Best strategy for crypto trading

[Charles-Tim]

Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

The best is to wait for bear market and invest at the onset of another bull run. But if you want to learn more about trading, you will need to be very patient, use the amount of money you can afford to lose for trading and be very patient. Good to sell more often in the bear time and buy more often in the bull time. With time, you will have more experience.

For me, I only follow two things, buy low and sell high which is kind of cliché but it is what it is and watch the Fear and Greed Index and move accordingly. These two things helped me get some profit even though I don't trade full time and I just pop out and buy or sell whenever the movement in the index and he prices match what I want to do.

It depends, on which bases, weekly? Daily? Hourly? Minutes? Which one? For traders, some can buy high and sell low in just 15 minutes, 30 minutes or hourly, this strategy can work but not all the time. The market might have fallen, the person buy but the market continue to fall, it can be like that many times. Also some times, greed is what brought loss while trading.

[Smitty Werben Man Jensen]

I don't think there's a precise or accurate strategy but I believe in consistent wins from a trader. A professional trader does not stick with one strategy and uses a lot of strategy to make profit and the accuracy is not based on the strategy he use but the wins he has in the trades so there's no best strategy and no accurate strategy.

I agree that a trader should not stick to just one strategy because it will be very risky for sure,
a trader needs to see the conditions first before determining the strategy,
But what is clear is that every trader has his own way

[JooBra]

I don't think there's a precise or accurate strategy but I believe in consistent wins from a trader. A professional trader does not stick with one strategy and uses a lot of strategy to make profit and the accuracy is not based on the strategy he use but the wins he has in the trades so there's no best strategy and no accurate strategy.

Day to day trading is constant learning and following the market directions. Head needs to be clear and no emotions involved.

[jrrsparkles]

Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

There is no such strategy, if someone know a strategy which gives them more success rate how can you expect them to expose on public forum for free?

Technical analysis is just a part but price variation depends on other factors as well so keep in mind that try to avoid loss while trading that is what the best we can do which obviously gives better success rate.

[davis196]

The best strategy is to "buy low and sell high".
The problem is that not many traders know how to do this.
When it comes to Bitcoin,If the prices are dropping,just DON'T SELL.This is the number one rule.If you don't follow this rule,you won't be successful at cryptocurrency trading.If you don't follow the number one rule,all the other rules are pretty much pointless. I'm just keeping things simple.Many traders want to make things complicated by all the technical analysis stuff,but I've always thought that trading isn't supposed to be rocket science.
If you are asking about day trading of shitcoins and memecoins I can't give you any advise,because I don't want to touch shitcoins and memecoins even with a ten-foot pole.
My only advise about shitcoins/memecoins is to sell them and get rid of them ASAP.

[Ziskinberg]

The best strategy is to "buy low and sell high".
The problem is that not many traders know how to do this.

I don't think so. In fact, it was been a known strategy but the problem is that some traders had changed their minds as the market trend changed as well. It can be difficult to stick on the strategy when we got to lose control of our emotions and brought to losses instead of profit.
Well, traders will find strategies that are really effective but often fail because of being impatient. They often change their strategies once they lose and that seems to be not a good idea but instead, we sometimes stick to it for it works the next time.

[sarmrakib]

Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

This is really good to earn trading always .We all know that trading is the best way of earning but you have need to much knowledge behind it .We can earn a lot from here ,as you said you are following the common rule and i hope you are getting profit gradually .I always try to analyse the recent market chart and trend and also follow the upcoming news and put my investment set a target and exit after getting my profit .Day trading is high risky tricks to earn daily but if you are professional than you can do it but i think you have need huge amount of fund to continue .So better to do your ordinary trade to minimize your loss .Hope you can do better in next.

[naira]

This leads to daily trading I rarely do this because I'm busy and can't monitor market developments every day so of course I use common basic techniques with others but to do this strategy I certainly choose TradingView analysis to try trend lines and break outs but there are Many of the other techniques depend on the particular coin and can be seen from trends or pumps.

But if I didn't have the best strategy guide in the article on the trading board, I forgot to save it even though it's quite complete in the guide.

I hope it's Quick Trading Pattern Guide for Newbie traders you mean but that's what has been helping me for over a year since this thread was created by noormcs5. Honestly, this guide for a beginner will be very easy and very helpful in understanding some basic introductions. Especially as a day trader. Since the OP is not a beginner I'm quite hesitant to provide this guide.

[doomloop]

This is very difficult to answer as every trader got different tastes or ways how to do their trades.
But for me. Using multiple time frames, trading on breakout rather than catching the dips/pumps (catching falling knives).
Using multiple timeframes to confirm the price action, not only in 1 time frame, using higher time frame is also best idea to identify the market structure.

