major strategies for trading cryptocurrency

[Robert518]

Following are the major strategies for trading cryptocurrency:

Moving Average Crossovers
Relative Strength Index (RSI)
Event-driven trading
Scalping
DCA (Dollar Cost Averaging)


Learn: How to Trade Cryptocurrency for Sustainable Profits in 2022

https://mycryptoparadise.com/how-to-trade-cryptocurrency-for-sustainable-profits-in-2022/

[Oshosondy]

DCA is not a trading strategy, it is an investment strategy. In trading, you can use averaging.

Scalping is not a trading strategy, it is one of the types of trading. Others are, day and swing trading.

There are still other useful indicators like BB and some others, but I am surprised you did not include BB.

[mk4]

DCA is not a trading strategy, it is an investment strategy. In trading, you can use averaging.

Or specifically, twapping (Time-weighted average price).

As for the article OP linked, there's no way to sugarcoat this — but it's total utter crap. And what makes it worse is that it's a "crypto signals" service.

[palle11]

Moving Average Crossovers
Relative Strength Index (RSI)
Event-driven trading
Scalping
DCA (Dollar Cost Averaging)

Some of this list is trading strategy but trading indicators.

1. Moving Average Crossover (MAC) : This is a trading indicator that many traders use with RSI. It is used to know the direction and strong buy or sell areas.

2. Relative Strength Index: This is another major trading tool or indicator. As the name is, it is used to know the strength of buyers or sellers, sometimes it indicates over bought or over sold

Scalping is not an indicator , it is a trading style. It is like daily trading or swing trading.

Dollar Cost Average is not trading, is a style of hodling where you gradually accumulate some coins by buying when price change.

[Ryker1]

^[snip]
Learn: How to Trade Cryptocurrency for Sustainable Profits in 2022

A lot of mistakes --how do you think there is a strategy that makes a sustainable profit?
There are no such strategies, OP mentioned seems misleading to newbies, and the post above was right. They are tools that you can use in trading but they are not strategies.
This article for trading tips is better than your ^{[ https://www.investopedia.com/articles/trading/06/daytradingretail.asp ]}

[michellee]

What you say is not a strategy instead, an indicator that you use to analyze the coin movements. It differs from the strategies such as buying low and selling high, which are the basic strategies many people knew before.

I guess you copied from this page:

Code:

https://www.ig.com/en/trading-strategies/the-5-crypto-trading-strategies-that-every-trader-needs-to-know-220708

because I found that the point is the same as in that page.

But it is okay if you consider that it is about trading strategies.

[Oshosondy]

A lot of mistakes --how do you think there is a strategy that makes a sustainable profit?

OP has lots of mistakes and he is not good in trading which can be known from what is written in the OP, they are absolutely not professional and looks like someone that is just reading about trading and knows nothing yet than memorizing it. But trading can give you sustainable profit if you are professional enough to trade with the best amount you can afford to trade, using indicators and having the right strategies, but most traders do not have all these qualities.

[tranthidung]

DCA (Dollar Cost Averaging

DCA is more matched with long term investment, not with trading.

Two important reasons that DCA is not good for trading

• Most of traders use all their capital for trading. Consequently, if they have bad entries, they no longer have another capital (reserved one) for DCA
• DCA is good for Bitcoin but for altcoins, it is not too good. Most of altcoins lose their prices about -90% from their all time highs. So what do you plan to DCA with altcoins? The more you DCA, the more risk you are taking more loses. Even if you DCA around bottom, you might exit when you lose your patience and feel angry with market.

DCA Bitcoin: https://dcabtc.com/

[xanto]

I can't say anything about the DCA,but I have always used the MFI
It shows the intensity with which money is invested and withdrawn from cryptocurrencies,analyzes trading volumes and price ratios in different periods
I am not asking anyone to follow my way,but this index helped me a lot in my time

[alik111]

You can't say these as strategies for crypto trading. They are some indicators to trade . Again DCA is not a trading strategy it's an way of proper investment. There are also many trading indicators. Day trading, Scalping and Arbitrage can be called strategies of Trading in my opinion.

[BitMaxz]

If you are using trading view there are lots of trading indicators that you can use those lists are common indicators used by many traders. There is no perfect strategy and no one is perfect at predicting what will happen to Crypto. Since Bitcoin and other coins are too volatile it's unpredictable no one will know what will be the price of the coin in the future, everyone can predict any coin and indicators is just a tool that can help you to decide when to buy or sell(that you can also use as a signal.).

[livingfree]

DCA (Dollar Cost Averaging

DCA is more matched with long term investment, not with trading.

I agree.

It is more about being on the side of investing and you'll just do it passively like whenever you want or feel or when you've seen the market is ideal to buy.

Unlike trading, you're more active on it and you've been at a close look with the market at all times. But just as investing, trading also requires patience and waiting.

