Day trade?

[Johannson]

Day trade is good now, or is just when market is more unstable ?

[atrocityx]

I wouldn't be really day trading Cryptocurrencies right now and I'll try to explain why....

Bitcoin is following the Bart Pattern from bitmex and bitfinex whale manipulators and unless you can master this pattern, bitcoin itself is off the table.

Ethereum last year was a very easy day trading coin but has now been pegged to BTC and will also follow these crazy bart candle pattern swings.

Alts are pegged to bitcoin completely and will also follow these bart candles.  People are also really jumpy with alts at the moment and will dump on you big time at even the smallest profit margins.

I'd look to play the market cycles over day trading at least currently.  Whether we goto $4500 or if $5700 was the bottom, we're generally getting close so the next alt cycle after we consolidate should be nearby.  Most alts in a cycle can expect to see anywhere from 2-10X satoshi gains if the full cycle completes... so it may be better to play the long game here imo.  But if you go this route, make sure to leave plenty of BTC off the table in case we correct further to buy better opportunities for cost averaging. Like for example if you were looking at one of my favorite coins NULS for a position.. as much as I like it I would set your buys laddered down all the way from 38000 to 25000 sats.  It's important to be patient and don't take heavy positions all at one price and you'll be well setup for when we moon.

TLDR: Position trading for the full market cycle may make better sense than day trading because we are near the bottom.. bart candle whale manipulation is very hard to predict and will absolutely wreck you if you can't understand the patterns.  Ladder in light with tons of space going down with always BTC available to buy lower dips in case we break down to 4500$.

Good luck with whatever strategy you use.

[tung06081989]

now not good time for trade days,i think if you trade days you only trade days with btc-eth because if the crypto market continues down you can stuck with the market but you can wait for long time but altcoin,when it down,maybe it never can go up again,i think you should trade days when the crypto mrket green

[itscomplicated]

I wouldn't recommend day trading right now,
I'm having a hard time analyzing the market now,
I think for the time being till the market calms down
I'll search for some alternative way to invest.

[asdnguyenthanhtin]

Daily trade or long-trade depending on the psychology and discipline of the trader. My opinion, In the crypto market, dally trade not good. For a strong convulse
market long-trade is better and trader is more comfortable.

[jrrsparkles]

Day trade is good now, or is just when market is more unstable ?

Day trade is always good if you are looking to earn money in the short time,but it is more risky than the day trade.And it is not fit for everyone so you can try that if you want but don't try if not needed.I will suggest holding to make money in long term.

[mk4]

Day trading shouldn't be only exclusively for bull market trends. The best day traders make money even when the markets are crashing. Even right now that the prices looks stable, we're still having $25-$150 price swings, which is still a trading opportunity.

[Idrisu]

In forex, volatility put money in the pocket of day traders and I think the samething apply here.  Day trading is very risky but if you can understand how it works it is easy to make money through it.  When market is stable, it an opportunity for us to invest for long term but not favourable for day traders.

[nydiacaskey01]

I would rather do scalping than day trading. The market right now is not really that stable even if you choose a good token or coin to put your money in, you might end up as a swing trader when the token or coin that you bought suddenly dropped and instead of selling at loss price your would rather hold on to it longer than planned.

[antoniolukaseo2010]

This option, The transactions transactions will be even even even when the market is not exist. Many or few tiền are do field market

[Pursuer]

being unstable can also mean being unpredictable and when the market is unpredictable you can not do any form of trading in it because it will be treading on the verge of being a gamble. in any case in order to day trade you want to first be able to predict which direction the market is going specially in short term and also you want the liquidity to be high enough to cover the amount you want to put in without disturbing the price.

[liuqi]

I wouldn't recommend day trading right now,
I'm having a hard time analyzing the market now,
I think for the time being till the market calms down
I'll search for some alternative way to invest.

Day trading is always good earning platform and this scenario we should expect more profit. Because sudden pump and dump is occur in this scenario so we should expect more profit and many crypto hunters also buying more crypto so it is right time to buy crypto currency.

[ahmad21]

I wouldn't recommend day trading right now,
I'm having a hard time analyzing the market now,
I think for the time being till the market calms down
I'll search for some alternative way to invest.

Day trading is always good earning platform and this scenario we should expect more profit. Because sudden pump and dump is occur in this scenario so we should expect more profit and many crypto hunters also buying more crypto so it is right time to buy crypto currency.

Day trading involves buying and selling several times in a day. So obviously, day trading can be done profitably in an unstable market when the fluctuations are high. The high fluctuations will give you more opportunities for buying and selling and making profits. So I don’t think that this is the right time for day trading. It also involves many more risks and a lot of time to be invested in order to study the charts and making predictions.

[casternetwork]

Day trade is good now, or is just when market is more unstable ?

Bitcoin prices continued to fluctuate in July, because in early July Bitcoin prices jumped from $ 5900 to $ 6800 and today Bitcoin prices fell to $ 6391. During this time should not be trading during the day because this is too dangerous

[yadwoa69]

For a recent downturn in the market , I think day trading is highly recommended than holding. Holding over the last month has not been profitable since the bearish market is not going to stop anytime soon.

[htconem7]

now not good time for trade days,i think if you trade days you only trade days with btc-eth because if the crypto market continues down you can stuck with the market but you can wait for long time but altcoin,when it down,maybe it never can go up again,i think you should trade days when the crypto mrket green

I do not think like you, you can see that bitcoin prices are adjusting and there are signs of a slight recovery, the transaction will help you reduce the risk of bitcoin prices fell sharply.

For trading day you will be able to still profit and minimize risk when the market is in downtrend stage, bitcoin price can drop sharply at any time. So you have to have a specific plan before the transaction.

[Huawei8877]

It is more likely to trade better when the market moves, and now we see consolidation in the market, that's when the price breaks the channel then it is necessary to start trade 

[logan16j]

Day trade is good now, or is just when market is more unstable ?

Day trading is the best choice as long as the market is in a downward trend for the time being, the bitcoin price since the $ 20000 mark has continued to fall sharply, so I think the bitcoin price will Sooner and later, you will have to be very careful in dealing with all your trading decisions to avoid losses as bitcoins suddenly fall off.

[valheru]

Day trading needs too much technical analysis for a successful work, but this act is very hard on these days. The market is very unstable for a day trade. However, there is a lot of people who have succeeded in the unstable market.

[FalcoonRed]

day trading is more productive and more effective if we are ready to sacrifice time every day just to monitor the pasaqr, an advantage if the market is unstable for daily trading.