The QFL Crypto Trading Strategy: Base Strategy Guide (2024)

The QFL (Quickfingersluc) strategy is a popular crypto trading method developed by the well-known crypto YouTuber, Quickfingers luc.

Also referred to as the Cryptocurrency Base Strategy, the QFL crypto strategy uses a quantitative approach to identify trading bases in the market and make trades based on that information. The strategy is designed to generate returns by exploiting upward and downward momentum in the crypto market through long and short positions.

The QFL strategy has gained a reputation for its ability to identify profitable trades and simplicity, making it a favorite among many crypto traders.

This article will look closely at the QFL strategy, its origins, and how it can generate returns in the crypto market.

What is QFL Meaning?

The QFL Trading Strategy, or crypto trading using Base Strategy, is based on identifying trading bases. This could help determine the purchase and sale action of the trader. Therefore, it is crucial to understand the key terms associated with the price movement of the candlestick graph when following the basic strategy.

How Does QFL Strategy Work?

To implement the QFL strategy, traders should follow a step-by-step approach that includes finding cryptocurrency markets with whippy charts, finding strong bases with higher rebounds, examining the frequency of panic sales, setting alerts based on their preferred base level, and using a reliable crypto market scanning tool.

  1. First, it lets you make sense of the red and green lines on the candlestick graphs.
  2. Second, it gives you a cue for buying or selling your digital assets at the right time.
  3. Third, it lets you efficiently play your move according to your risk level and targeted profit.

QFL Candlestick Key Terms

Base Level

This is also called the Support Level, the lowest price level reached before the price starts turning and increasing again. At the base level, you will notice that buyers of some coins in the crypto market have a strong reaction.

Rebound Level

This is observed when the coin price sharply moves upward after touching the base or support level. Then, a rebound happens because of a strong buyer reaction, which drives the price back up.

Resistance Level

This is the highest coin price level just before the increase stops, and the price drops again. At the resistance level, you will notice that panic sales usually happen, which then drags the coin price down.

Crack

This event happens when there is a strong ticker pulse movement at a distance from the base level down to the subsequent rebound formation.

If you want to earn Bitcoin or grow your digital assets, signing up for the best crypto trading platform is not enough. You also need to know the basics of your chosen strategy. Now that you know the key terms of QFL trading, it is time to discuss the necessary actions that are part of the basic strategy.

QFL Strategy: Step-by-Step Trading Actions

  1. Find cryptocurrency markets with whippy charts
  2. Find strong bases with higher rebounds
  3. Examine the frequency of panic sales and buy when traders are selling in panic
  4. Set alerts based on your preferred base level

Finding whippy markets is one of the primary keys to earning cryptocurrency from exchange platforms.

But what do we mean by whippy markets?

These are cryptocurrency markets with charts that resemble a whip. In essence, it's characterized by unstable coin prices that frequently go up and down. However, unlike stable markets, whippy markets offer traders many opportunities to have profitable entry points.

Find strong bases with higher rebounds.

Higher rebounds only mean a strong buyer reaction in the market, which can make for a profitable QFL trading action. High rebounds are characterized by significant increases in price from the base or support level.

You can use the qfl indicator to identify potential trading bases before making any buying or selling decisions.

Examine the frequency of panic sales and buy when traders sell in panic.

Examining how frequent panic sales occur in a particular cryptocurrency market is essential. One of the aspects of QFL trading is buying during panic sales. Determine the probability of new cracks in the future by checking how panic sales work at the previous base levels at a rebound and calculating the average size of such panic sales.

To have an idea about how future panic sales would drop the coin price further, you can make an average calculation of the distance between the price during the start of the panic and the base level.

You can calculate the distance between the previous base levels to know your entry point based on the crack's length.

Set alerts based on your preferred base level and use a reliable crypto market scanning tool.

To monitor the movement of cryptocurrency prices, it is necessary to use accurate and reliable crypto market scanning software.

What is the best trading tool for the QFL strategy?

Altrady, a cryptocurrency trading platform, offers a Crypto Base Scanner tool to help traders implement the QFL strategy quickly and conveniently. In addition, traders can get a free 14-day subscription to Altrady and use its tools and features to enhance their trading experience.

Crypto Base Scanner has a base alert feature that can notify you when a coin price drops to your targeted percentage level.

Alerts from Crypto Base Scanner will help you comprehensively analyze the cryptocurrency chart. Upon receiving the qfl signal, look at the market graph and try to spot panic sales for a profitable entry point.

Conclusion QFL

In conclusion, the QFL trading strategy is a popular and effective method for generating returns in the crypto market. By understanding the key terms and following a step-by-step approach, traders can use this strategy to identify profitable trades and achieve their trading goals.

The QFL Crypto Trading Strategy: Base Strategy Guide (2024)

FAQs

What is the QFL strategy in crypto? ›

The QFL (Quickfingersluc) strategy exploits panic selling moments in the crypto market. QFL involves buying below a defined 'base' level and interpreting candlestick patterns for informed trading decisions. The QFL strategy is adaptable across various timeframes, offering flexibility in trading.

