What are your most effective crypto trading strategies?

[benalexis12]

There is nothing better than holding a Crypto here in this field of business. Because even if you're just a newbie and don't know anything about it, as long as you're sure about the investment you're going to buy like bitcoin, it can be said that it's an effective way for you to have good savings in the future. That's why there are two types of traders, short and long-term traders. So being a long-term trader is one of the safest things to do as a newbie in the crypto space.

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[LUCKMCFLY]

All the strategies that you have are great, but I think that in trading you have to be more specific, because there are several types of trading, long-term, medium-term or short-term, scalpin, for me they are all very serious and must be taken with great responsibility, binary options, futures, all are excellent, but the truth is that any of these types of trading there are strategies that can be different, in my case I would like to learn how to trade in scalping mode, I know what tarding is more risky, but worth it, there is still a lot to learn.

[Woodie]

1: What trading strategies have worked for you in the past?

Smart money concepts is what I use but of late I haven't  been trading crypto as am trading currencies which I find to be easy.

2: How do you manage risk when trading cryptocurrencies?

The only way to manage risk is trading the mechanical way, if price gets to a point where it says buy, you have to buy and nothing else and this way emotionals are put out of the way. let price action play out...if it's meant to win it will win!

3: What are some indicators or tools that you use to inform your trading decisions?

It's all about a clean chart nothing else...

4: How do you deal with market volatility and sudden price swings?

When price seems to volatile then no need to trade as I have learnt to sit out when such market conditions present themselves.

5: How do you set your buy and sell orders?

Usually I trade with pending limits as my strategy is all about trading reversals/reactions from my order block.

6: What advice do you have for new traders who are just starting out?

Let's have a productive discussion and share our knowledge and experience with each other; Thank You

Practice ,practice,  and practice some more, don't lie to yourself that you will get it right without it as its the only way to get a feel of real markets and express your emotions and perfect your art...without this its called gambling!

[DoublerHunter]

There is nothing better than holding a Crypto here in this field of business. Because even if you're just a newbie and don't know anything about it, as long as you're sure about the investment you're going to buy like bitcoin, it can be said that it's an effective way for you to have good savings in the future. That's why there are two types of traders, short and long-term traders. So being a long-term trader is one of the safest things to do as a newbie in the crypto space.

^Because newbie should monitor first the market and how it will work and that is what I did when I was a newbie in trading and I agree with you.
Long-term trading can be a safer decision for those who are new to the crypto space, as it allows you to ride out market fluctuations and benefit from the potential growth of the asset over time. Altogether with proper planning and discipline, investing in cryptocurrencies can be a great way to secure your financial future. As a beginner in trading, it is important to do your research and understand the risks that were involved in trading, not just because you heard about the profit.

[Franctoshi]

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?


Let's have a productive discussion and share our knowledge and experience with each other; Thank You

Whatever suggestions I will give here will only serve as a guide to helping newbie investors navigate profitably, at the end you still have to develop your own strategy that will suit your kind of investment or trading pattern. The strategy that has profited me most is buy the deep DCA method and HODL. I only apply my DCA buying method when the market has clearly started its pull back and the only indicator I found most useful is the RSI overbought at 85 and overdsold at 15 and the Fibonacci.

I love the volatility because what goes up fast also goes down fast verse varsa, just allow the volatility to take one direction and target the opposite move.

[bittraffic]

All you need is to identify which price is the lowest and the possible peak price in order to trade. Most of the time in order to pinpoint is to learn what support and resistance. Because this is usually where the bottom price is, resistance could become a support in the future.

This is literally buying low and selling high strategy. You know when they say it's easier said than done? It's somehow easy when you know there is a bull market so the solution is just to trade during the bull market. Using RSI and then identify the oversold and overbought lines of the price and the support and resistance. But make sure to stop when the bear market also begins.