[ajiz138]

I'm not sure this is the main strategy in trading when you put DCA into it, do you understand how DCA works? Don't many say it's for long term investment?

So don't get me wrong, they already know about the main basics of trading but what you mention is not correct maybe it's better to correct what you said and in the article.

Many say you have a lot of mistakes in the mentioned I think it's true.

[LUCKMCFLY]

Well, I have really been looking for many strategies to do scalping, but now it is what I think can be won faster, of course it should be noted that at the moment I am trading but in forex, so the volume is fully consolidated and the voltality is not high enough to do in altcoins, or even in Bitcoin I hope that for now as we are in the middle of the world crypto.com will do its part and make bitcoinm grow in price, I think that if it can be done, everything has to be done the sponsorship that can be achieved, I think it is the golden opportunity to do it, however there are many strategies that I have used on YouTube, but I don't know, sometimes they fail a lot.

[Bitstar_coin]

^[snip]
Learn: How to Trade Cryptocurrency for Sustainable Profits in 2022

A lot of mistakes --how do you think there is a strategy that makes a sustainable profit?
There are no such strategies, OP mentioned seems misleading to newbies, and the post above was right. They are tools that you can use in trading but they are not strategies.
This article for trading tips is better than your ^{[ https://www.investopedia.com/articles/trading/06/daytradingretail.asp ]}

It is clear OP has no knowledge about trading strategies used by many traders, perhaps the intention of this post was to direct users to the website for traffic or so. I don't know how he can consider DCA as trading strategy, that's highly misleading.
I feel sorry for the none forum members who would visit that site and actually thought those are great info on trading.

[Flexystar]

DCA is not a trading strategy, it is an investment strategy. In trading, you can use averaging.

Or specifically, twapping (Time-weighted average price).

As for the article OP linked, there's no way to sugarcoat this — but it's total utter crap. And what makes it worse is that it's a "crypto signals" service.

Twapping? Tell me more about it if it is even slightly different than what is DCA! That is really new word I have read associated with the trading after very long time. That’s why I’m specifically asking for this. As far as DCA is concerned I am already buying at various entry points and trying to keep my average price towards the lower side.  I think in case of twapping its more or less making purchases at right time or figuratively at times whenever price drops? I might be wrong but correct me if so. Thanks.

[AmoreJaz]

Well, I have really been looking for many strategies to do scalping, but now it is what I think can be won faster, of course it should be noted that at the moment I am trading but in forex, so the volume is fully consolidated and the voltality is not high enough to do in altcoins, or even in Bitcoin I hope that for now as we are in the middle of the world crypto.com will do its part and make bitcoinm grow in price, I think that if it can be done, everything has to be done the sponsorship that can be achieved, I think it is the golden opportunity to do it, however there are many strategies that I have used on YouTube, but I don't know, sometimes they fail a lot.

aside from those technical strategies, i guess, one good addition to note is to keep an eye from the social media channels of the coin you are interested to get involved with. because you can learn those TAs, but to get a hint on where the project is heading to is you need to lurk around their channels. investigate if they have plans or just pure talks on what they are planning to do. you will be blind if you are just basing the movement on the TA. because some coins don't follow the TA, they have their own market movement according to the plan of the devs.

[palle11]

aside from those technical strategies, i guess, one good addition to note is to keep an eye from the social media channels of the coin you are interested to get involved with. because you can learn those TAs, but to get a hint on where the project is heading to is you need to lurk around their channels. investigate if they have plans or just pure talks on what they are planning to do. you will be blind if you are just basing the movement on the TA. because some coins don't follow the TA, they have their own market movement according to the plan of the devs.

Telegram and the social media handles are part of the signals to watch on. There are announcement that go on with the project that only those following through such medium can plan towards it. Some news can make a coin to drop while some can pump a coin like listing in a new and big exchange, partnership of reputable company. So getting into social media channels is helpful as a strategy.

[crzy]

You can't say these as strategies for crypto trading. They are some indicators to trade . Again DCA is not a trading strategy it's an way of proper investment. There are also many trading indicators. Day trading, Scalping and Arbitrage can be called strategies of Trading in my opinion.

Indicators are not a strategy, it will still depend on how you approach the market and how will you use those indicators to come up with your trading decision. Yes, DCA is only good for long term investment and not applicable with trading. There are some tradings who don’t use much of indicators, again if you are going to trade better to create a strategy and stick with it.

[Ziskinberg]

I think it is a need for OP to know more about trading and familiarized everything. I'm not sure he is able to review what he has posted.
Anyways, it wasn't a really bad attempt OP but don't encourage people to do trading and say it was sustainable when you know yourself that trading guarantees nothing about profit. And I will tell you OP that trading is risky and even if you have all of those strategies ( not you have mentioned), you can't simply just say that you become profitable.

https://www.ig.com/en/trading-strategies/the-5-crypto-trading-strategies-that-every-trader-needs-to-know-220708
I think this is what OP meant to that makes him confused.