The best crypto trading strategies to keep an eye out for!


[ad_1]

With the continued growth and volatility of cryptocurrency, crypto day trading is becoming more and more popular. Whether you plan to trade crypto overnight or want to make longer term investments, you should always take the time to develop solid crypto trading strategies first. But what are the best strategies to follow?

The basics of crypto trading

The idea behind crypto trading strategies is that you buy a cryptocurrency when the price is low and sell it when it is high, just like you would when trading any other instrument from anywhere. which asset class. Before you start looking at Bitcoin trading techniques, however, there are a few basics you should know.

Start by keeping in mind that the crypto market is very volatile. Some estimates indicate that coins can have changes in value of 20 to 30 percent in just a few days.

You also want to remember that cryptocurrencies are still new. Most crypto experts and traders agree that as they become more popular, their value will increase.

As with any other type of trading, you should always limit yourself to not trading more than what you can afford to lose. This is especially true if you are inexperienced or if you are trading something very volatile, like cryptocurrencies.

Diversification is also a great way to balance your losses, just as it is with traditional trading.

How are trading strategies different for crypto?

One of the biggest differences in crypto trading strategies is the volatility involved. Crypto trading strategies must take into account market volatility to a degree that is not necessary with stocks or other types of instruments. Also you can automate crypto trading; we’ll talk about that later.

There is also the fact that there are fewer options for trading cryptocurrencies, both in terms of coins available for purchase and sale and in terms of exchanges offering crypto exchanges. currencies. This limits your selection somewhat, but there are still many amazing choices.

Additionally, while you can only trade stocks on weekdays during business hours, you can trade cryptocurrencies 24/7. This increases the attractiveness of crypto-bots which can trade for you while you sleep.

Bitcoin investment strategy

With that in mind, let’s take a look at some crypto trading strategies. Most of the information you will find regarding these strategies focuses on Bitcoin, but you can easily adapt many of them to work as an altcoin trading strategy as well.

Day Trading Vs. Swing Trading vs. Investment – Your calendar

You can categorize crypto trading strategies into one of three main categories: day trading, swing trading, and investing. Crypto day trading involves buying and selling crypto multiple times in a single day. The idea is that you benefit from small price changes. Swing trading increases the time between trades and typically involves trading multiple cryptos at once. Investing is a long term option in which you buy cryptocurrencies to hold them for the long term.

You can also use trend or position trading. This usually involves holding positions for several months while you are following a trend.

Another option is scalping or high frequency trading. It’s about taking advantage of tiny price fluctuations, but it’s very complex and advanced. Beginners should not try it.

Crypto trading strategies based on entry type

Another variation of crypto trading strategies is the way you get the information that influences your trades.

You can trade from news, which would mean basing your decisions on news related to crypto. You would look at things like the regulation and adoption of Bitcoin or major investments made by influential people or large corporations.

Or you can trade using technical analysis. It involves looking at price trends on charts and using indicators. For example, you can use exponential moving averages.

To diversify

As mentioned earlier, one of the basic strategies for crypto trading is to diversify your portfolio. This helps reduce your risk, especially if you choose cryptocurrencies that don’t have similar uses. An example would be trading Bitcoin, which is primarily used as a cryptocurrency, and Ethereum, which is primarily used for a decentralized app platform.

Other parts

You can apply most of the previous Bitcoin trading techniques to any other cryptocurrency to turn it into an altcoin trading strategy.

Simple to follow crypto trading strategy

If you are feeling overwhelmed by the various crypto trading strategies, don’t worry. You can trade cryptocurrencies without fully understanding all the intricacies of these strategies.

The easiest strategy to follow would be to let the experts take care of it. There are a few ways to do this. You can use a trading copy platform that automatically copies trades made by more experienced traders. You can also use programmed crypto-bots to track these traders using trading signals.

Perhaps the easiest option is to find a trusted company to handle your crypto trading and investments for you. This company uses advanced algorithms and 24/7 automatic trading to take advantage of market movements and maximize your crypto profits.

What is Haru Invest?

Haru Invest offers an alternative to the stress of developing and executing a crypto trading strategy. Instead, our experts handle everything for you, including creating these strategies.

Haru Invest takes pride in delivering excellent results. The latest performance figures, for example, showed a return of over 16%, as well as an increase in the value of the crypto coin itself.

How to start crypto trading with Haru

Haru Invest makes crypto trading accessible to almost anyone. The minimum investment amount is only $ 10, compared to the tens of thousands you would need for similar services on other platforms. There’s also no requirement for investors, so you can get started quickly. You don’t need to take the time to educate yourself on finances, coding, or even crypto trading.

To register, you just need to enter some basic information, deposit your crypto and get started. You can currently choose from two crypto trading strategies. “Win like the best”Invests your BTC over three months or more. “Surf with volatility”Invests your USDT for a month or more.

As an added bonus, you don’t have to pay an arm and a leg for Haru Invest to handle your crypto trading. There is no management fee and you only pay the performance fee if your returns are above 15% APR.

[ad_2]

Comments are closed.