There are so many things out there for Crypto Trading Strategies. I have gathered them all and picked the 3 Powerful Crypto Trading Strategies to improve Crypto Day Trading. This is a guide on basically how to day trade crypto points for daily Profit. You can contact us, join us and see how things are done here - https://t.me/bestbitmexsignal
Here are the 3 Powerful Crypto Trading Strategies:
1. Support and Resistance.
There are many people trading without the basics of trading, so when it comes to basic, Support and Resistance should be put in a nutshell. Where the market was and where it kind of rebounds give or take at different price levels. Levels can be emotional and fluctuating, price levels can be bouncing off moving averages or different indicators. So overall they are good price. Support and Resistance is one of the most used techniques in technical analysis based on a concept that's easy to understand but difficult to master.
Before you go ahead and jump into a coin or token and trade it, always map it out on the chart on trading view as you don't need a paid account and it's all free. Support and Resistance identifies price levels. There are many different ways to identify these levels and to apply them in trading. Support and Resistance levels can be identifiable turning points, areas of congestion or psychological levels (round numbers that traders attach significance to). The higher the timeframe, the more relevant the levels become.
2. Three commas.
It's basically a API trading for the exchanges like Binance and it allows you to not only set a take profit but also set a stop loss as well. Binance only allows you to do one or the other as of now. It only allows you to take profit but no stop-loss or set a stop loss but you cannot take profit. If you're trading at night and about to go to sleep and if you're trading without your stop-loss or if you're trading without your take profit, well then either you're gonna keep your money safe but miss out on profit or you're gonna get the profit potentially but risk your capital being at risk. Three Commas is just an overall good way to go ahead and make money with Cryptocurrency.
3. Analyse 24 hours Volume chart.
It's a simple tip but it can be really useful for alerting your attention for a potentially good trade. Go on the Binance home page, go to 24 hour volume and just basically see what coins are having a lot of volume. Once you see any coin having a good volume, just mark it as favourite. For instance, if you see a coin trading at a 1% gain of 24 hours and the volume is a little high, you can add it to favourite. Go to Favourite app and it will be there and you can see it had a pretty decent sell-off and because you've checked the volume out and added it to favourite, it kind of alerted you to this coin which is really useful.
Above are the 3 Powerful Crypto Trading Strategies to improve Crypto Day Trading. Our team is following this strategies and making daily huge profits.. We gather and provide free Crypto signal, join and see how we work and how we make daily profits - https://t.me/bestbitmexsignal