Connecting RSI Indicator With Rebalancing Bot for Superior Trading Strategy

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As a trader, everyone is looking for the finest trade technique to benefit from trades. While some traders have found a better method, many others are still suffering to find a better trade plan. Today, in this post, I will discuss how to better connect indicators in order to uncover better profit chances.

AN INTRODUCTION ON REBALANCING BOT FEATURE

As I mentioned in one of my previous posts regarding the rebalancing bot, I went into great depth about how it works. Today, instead of looking into detail, I will provide a summary of this feature to those who are new to the article. You can learn more about Re-balancing by clicking HERE.

Many exchanges, notably Binance and Kucoin, have a rebalancing tool. These are my two best exchanges, and I am much more knowledgeable about them. This tool helps you to diversify your portfolio by selecting multiple coins for the trade. This feature is the auto bot, which will continue to swap between the coins you have selected and will on adding coin quantity.

The advantage of this feature is that you can earn a consistent income without the risk of losing money. The loss is only possible if the total value of the coins you choose falls in value. For the time being, this is a loss, but if you hold, you will never book a loss. The rebalancing bot's advantage is that it will automatically exchange between coins while increasing the quantity of your coin.

Even when all crypto coins are down, this feature will continue to contribute to your holding quantity. Following some research and conversation with my senior partners who are crypto trading experts. We discover another superior approach to fine-tune this one. This is a really basic method that any of us may use.

This method involves linking the RSI indicator to a rebalancing bot. I will do my best to make you understand in easy English, and I wish I could. Because our English language is not always clear to many people, and what I have in mind may not be understood by others. So I'll do my best to make sure you all understand.

USING RSI INDICATOR WITH A RE-BALANCING BOT FOR SUCCESSFUL TRADING

As we all know, the RSI indicator is one of the best effective indicators for successful trading. When the RSI falls below 30, it suggests that the market is oversold, and when it rises above 70, it shows that the market is overbought. In this approach, we will buy below 30 and sell above 60 RSI until it reaches 70, at which point we will sell all of our holdings.

First and foremost, you must choose the ideal coin pairs whose natures match each other. Just in suppose, both HIVE and FTM coins are pumping coins, they are similar. Similarly, because they are fundamentally strong coins, you can combine BTC with Ethereum or BNB. There are almost 200 coins with the best possible pairs that match each other.

After choosing the pairs, you will wait for the RSI indicator to hit 30. When you notice that the level has been reached, you will begin your rebalancing purchase from that point. That is, you will continue to buy your coin if the RSI falls below 30. You'll wait till the RSI level rises above 30, but that's not your selling point.

Below 30RSI, you will continue to buy, and the re-balancing bot will continue to add your coin quantity by swapping between the pair. The benefit is that your quantity will increase below 30 RSI and your coin value will increase over 30 RSI. That is, it is a win-win situation in both terms.

When the RSI level reaches 60, it is time to sell some of your holdings, but not all of them at once. You must continue to sell your holding until the RSI reaches 70. When it reaches this point, you will sell all of your holds and take your profit. This is a straightforward procedure for earning consistent income and a superior strategy for making good earnings.

This is one of the successful trading methods that can earn you a lot of money. Keep in mind that you must apply this technique in accordance with the 4H and 1D charts. This strategy cannot work below the 4H time frame, and keep in mind that one trade can take up to a week, month and even more time.

This is an attempt on my part to present you with the best new trading method with a high win %. I hope you find this post beneficial, and that you like it as well. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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2 comments
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Brother thanks for sharing this useful strategy, there is not a any perfect strategy but I hope it will help some who are interested to make some profits without taking to much risk

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