcoin we do not, only when the daily MACD crosses down.

[@victoriachua333]

What trading platform did you use to trade Bitcoin ? You can similarly short Bitcoin right ?

[@FinancialWisdom]

Hi Victoria, I used IG index, before switching to Etoro after IG changed policy. You can short..... but it is a highly volatile instrument which I would not like to bet against.

[@victoriachua333]

@@FinancialWisdom thanks for your reply

[@sar6901]

Given the volatility of all cryptocurrencies, don't you recommend using it across all crypto holdings? Especially since at the fundamentals, all crypto is just large speculation?

[@FinancialWisdom]

Its possible, but without back testing each I would be hesitant to confirm.

[@iklanseptember8458]

hello, i have question what if weekly macd cross over and daily macd already blue line above red line, we still get in? and 2nd, how to position sizing and add stop loss target for first time entry, do you do trailing stop loss? thanks

[@hoomanstavanger]

Thanks for the very well constructed and informative content. What is the time frame of each chart? 6-month period for weekly chart and 3-month for daily? Or?

[@FinancialWisdom]

Hi, Weekly initially, and then daily.

[@hoomanstavanger]

@@FinancialWisdom yes I understand that, I was wondering what time frame you choose for the plot? For weekly average for example, you can look at 3 or 6 month or longer. But maybe it doesn’t make a big difference

[@Leon-Pickles-Kevin]

One more question: Some people only buy when MACD crossover is below Zero Line, but you do above zero line. Do you have any thoughts about this?

[@FinancialWisdom]

It depends on the rationale behind it. Personally I want to see it above as its an indication that the overall trend is positive. Ultimately the backtest and trading history will provide the objective rationale despite the 'beliefs' of the trader.

[@nickcat95]

Great content, as usual. Just wondering if you backtested this strategy, maybe with other crypto or stocks and if it's even possible to backtest it somehow. Keep it up ;)

[@FinancialWisdom]

Hi Nicholas, you could certainly backtest against other crypto currency, in theory it should work. at the very least it will limit risk...👍

[@BigORider]

This is about what I was looking at but on a shorter term. Week day 6hr 4hr 1hr and also looking at RSI. :)

[@FinancialWisdom]

Hopefully helped in some way👍

[@paulgoestaf3302]

Very interesting. However, I followed the strategy exactly and found quite a few more unproductive and negative trades. Then I noticed that I was working with Coinbase data while you were working with OANDA data. The OANDA data seemed close to the Coinbase data but the MACD on Coinbase data has more slight crossings than on OANDA data.

[@FinancialWisdom]

Hi Paul - Are you using raised stops under the wick of the candle too? The strategy would have got you out near the top and missed the considerable decline for sure either way.

[@matthunt6022]

Very interesting. So where would you place your stop on the initial trade?

[@FinancialWisdom]

Hi Matt, personally and for Bitcoin only, I would not put a hard stop into the market, I typically reduce the equity % of my account to put on the trade to compensate for the additional volatility/risk.

[@matthunt6022]

@@FinancialWisdom thanks very much for the answer. I really enjoy all your videos.

[@wernerschonenberger7668]

Great strategy, well presented! Ever tried it on ETH or a stock?

[@FinancialWisdom]

Yes I have, similar perfromance.

[@epicmoney4434]

I'm glad KZbin Recommended me this video, great content!!

[@FinancialWisdom]

Awesome! Thank you!

[@gilouch8975]

i don't get the same results, I made sure to be on oanda too, for example: the trade #2 that you describe at 10', you say you have 30.2%, how is that possible price didn't even rise by 30% ; from what I see on my side trade was entered on Feb 3rd at 9352$ and daily macd turned red on feb 18th setting the stop loss at 9593$ which was triggered the next day --> 2,58% profit... Could you explain where I am wrong? your macd curves look smoother than mine...

[@Aspectus]

I was just going to make the same comment. I was wondering if it was my data or my settings. I was using BTCUSD on TradingView. In late 2016 I have several quick in / out trades before catching a great one on Dec 18th for about a month at the exit you described. Clarification would be great.

[@Nigromancy]

Hi thank you for the video. I'm more of a dividend and sit and wait investor but I find this interesting and now that I work from home I've got more time on my hands. My question is - how often do you have to watch the charts? Check in every couple of hours? Do you have to be on it like a hawk all the time? Because that sounds stressful.

[@FinancialWisdom]

Hi Ali - No that's not my style either, a glance once a week..... My advice is to stay away from short time frames.👍

[@copycinoforstudents3167]

Hi, i have question, do we need ema 200 to filter in daily chart aswell? So only entry when above ema 200 Thanks..

[@FinancialWisdom]

Hi, no need for the 200ema on the daily chart.

[@copycinoforstudents3167]

Ok, i have question about position sizing also, since macd doesnt have fixed stop loss (only exit when death cross macd daily chart) how we determined position size? Ex : i have $1000 usd, Thanks..

[@gheadwind]

great content as usual! could you elaborate a little bit on a Stop loss process; do you have a stop loss in place after you go long, right at that moment (like ATR or fixed % based) or you only place a stop loss once MACD crossover retakes place! Thank you!

[@secretnobody6460]

Sir, does this work on choppy bitcoin markets? Maybe add a price above 200ema?

[@liaslambeth4297]

I just got into bitcoin trading 9 days ago and I just received my first profit, wish I knew about this earlier

[@lambethrobbiejackson6029]

For real bitcoin is a life-changing business adventure

[@lambethrobbiejackson6029]

@Richard Bradley You are right the market is profiting a lot if you have good guidance

[@brucelouis1898]

I work with a trusted and sincere expert broker by name of Mrs. Carolyn Hutchinson who manages my capital and returns profits

[@waynealan1416]

Wow, you know expert Mrs. Carolyn Hutchinson? I'm a living testimony of expert Mrs. Carolyn, She has been trading for me for months now.

[@willieroy6370]

My first investment with Mrs. Carolyn gave me a profit of over $25,000 and ever since then I trade with her weekly investment plan and it has been a good move

[@sanjeeviraman3359]

hi brother 1.what is your opinion about Al brooks books and video class ? 2.which is most preferably ? whether books or video class ?

[@FinancialWisdom]

Hi, Dont know too much about him sorry🤔

[@suthan2003]

Can we use a similar method but with monthly and weekly chart for individual stock?

[@FinancialWisdom]

To a degree. But its different for every stock as they behave differently, especially when you factor in market cap.

[@conor_cork]

When the weekly crosses down do you get out or do you wait for the daily to follow suit?

[@FinancialWisdom]

I raise the stop