[Yamifoud]

This is literally buying low and selling high strategy. You know when they say it's easier said than done? It's somehow easy when you know there is a bull market so the solution is just to trade during the bull market. Using RSI and then identify the oversold and overbought lines of the price and the support and resistance. But make sure to stop when the bear market also begins.

Perhaps, it was an old strategy but still works effectively especially, if we are able to analyze the market trend so well in a particular project that we use to trade.

As for me, we don't need to have a lot of strategies in trading because that only confused us about which one is working, it is better to keep 1 at a time and see what is the result before moving to another one. And to tell everyone also that not all the time our strategy/ies works, it can also depend on the market situation and of course, the one who is using this.

[Webetcoins]

There is nothing better than holding a Crypto here in this field of business. Because even if you're just a newbie and don't know anything about it, as long as you're sure about the investment you're going to buy like bitcoin, it can be said that it's an effective way for you to have good savings in the future. That's why there are two types of traders, short and long-term traders. So being a long-term trader is one of the safest things to do as a newbie in the crypto space.

Holding strategy or technique doesn't work with all coins or tokens, it only works with cryptocurrencies that have the ability to keep themselves in the game, and even if their prices fall in the short run, they are able to recover and gain a higher price in the long run, just like Bitcoin, Ethereum and a few more cryptocurrencies out there.

Apart from a few, all other cryptocurrencies and tokens must only be bought and sold for a shorter term only to gain quick profits since if you hold them for long only to get a better price, you might end up losing value since they might not be able to sustain their value in the long run.

[kojektea]

there is no personal strategy that is most effective but not following other people's styles in trading I think there is its own satisfaction. if we lose we will introspect the mistakes of what we do. if we really see it from our personal point of view this is very good to do compared to following other people's styles. sometimes other people can only say it without knowing what risk they are taking because it is for other people not for themselves.

[lalabotax]

There is nothing better than holding a Crypto here in this field of business.

For those whonare not common to trading and for newbies, holding os exactly the best way for crypto business. But they mustvalso consider what cryptos to hold for long term, because not all crypto will be worth it or lead to dead coins. Of holding BTC this is exactly the beat way.

However, for those who are really usual with crypto trading and have their best atrategy, daily trading will really earn them big worth. They may be able to analyze the market and do day trading. If worried to face unpredictable market codnition, they commonly have had some strategies to cover it like setting stop loss or cut loss to do further other trading pairs. Or even doing hedging. Trading doesn't mean not to ever lost, but ensure that the profits are much higer than the loss. Everything will be tisky for holding or trading.

[Awraawra]

The trading strategy working for me in the past is short term. It's easy for me to get profit in that way I earn not so big profit but I have income everyday like 50$ per day. I want to try longterm hold bitcoin but I don't have enough money to buy Bitcoin.

[Nrcewker]

I do not rely on strategies. For me no strategy works the second time. I became adaptive to the market and trade accordingly. I would also like to suggest others to not to stick with any particular strategies. As here we are talking about profits and losses, and all this depends on the market conditions. But the strategy only works in a place where the conditions are always same. So i guess many of us are understanding now what I am trying to say. Just trade with calculations and trade in limit.

[ShowOff]

I do not rely on strategies. For me no strategy works the second time.

But actually even the most common strategy can do a lot more in trading.
You know what I mean, of course it's about buying low and selling high. Not forever bitcoin will increase because basically a correction can always be expected. The best opportunity is when you buy on a dip and sell when the price recovers. Some people would think of a big correction as a market pullback, but if it's used to buy, you will benefit from it, but combine that with DCA.

7 red candles and 2 green candles in the last 9 days is proof that the above strategy is working for anyone who adopts it. It's just that sometimes you need to divide several parts of the total budget you have for DCA if the potential for decline is still very large. You may disagree, but watch how the market recovers each time the price finds a deep dip during a correction.

