Bitcoin Forum

Hello all,
I am starting to day-trade on the crypto market and I was wondering what was your strategy?
For now I am just starting, I use MA, S/R levels, Fibs and RSI mainly.
What about you?

I'm looking also for a clearer and shortest explanation as to how is fib ret/ext being analyzed in lay mans term possible. Could someone lay it out here? Would be much appreciated ;D

My personal trading strategy, or should I say investment strategy, is for a long run kind of investor. I am not a very active trader because I choose to be more conservative to lessen the risk. With that, in the future since I am just starting, my strategy would put my money into different cryptocurrencies that I believe will spike up in value and price in the future (1 year or so to be exact).

And also, the trading strategy that could also apply to all is to have both fundamental and technical analysis. You need to balance everything and know both the external factors like the news and updates and also the movement of the graphs. This is what I learned in stock market trading which is kinda similar and can be applied in Bitcoin or any cryptocurrency market.

My trading strategy would just be looking for coins that I expect to rise and buying them, and then holding them for a long term. You can always try hanging around the speculation portion of the forums for information (although not always correct information) and always be sure to do your own research.

If you’re looking for more fast paced trading then I’m not really your person for advice.

My trading strategy is very simple and yet really effective. I only trade with coins which have a very high trading volume to ensure liquidity if my assets. This is the most important thing to look for in the coin you want to day trade.
Second, i only buy those coins which i think have alot of potential to grow in future. The crypto market is very volatile and anything can happen so if you choose wisely, you can also recover your trading loss by holding a progressive coin.
Fib ret (Fibonacci Retracement) is a tool used by many traders to choose the right coin to trade and you can easily use them to find a better coin. They basically use horizontal lines to indicate areas of support or resistance. You can refer to http://www.investopedia.com/terms/f/fibonacciretracement.asp for better understanding.

I don't look for indicators for my trade.

I make sure ETH is between 250 and 300 dollars, so that it's a safe band to trade it continuously.

The same for bitcoin, if it's in between 5k and 6k dollars, it's safe to keep trading it. Try to find ban zones like that.

Thanks for your answer
Do you use other indicators? You choose a coin that has potential to be able to hold it long term in case it cause down? So you don't put stop-loss?

Thanks for your answer.
So how do you choose your entry/exit point? Do you put stop-loss orders?

Thanks for your answer.
Do you have a particular technique to choose which crypto you think are going to rise?

I have several years of experience in the trading business, and I must admit that the altcoin market seems especially difficult for me to perform a proper analysis following traditional methods. Therefore I have only focused on investing in traditional cryptos to hold them in the long term. Sometimes I invest in new ICOs but only small amounts that I can afford to lose.

I'm just investing in coins that I believe in and wait a while. After the price has reached to a point that I feel is enough - I just move them to bitcoin.

I'll keep doing this untill I have enough :)

Thanks for you answer.
Isn't ICO even more risky? How do you choose ICOs to invest in?
Cheers

in fact it's very noticeable that visitors to this topic are much more numerous than those who give an answer. This indicates that no one will provide you with a real identity. But everyone goes for the same information, with which I would like to earn with pleasure.

My personal trading strategy is to all in in shit coins. The more shitty it is the best it is. And then I ask my rich uncle to invest in it because it is the future. And I sell.
Easy profit.  

Now that BTC price is passing previous all time high and keeps on beating the recorded all time high, expect that altcoin holders will start dumping Alts in exchange for  Bitcoins. For day traders its a nightmare because you have to pick the one that you think will maintain its price or will at least climb a bit. There are Youtube videos about RSIs and look at the articles posted by Investopedia.

My trading experience is only looking for coins. This coins also choose my personal opinion. Because we do not predict the which coin will good future. So I was analyse which crypto is raise in current market. This is the main strategy of buying and selling. Some coins are long term investment. Because it will help for my children future and my family status

Depends on the coins that i am trading. I always split my money into several coins that i think have future. Sometimes im going for a long term trade when i see that coin is very active and have potential for a bigger value in the future. Sometimes im going for a short term trade when i think that the coin that i am trading is only a hype.