There are also tools that are going to be helpful for anyone who wants to be a trader or trading already. If you can find food tools and apply them to your trading then it will help you a lot. And another thing is for the traders to choose the strategy that they believe would work for them.

And before you start making use of a strategy you should make sure that you have taken your time to learn how this strategy works. And making use of stop loss wouldn’t be bad, because as a day trader anything can happen, so it would be good that the stop loss is active to save the day in case things should go wrong.

[Heartilly]

For me, the best investment strategy is to first study the tokens or coins you want to invest in. Many new cryptocurrencies are now being released and many of them have the potential and are really enticing to invest. So you must be wise in choosing and also know the possible risks in investing and above all be patient because we know that it takes time for our investment to grow.

There is a good chance that the investment in cryptocurrencies will grow significantly, so be wise and critical in choosing. We know that the movement of cryptocurrencies in the market is not stable, sometimes the value goes down, and sometimes it suddenly pumps. Let's just enjoy investing so that we don't get pressured and stressed. Good luck to all investors and token holders, all your hard work will also bear fruit one day.

[RealMalatesta]

I don't think there's a precise or accurate strategy but I believe in consistent wins from a trader. A professional trader does not stick with one strategy and uses a lot of strategy to make profit and the accuracy is not based on the strategy he use but the wins he has in the trades so there's no best strategy and no accurate strategy.

I agree that a trader should not stick to just one strategy because it will be very risky for sure,
a trader needs to see the conditions first before determining the strategy,
But what is clear is that every trader has his own way

It is like when we say diversify your portfolio so that when one does not play well, we can expect something better on the other. The risks can also depend not only on the strategy that you are using but also to the capital that you put in or to the frequency of your trades. We can share the strategy that works for us to the op but he must understand that it might not automatically work on him. It is still best if we are the ones that will figure out if what strategy fits us the most.

@OP that was totally normal because you are still learning but I suggest do not use real funds first when your practicing. We have platforms that offers demo trading.

[teosanru]

Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

It depends on the state of the market, in the bullish market for example the type of market there was in last April, the best trick was to trade breakouts. Every day you could see at that time that a new coin would breakout and could give you around 30-40% return in just a single day very easily. When the bull market was over breakouts were no longer giving great success rates because BTC would dump and alts just tend to follow it, therefore best was to buy at trend lines or supports to ensure you make some money during good corrections. Rest I think the double bottoms patterns is the most prominent pattern I see succeeding in the market.

[palle11]

The best way to trade is to follow the the ways others are doing. Following the trend that is and to follow the trend you can follow the group or community of the coin you are trading on. Sometimes the group decide to pump the coins and you see everyone going for buy and other times the are dumping. You can also by yourself monitoring the movement of bitcoin because that also drives altcoins market.

I disagree, you're likely to end up losing more than you will profit. Nothing good comes out of pumps and dumps. It has been observed that only the organizers and probably close peers profit from this scammy activities. You as a noobs probably will just be buying the top and later get dumped on. Avoid hype entirely as this same scenario occurs too. Take a good look at the coins that were hyped last year, they all are at a low price currently and most likely won't increase in value again or to the price they were few months back.
.

I didn't just say pump and dump group , among other things said I was referring to following the trend. As for now that the trend is still on bear or during bear the best is to sell and when it is looking bullish, then it is to buy. Of course there are pump and dump groups that will only do a disclosure to few people in the group. We need to be careful anyway.

Best trading strategy has to do with you developing a system that works for you, I can't give you mine because it might not be productive for you either due to your financial status or lacking the skills to execute it. While you can learn from others strategy don't go try to be them, not everyone should be day trading etc

Every trader should have a different trading pattern. That trading pattern is hard to readjust. Perhaps if you give me your pattern it may be difficult to readjust on but throw it anyway 

[Husires]

The strategy varies depending on the plan you put in place, the return on investment, the money you have and the period you want to invest in.

• If you want to invest in the long term, investing in bitcoin is the best, followed by ETH, and I do not advise you to invest more.
• Investing for a week to 3 month depends on risk, as many altcoins give higher profits than Bitcoin, but it is for a limited period.
• Daily investing is the most risky and requires knowledge of trading, technical knowledge, and how to protect your currencies.

The easiest strategy is, whenever the price is low, buy more and don't think about selling +10 years.

[Yamifoud]

This leads to daily trading I rarely do this because I'm busy and can't monitor market developments every day so of course I use common basic techniques with others but to do this strategy I certainly choose TradingView analysis to try trend lines and break outs but there are Many of the other techniques depend on the particular coin and can be seen from trends or pumps.

But if I didn't have the best strategy guide in the article on the trading board, I forgot to save it even though it's quite complete in the guide.