[dunfida]

There is nothing better than holding a Crypto here in this field of business. Because even if you're just a newbie and don't know anything about it, as long as you're sure about the investment you're going to buy like bitcoin, it can be said that it's an effective way for you to have good savings in the future. That's why there are two types of traders, short and long-term traders. So being a long-term trader is one of the safest things to do as a newbie in the crypto space.

Holding strategy or technique doesn't work with all coins or tokens, it only works with cryptocurrencies that have the ability to keep themselves in the game, and even if their prices fall in the short run, they are able to recover and gain a higher price in the long run, just like Bitcoin, Ethereum and a few more cryptocurrencies out there.

Apart from a few, all other cryptocurrencies and tokens must only be bought and sold for a shorter term only to gain quick profits since if you hold them for long only to get a better price, you might end up losing value since they might not be able to sustain their value in the long run.

Would really be that only applicable into those coins or tokens which is really having those kind of potential on holding up for long years but for those shit ones, then its never been that recommendable.
You would really be holding into something which doesnt have that potential.How you would be able to determine which is worth and which is not? This is where real challenge and struggle
would start because there's no easy way to determine on which one and this is where Dyor would really be recommended.

Trading strategies which does involved active buy and sell and speaking about strategies whether old or new, it wont really be giving out that precise thing whether its effective or not.
We know that we could really be able to make lots of combinations and applications in between indicators and tools as long it would really be that relevant towards price trend or condition which we know
that it is really that unpredictable or there's no easy way of finding it out.

[irhact]

In addition to this, new traders should know and understand what they are about getting into that it is something that has the power to make them richer or poorer, with emphasis on poorer. The idea some new traders have is that as soon as they begin trading, they will immediately start making profit, we all know it does not work that way. New traders need to know that if they aren't skillful enough they can make more losses than profit in trading.

What makes new traders lose is because they weren't prepared enough before they began trading. Before an individual that wants to take trading a profession starts trading, he needs to learn and make sure he understands perfectly everything that a trader needs to understand. He has to be able to develop his own trading skills and not rely on others.

We have more losers than winners in trading because most of them don't have a strategy, they follow the teg market trends and get caught in the hype. The only effective ways of cryptocurency trading is when a trader buys low and sell highs, If you can't do that don't trade.

[BRINIRHA]

When you use to buy with short period in a day,you can able to buy at many dump.When the market is bear,the dump occur at various points.Even the price dump to all time low,So it will be best chance to buy for your future.All the traders should know the holding is essential one for good returns from your investment.When the trader depends on the market,the price of the crypto currency will increase or decrease depending on the market demand.So work with the market flow and don’t work against the market flow.It’s basic one need to understand by the crypto currency traders before beginning of crypto currency trading.

What do you mean by following the market flow is what is commonly called a follow the trend strategy?

Maybe that is true. Because if we go against the market flow then of course it can actually be more risky. But sometimes we also have to have the courage to make decisions contrary to market movements. Like when bitcoin suddenly goes into a deep decline. Then the majority market will be red. And the red market indicates that market participants sell more than demand to buy. And at times like this I personally am more inclined to enter and start accumulation at a certain point (support). Because someone also said to me about buying on red and selling on green. But this is only in case of a sudden movement of bitcoins. but if it's a long bearish trend then it's not good to go against the grain at such times.

[LUCKMCFLY]

Well, volatility is something difficult to measure, but I believe that one can make a type of strategy based on the news and on intuition, because volatility has a lot to do with those impulses that operators,media, and institutions have about as is the world scheme, and it depends on it if they are in a good moment to inject more money into bitcoin or consequently sell quickly in panic,as happened in 2020 when covid19 came out, which was a devastating fundamental for the market of btc and for all speculative markets.

I frequently wonder where all these major projects would circulate their up and down movement if Volatility did not exist. Our strategy always matters interms of dealing with the market, knowing the perfect strategy for each season. The market cannot be stable, even for a single day; the only sign that the market is inert is total consolidation. Volatility is what keeps our liquidity fueled and the market moving. It's always a really tight lane to be watching bitcoin drop heavily and looking for solid entrances at that point. Bitcoin has the ability to influence the market in both bull and bear directions; it all depends on what we actually desire in the market.  