Sometimes technical analysis does not work in crypto trading because the volume of cryptocurrency still small than other market like forex and stock, And I prefer to use and learn fundamental analysis, buy some coin that has strong in fundamental and hold it a few month and choose some altcoin that paired with USDT.

I use fibo and waves obv. But I use more news trading then technical analysis. I search for the major public events or new big updates for the projects. I try to buy the rumor and sell when expectations is gone.

My trading strategy is just buy on the deepest price( oversold), this strategy is easy to use if we extra patient. Patient is key of success in trading. And in my experience in trading, some technical analysis some times does not work in altcoin trading so cut loss strategy also will help to minimize risk and to reduce the lose.

I don't use these strategies because i'm not a daily trader. I only buy altcoin which i think interesting and hold those for some months or even years.

Thanks for your answer.
What do you mean by "strong fundamentals"? do you have an example?

Thanks for your answer.
How long do you usually wait to sell back?

My trading strategy is i hold coins top 10 in coin market cap and i buy ICO coins on pre-sale day and i do day trading

The best strategy is always know your path and don't panic if you are loosing money. i've took this two for a reason because they are one of the most important things you need to do even pros still gets confused by the time.

I do not use any indicators I just use the simple candlestick graph and the order book, I look for unbalanced order books on coins that have high volatility.

I analyze the last 3 months of ups and downs of the currency, and I buy when I'm down I expect the price to go up and see when you give me a good percentage over what I bought, thus ensuring that I will not take a loss in the short run.

I generally choose a coin because:

The coin has previously pumped a decent amount but it’s now sitting stably at a similar amount that it had before the pump and it’s still being used.
-or-
Because a coin is going to likely receive an update or new feature of some point soon and it hasn’t already received the pump that it will likely get because of that new feature/update.

However, it's usually in a case by case basis that I determine when I think a coin will rise; and it all just requires practice and research.

what is my trading strategy ? of course i will holding it and i will sell it whenever i think it's at its peak.
in brief i was a holders and rarely doing a day trade because it's not good enough,
but no matter what is it,short or mid or long run i always read the chart and sentiment.
i used technical analysis to read the map,i did not use it to determine my move because in cryptocurrency everything can be happen.
and it's unpredictable compare to other assets,
it's very easy to get manipulated by people due to low supply and other reason.
the best way to see it what will happen is by looking at people sentiment,
when you heard about FUD you will see a huge movement for a better one,but when you heard about SHILL there'll be a bad one.
always make a move to the opposite side.

A strategy that I think pretty many people use. It is a constant monitoring of a coin and choosing the times it's price falls to buy then waiting for price to rise and sell. It is the most single-use strategy we often use. But it also has a pretty high risk. It is characterized by short-term investment.

Day trading is hard and it relies on technical analysis. So I still have to learn about it before I can say any meaningful opinion.
Although for long-term perspective you should buy at dips and of course buy low sell high :D

My trading strategy is just simply buying at a low price and sell when in profit already. Usually I look for a coins which offer a potential coin. I invest even short or long term investment, I just sell when Im earning.

I do not have a good experience in trading but my best way is to buy when a coin is on red and sell it when is on green ( you can use coinmarketcap ).

You can buy this time some alts , bitcoin exploded and it will pump the alts coins in near future :)

I have a simple strategy: buy cheap and sell expensive, this is all in it, the trick is to know when to buy because, as you can see bitcoin is growing and growing as he use to do at the end of the year.

I'm not a trading expert and I'm actually more of a holder, but I do sell from time to time, but I never do daily trading. I think daily trading is very dangerous in crypto markets. They are just to volatile, so I don't see how you can profit from daily trading, if not by chance. For me it's all about the long term, so my only two advises when it comes to long term trading, is don't short to soon and don't trade on a leverage position.

The crypto markets are expanding, so you should really let it run for a while. If it's going up just let it be, don't try to cash out some profit, because it will probably continue to grow. If it starts going down (like 5% or 10% drops) short a little (like a trailing stop loss), but always keep looking for ways to get back into the game, because it will probably bounce up again.

As or the leverage trading, I just find it to risky as well. The market can go against you in a split of a second given it's volatility, and the exchange is going to liquidate all your assets just like that. It's just not worth the risk in my opinion.

