ICT Crypto Trading Strategy Checklist Adapted for Bitcoin, Ethereum, and Altcoins

Research current market trends for Bitcoin, Ethereum, and Altcoins.

Analyze price charts for historical patterns and key levels.

Monitor macroeconomic indicators that could influence the crypto market.

Assess market sentiment using social media and news platforms.

Identify key support and resistance levels for each asset.

Utilize technical indicators (e.g., RSI, MACD, MA) to assess market conditions.

Look for chart patterns (e.g., head and shoulders, triangles) that may signal potential moves.

Set up alerts for price levels of interest.

Evaluate the fundamentals of Bitcoin, Ethereum, and selected Altcoins (e.g., technology, team, use case).

Stay updated on major news events or announcements affecting the crypto market.

Assess the adoption rates and ecosystem developments for each cryptocurrency.

Research competitor projects and their potential impact on your chosen assets.

Determine your risk tolerance for each trade.

Establish stop-loss levels to protect your capital.

Set position sizes based on your overall portfolio and risk management strategy.

Diversify your investments across different assets to mitigate risk.

Define your trading goals (e.g., short-term vs. long-term).

Choose a trading style (e.g., day trading, swing trading, HODLing).

Develop entry and exit strategies based on your analysis.

Review and adjust your strategy based on performance metrics.

Choose a reliable trading platform or exchange for executing trades.

Monitor your trades regularly and adjust stop-loss or take-profit levels as necessary.

Keep track of transaction fees and their impact on your overall profit/loss.

Document all trades and the rationale behind each decision for future reference.

Review the performance of each trade once closed.

Analyze what worked and what didn’t in your trading strategy.

Learn from mistakes and successes to refine your approach.

Stay updated on market developments that could affect future trading decisions.

This checklist offers a structured approach to developing and implementing a crypto trading strategy for Bitcoin, Ethereum, and Altcoins.