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Author Topic: What do crypto traders look at?  (Read 205 times)
hugeblack
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December 31, 2024, 03:06:35 PM
 #21

You will find thousands of answers to this question that vary according to trading strategies and trading pairs. Some prefer BTC/ETH BTC/USDT BTC/ALT ALT/USDT ALT/ALT pairs according to their trading strategy.

 - For example, the BTC/USDT pair depends mainly on support and resistance points, technical analysis and news. When there is stability in the Bitcoin price, you may move to another pair such as
 - BTC/ETH, which usually changes when the Bitcoin price changes sharply, as liquidity moves to Ethereum once Bitcoin is pumped.
 - ALTCOINS pairs are linked to events such as burning, adding, conference, technical update and other things that you find by following the currency news.

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EarnOnVictor
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December 31, 2024, 03:55:46 PM
 #22

How do you traders know what to trade with the many cryptocurrency pairs available?

Do you only trade BTCUSDT or you mix it up? if you mix it up, how do you know what to trade.
It's your choice to deal with BTC alone or trade multiple pairs, however, my experience over the years always shows that it's better to stick to one pair than unnecessarily stress yourself with two or many of them.

Quote
In forex, you can have traders look at things like the forex calendar to know the currencies that will have high liquidity based on news or events, what do crypto traders focus on?
Cryptocurrency is a market just like the forex market, you can trade it with your technical, fundamental and sentimental analyses. The crypto market is such that even works well with hypes and sentiments, which makes it work better with sentimental analysis, especially if there are events that back that up.

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