A very long time of 3 months, a coin catching a performance of 3 months before is sometimes dependent on luck and conditions 3 months ago, a suitable time period of 1 month past.

I use Elliot wave and Fibonacci to predict retracements and reversals. This I believe is the best way to go into trading, applies to all forms of trading.

My trading strategy is in three part. I will first read as much as possible on any coin of interest. The historical chart and the product and service that is attach to each coin. Secondly I decide based on fact whether I am holing the coin or trading the merging. Thirdly if it is high value coin, I will always buy the lows.

My strategy is simple. I will put about 50% my fund into Bitcoin for long-term profit. With short-term, I choose altcoin with huge variable price and big volume. It is easy to entry and exit.

according to my own idea i am qualified business and my trading strategy in bitcoin is i am still busy in buying bitcoins now because the rate of bitcoin is increasing most probably and i am expected that the price of bitcoin will reach to 30k$ which is very high rate then i will start selling my bitcoin so thats my starteg

I don't really know how to trade. But I think (my own perception) trading will take you to a risky move. I want to try to trade but as what I said, I don't want to take a risk. I know every business or anything will always lead to a risky move or maybe it may lead to failures. I join bitcoin fill my basic needs and I don't want to lose my btc because of trading.

My strategy is to take as much as possible out of this business and as quickly as possible

the technical analysis does not work in crypto trading , Fibonacci retracement act, Crypto trading is very chaotic and depend of news , different events, conferences, states policy

i monitor always some coins like study the cycle like xrb now this oct i invest like 0.005 btc in xrb and now at the end of october i sell it because its high ,now the bitcoin price is high so some altcoins like xrb go down and because of that i invest again like 0.003 btc so if you like to invest also try this strategy and monitor also some coins

Its a common strategy and am also following the same thing. Its just buying the coins as long as my capacity is but not the whole investment it should be partial if you want to be bit away from risk. just hold your coins for long term and sell at the time of decent profit do not wait for more profit if its not a bitcoin. I never seen such huge hike in value.
There more topics and researches roaming around here. you should always gather them and do your own research

I just trade base on my predict. I don't believe technical analysis. It can not predict Bitcoin market.

Buying altcoins which is having the "waves". "Waves" is the most important feature you have to care about when you want to earn profit on day-trade.

Technically, you still need some basic stragedy to trade, like when this thing happen what will we do next? It's the basic thing then you could use your own ideal on those stragedies if it works.

My trading strategy is hold tokens more that one year  :) You do not need to constantly worry and constantly trade.

My strategy is:
The first one looks for trend direction, and
The second one generates signals in the direction of the trend.
This strategy is very useful for Bitcoin and other cryptocurrencies trading. Of course, this strategy can be used on traditional currency pairs as well, such as the Eur, Usd and other.

With daily trading, I just focus one thing. That is not greedy. I have lost much money and I realize that greed will make you fail. I usually set a percent rate to entry and exit (about 10%-15%). It means when the price down about this 10% I will sell to cut loss and if it increases about 10% I will sell to get profit. This strategy has helped me control emotion and earns money. You can try.

Depends, really. 

For the fund I implemented a market neutral strategy we built.  It's entirely autonomous and dynamic utilizing a computer learning library. 

I also make a few discretionary trades on the side for my friends for fun.  No AI, just what I used to do as an oil trader back in the day.  For that it's all order flow.   Tape never lies. 

I don't like candlesticks, I don't look at MA's or oscillators, and I can never get two people who use fibs to agree on levels so I don't use those either. 

Just orderflow.  Once you get used to it, that's all you'll need.

I would like to give my advice to you. There is no fixed strategy for cryptocurrency trading. This market depends very much on information. If you can catch information early, you will win. If not, you lose.

So how and where do you catch information early?

My trading strategy is for a long term profit, I buy at its lowest price when the token is low for 2 weeks and sell it when it is on higher price. I don't do short term profit it is hard for me to predict if the token will rise for just a day with only 5-10%.

It never happened that it went lower?