Yes, indeed, what apsa is that many people who know the different projects do not think that the most important thing of all is that bitcon is the boss here, there is no other way to do it, if they were clear that things could be different when bitcon is in a bullish trend than in a bearish trend, the Projects would be very good and successful, the investors would be very millionaires, because if what happened in 2017 when the Altocins season was activated,things would be different, but in this order of ideas is Difficult but not Impossible.

[Quidat]

Well, volatility is something difficult to measure, but I believe that one can make a type of strategy based on the news and on intuition, because volatility has a lot to do with those impulses that operators,media, and institutions have about as is the world scheme, and it depends on it if they are in a good moment to inject more money into bitcoin or consequently sell quickly in panic,as happened in 2020 when covid19 came out, which was a devastating fundamental for the market of btc and for all speculative markets.

I frequently wonder where all these major projects would circulate their up and down movement if Volatility did not exist. Our strategy always matters interms of dealing with the market, knowing the perfect strategy for each season. The market cannot be stable, even for a single day; the only sign that the market is inert is total consolidation. Volatility is what keeps our liquidity fueled and the market moving. It's always a really tight lane to be watching bitcoin drop heavily and looking for solid entrances at that point. Bitcoin has the ability to influence the market in both bull and bear directions; it all depends on what we actually desire in the market.  

Yes, indeed, what apsa is that many people who know the different projects do not think that the most important thing of all is that bitcon is the boss here, there is no other way to do it, if they were clear that things could be different when bitcon is in a bullish trend than in a bearish trend, the Projects would be very good and successful, the investors would be very millionaires, because if what happened in 2017 when the Altocins season was activated,things would be different, but in this order of ideas is Difficult but not Impossible.

When it comes to trading strategies then it would really matter on each person and there's no such thing about being effective or not because there's no such thing about precise tools and indicators which would really still give out that kind of question when it comes to effectiveness. There's no way on pointing out and this is why it would really be a never ending kind of search and test out of different
strategies on different price or market conditions. This is where you would really be making out speculation and risk taking on whenever you do decide on taking up some decision on buying in or selling out.You are the ones who would really be finding out on those trading ways and methods which would really suit out your ways of trading or dealing with this market.

[Dr.Bitcoin_Strange]

I cannot say that I regularly use the same strategy. It is important to understand that the market is as dynamic as possible and this regularly requires that strategies need to be changed and revised.

Yes, the market can be dynamic, but you must surely have different approach, or you can call it a strategy, that you apply most of the time to maximize profits. So what could it be? I know that as a trader, one can have several strategies to try out depending on the situation of the market, so the OP suggests what that strategy is; even if it's many, what are the few you can share, and how do you maximize profit with it? However, there are two types of cryptocurrency trading, such as futures trading and regular sports trading, that are mentioned in some centralized databases.

[erixter]

Yes, the market can be dynamic, but you must surely have different approach, or you can call it a strategy, that you apply most of the time to maximize profits. So what could it be? I know that as a trader, one can have several strategies to try out depending on the situation of the market, so the OP suggests what that strategy is; even if it's many, what are the few you can share, and how do you maximize profit with it? However, there are two types of cryptocurrency trading, such as futures trading and regular sports trading, that are mentioned in some centralized databases.

I agree with your opinion. The most important details are the importance of effective trading strategies in crypto trading are the importance of fundamental analysis, technical analysis, risk management, trading psychology. Continuous learning and adapting to changing market conditions is also important. Importance of having effective strategies for successful trading depends upon many factors which involve before to take entry in BTC i.e fundamental analysis ( Importance of understanding market trends and news),technical analysis, trend indicator etc. Importance of emotions and news also matter in this. Stay disciplined and be calm before taking any decision. Always look into the market values and effectiveness of ready cryptos