I hope it's Quick Trading Pattern Guide for Newbie traders you mean but that's what has been helping me for over a year since this thread was created by noormcs5. Honestly, this guide for a beginner will be very easy and very helpful in understanding some basic introductions. Especially as a day trader. Since the OP is not a beginner I'm quite hesitant to provide this guide.

I believe that thread is still very important even if you are not a newbie anymore. As learning can't just happen when you are about to start trading, it can happen all the time as long as you are in trading. But of course, it doesn't make sense if we just only read, it needs applications and so live trading is going to happen just to know if that is working or not.
It has also to know that there is no such perfect strategy to follow as it all depends on us individually as sometimes some strategy never works for all of us.

[Shasha80]

This leads to daily trading I rarely do this because I'm busy and can't monitor market developments every day so of course I use common basic techniques with others but to do this strategy I certainly choose TradingView analysis to try trend lines and break outs but there are Many of the other techniques depend on the particular coin and can be seen from trends or pumps.

But if I didn't have the best strategy guide in the article on the trading board, I forgot to save it even though it's quite complete in the guide.

I hope it's Quick Trading Pattern Guide for Newbie traders you mean but that's what has been helping me for over a year since this thread was created by noormcs5. Honestly, this guide for a beginner will be very easy and very helpful in understanding some basic introductions. Especially as a day trader. Since the OP is not a beginner I'm quite hesitant to provide this guide.

I believe that thread is still very important even if you are not a newbie anymore. As learning can't just happen when you are about to start trading, it can happen all the time as long as you are in trading. But of course, it doesn't make sense if we just only read, it needs applications and so live trading is going to happen just to know if that is working or not.
It has also to know that there is no such perfect strategy to follow as it all depends on us individually as sometimes some strategy never works for all of us.

Becoming a successful trader is not enough just to read how a good trading strategy is, but we need to practice it. In order to know whether
the strategy is working well or not, because sometimes everyone has a different strategy. We can also modify the trading strategies that we learn
from other people, so that they are more in line with what we want. The conclusion is that becoming a successful trader cannot be achieved instantly,
we have to go through a long process first. Therefore, after we study the guide on trading and learn trading strategies from various sources,
there is nothing wrong with us trying to trade, but make sure to start trading with small capital. Because usually when we start trading,
we often experience losses first, and that's a normal thing experienced by many newbies. We can learn from every loss we experience, to correct
every mistake we make. So crypto trading is not easy, but if we manage to find a strategy that suits us, crypto trading can be a good source of income.

[sheenshane]

Becoming a successful trader is not enough just to read how a good trading strategy is, but we need to practice it.

I tend to agree with the line that I quoted above.
You won't easily learn in just simple reading about trading strategies or techniques, it needs hands-on before you will learn and absorb those tips.  As they said, experience is the best teacher so that we become successful traders, but it doesn't mean it has a guarantee of perfect traders because trading for me is a sort of risking your money or let's say gambling most especially if you don't have an idea on it.

I don't which is the best strategy in trading is safe and less risky.  But I think the most I preferred IMO is investing and holding would be work without worrying my capital.

[Wexnident]

Hey, it happens you know, you try something out, it doesn't work out, live with it and move on, especially in trading. There would be a LOT of times where your strategies wouldn't really work out, try checking out the problem. If it was your strategy, then maybe integrate what was wrong to make it work, but if it wasn't, then just stick to it, you might just generally be unlucky. Honestly, most advice would just revolve around buy low sell high imo, but other than that, well it's more on the specific take of the user (you) on the market. After all, no one really knows what the market would end up with a day or two after.

[Xinarae*]

There are many strategies out there for trading cryptos they all work differently, so you need to find the one that works best for your goals you need to study the market properly and learn the trading techniques well. Traders in the crypto market must also stick to the chart and follow the price movements closely be prepared to change your bias often to cut losses, trade and avoid bull and bear traps and rates follow the price movement of coins.

[Mpamaegbu]

What is your local/native language? The forum has a number of users who speak most languages, so try to speak using local language instead of trying to write in English, especially when you want technical advice.

I think OP's English is good (fair) enough for anyone to fully understand what he said. I did, well.

OP, your use of breakout and trendlines are in order. They're leading indicators and with them you can prempt price action. Don't allow other indicators that lag to mess up your chart. However, you've to bear in mind that patience is a virtue when it comes to trading. Trading will test your patience and make you think your trading plan isn't working. Try to choose a higher timeframe like 4hrs and Daily to view and monitor your trades while you choose 1hr or 30mins timeframe for entry. With that you get to sieve out numerous market noise that can conflict with the long term direction of the pair.