What is the most profitable trading strategy in crypto? ›

Scalping

Scalping is a crypto trading strategy where traders aim to make small profits by executing many trades in a short period. They capitalize on small price fluctuations and typically hold positions for a very brief time, sometimes just seconds or minutes.

What is the QFL strategy in Tradingview? ›

What is QFL trading strategy? QFL stands for Quickfingersluc, and sometimes it is referred to as the Base Strategy or Mean Reversals. Its main idea is about identifying the moment of panic selling and buying below the base level and utilizing Safety orders.

What is the best exit strategy in crypto? ›

Crypto Exit Strategy: 14 Ideas to Maximize Your Investment
  • Hold For At Least A Year.
  • Borrow Using Aave Or Compound.
  • Use A Combination Of Borrowing And Holding For A Better Tax Rate.
  • Take A Write-off Loss… ...
  • Set Up A Charitable Remainder Trust.
  • Take Advantage Of Opportunity Zones.
Jun 28, 2024

How does QFL work? ›

A QFL (Quickfingersluc, also known as the Base Strategy) Bot is a sophisticated algorithmic trading tool that automates trades following predefined strategies and market conditions. QFL's core principle involves identifying moments of panic in the market and making purchases below the established baseline.

What is the golden strategy in crypto? ›

In conclusion, the Golden Cross in crypto trading is a technical analysis signal where the short-term moving average (like the 50-day SMA) crosses above the long-term moving average (like the 200-day SMA), suggesting a potential shift to a bullish market trend.

What is the best crypto to make money fast? ›

Best Cryptos For Day Trading
  • Bitcoin.
  • Ethereum.
  • Binance Coin.
  • Ripple (XRP)
  • Solana.

What is the quick finger trading strategy? ›

The QFL method relies on the principle of "buying the dip." After identifying a base level, traders wait for the price to drop significantly below that level before entering a long position. This approach ensures that traders buy low and maximize their profit potential when the price rebounds.

What is the most powerful indicator in TradingView? ›

Below, we will explore the top 10 best Indicators used among traders.
  1. 1 - Moving Average (MA) ...
  2. 2 - Relative Strength Index (RSI) ...
  3. 3 - Moving Average Convergence Divergence (MACD) ...
  4. 4 - Bollinger Bands. ...
  5. 5 - Volume. ...
  6. 6 - Stochastic Oscillator. ...
  7. 7 - Fibonacci Retracement. ...
  8. 8 - Average True Range (ATR)
Mar 12, 2024

What is the Buffett indicator in TradingView? ›

This is the Warren Buffett Indicator, the total market cap relative to the US gross domestic product (GDP). It is also called "Market Cap to GDP Indicator". For the market cap typically the Wilshire 5000 total market cap is used, which is representing the value of all stocks traded in the United States.

What is the most profitable crypto day trading strategy? ›

Popular Crypto Day Trading Strategies

Here are several options to consider: Scalping: Scalping is buying and selling quickly — in minutes — to earn little from a large trading volume. Arbitrage: Smartly benefiting from the price differences of the same cryptocurrency on several exchanges is known as arbitrage.

How do I choose a crypto trading strategy? ›

By using various technical indicators and chart patterns, traders can identify potential upward or downward trends in the crypto market. Once a trend is spotted, the strategy is to follow it – buying in an uptrend and selling or shorting in a downtrend.

What is the simplest exit strategy? ›

As long as the business runs well and is attractive to buyers, liquidation can be one of the simplest and fastest exit strategies. However, the return on investment can be low for business owners as they can only make money from the sale of the business assets or inventory.

What is the best RSI strategy for crypto? ›

Entry and exit for your trade

RSI can help inform traders when to buy low and sell high. For example, a trader may wait for the RSI to go above 70 to exit a position. Similarly, they could wait until the RSI is below 30 before entering a trade. Some traders see this as a way to get more crypto for their dollars.

What is the HODL strategy in crypto? ›

Simply put, HODL in crypto refers to a “Buy-and-Hold” strategy. Investors employing this approach retain their investments over extended periods to capitalize on the asset's long-term value appreciation.

What is the flipping strategy in crypto? ›

Flipping is a popular investment strategy in real estate or share markets. It involves purchasing something with the goal of quickly reselling it for profit. Similarly, flipping crypto refers to buying a coin or token at a lower price to sell it later at a higher price.

What is the best stop loss in crypto? ›

Here are some best practices for setting a stop loss in the cryptocurrency market:
  • Analyze Market Conditions: ...
  • Consider the Coin/Token's Historical Data: ...
  • Avoid Setting Stop Losses at Obvious Levels: ...
  • Adjust Stop Loss Based on Market News and Updates: ...
  • Use Percentage-Based Stop Loss: ...
  • Regularly Review and Adjust:
Sep 5, 2023

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