I'm just a new trader so I don't have much skills and experience or strategy in trading so I often join some truthworthy trade signal group to get trading signal. Luckily I found one and it's really work for me :D

This advice which I am giving right now is for rich traders. Like if you are tired making small small profits then there is a very good way to gamble and make ez profits with 10% loss chance. What you basically have to do is you need to set an amount and choose the colour which you come . Let me give you an example.
Say there are 3 colours  RED , BLACK and GREEN. Now if you place your bets on RED or BLACK and you win then you get double the amount you actually put in . And of you bet on green and you win then you get 14 times what you bet. But now let's ignore that green thing.

What my trick is you basically neet to set an amount to bet on REF or BLACK (depending on what you feel) and then go . If you win let the amount you bet be the same and then do the same thing again. But if you lose then double the bet and try the same colour again and again unless you don't win. And double the amount as many times as you lose. This way even if you win after losing 10 times , you will still have a 20 USD profit. Think over it . Like first you out 20 then you lose . Then double your bet and put 40 so if you win you get 80 and then subtract 60 (40 + 20) from it . Boom you made profit . But as stated above this is only for rich people who can deposit a huge amount to be on a safer side and make profit.

Which group is it?

How do you do an orderflow strategy? I'm just new in this space of trading.

You re speaking about roulette. But crypto isn t workin the same it s not 50/50 you could just loose all the time

Trading is a long achievement it is not a hastily if your have a more experience about altcion than you can start trading. My strategist is very simple , when a new coin came in market then we buy those coin and some days later we sell it and it make me a best profit.

So you do this with every single coins? I saw that usually when a coin hits the market it is very expensive compared to some days later

That is also a strategy in trading. But your strategy isn't the most profitable and effective one. Because like what jisokoo said, most of the time when a new altcoin hits the market, it's price is relatively high compared to what it will become after some days have past. You can take this opportunity to sell the coins that you've bought in its ICO. But take note that this doesn't always happen. Some of the new altcoins can start at a lower price but then pump after some days later.

I think when the altcoin or project make some good improvement then it is the best option to get profit from this coin because the improvement makes this coin good and this news is must attracting the investors and in this way is you pick at bottom and after the news when you sell it at high price then you can earn good profit from it.

my trading strategy is buy low sell high and you can search about the coin if you buy, and much better to analys a graph if you buy a coin.

I only use MACD with long time period but for mindset I choose to use as investor not trader. Simple explanation, money management has main part of my strategy. Martiangle is the best strategy I ever choose to make profit as short - middle - long trader. Calculate the power fund to take opportunity make money, it's not a perfect strategy but can give me income. Patience is the key to sell/ buy again, need hard work but it's worth. Good luck with your strategy. 

My trading strategy is too normal and does not need someone to be smart to make it. So, as far as I am concerned, a trader should first start with a small amount of money, let is say 100$. He should buy some bitcoins with the mentioned amount of money, then hold it off for a while.

When the price goes up, he sells in order to gain profit. Let is say he sold 0.014 for 150$. His profit is 50$. Afterwards, he waits for the price to drop off in order to buy bitcoin again. And the circle goes on and on until he gains a huge amount of profit.

It is the best step for the bitcoin because now a lot of the people are buying the bitcoin and they are investing in the bitcoin because the bitcoin has the huge potential and the amount of the bitcoin will give me the profit, I am sure the bitcoin will give me the real money and the bitcoin is now helping the people who have been with the bitcoin so long so I am investing the half of my salary in the bitcoin.

I am also newbie about this day trading.  So this is great topic you did. Will going to make some readings about their advices and I think it wil help me a lot.

If you already done long term trading then it is a good idea to switch to day trading but in case you have no experience of trading then I suggest you going for the first one.  You will not face a lot of loss and learn about many things in much better and clear way.

The most important thing is to understand the nature of crypto currencies and the factors that cause fluctuations in the digital market. You will also learn how to tackle different situation. One piece of advice, train your brain to stay calm under all sort of situations.

my trading strategy i buy coin in very lower price then i hodl it until pumping 10 to 15 percent interest i satisfied to sell my coins i hold i can't wait much higher price value because in one closed eyes immediately the the value. and mate make your own strategy if you want to become successful trader learning and stuying are best to get skills, good luck.

My strategy is: "buy cheap sell high" ;)

Fibonacci retracement and other technical analysis are good tools but necessary to know mean trend and all history of coins which you would like to invest.