We recommend that you use a hardware wallet, to be the full owner of your coins. While Bitcoin may be the best known, Ethereum has about half the market cap of Bitcoin and is seeing broad adoption. By providing some of the global hash power needed, you receive rewards and get paid in crypto-currency. If you were to build a pure Ethereum mining rig you would essentially look to maximize raw performance per watt and performance per dollar invested. Cryptocurrency exchange platform? Then you can choose to keep coins or exchange it for other coins or currency.
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In addition to the main solid lines, the indicator displays dashed signal lines. Signal lines perform an assisting function for finding accurate entry and exit points. Trading with Absolute Strength Indicator Buying Order A basic buy indication is sent when the green line crosses the red line upward.
Put a stop loss order under the previous local low as protection. Selling order When the solid red line crosses the green line upwards — this gives a basic sell signal. Place protective stop-loss above the previous local high. Use the crossovers of the main line and the signal line in red as a trigger to: Trail stop-loss. Add to a short position. Cutting off the short position. Exit the long position using the Absolute Strength Indicator as and when you see the lines intersecting again.
Alternately, you can also make use of a fixed risk to reward ratio to book your profits. Strength Indicator: When to short? When to go short using the Absolute Strength Indicator? Wait for the red line to rise above the green line. This indicates that the downtrend is strong. Take a short position in the market when you see the bearish trend rising sharply. When to exit your short positions? Exit the short position using the Absolute Strength Indicator as and when you see the red and green lines intersecting again, in the opposite direction.
You can also set your take profit level based on the fixed risk to reward ratio.