CryptoRobotics
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TOP 3 popular crypto trading strategies for beginners
Scalping
The essence of scalping is making many transactions during the day to get a small profit up to a few percent.
How to trade?
It is important to define two key parameters: support/resistance levels and trend direction.
If the price rebounds from the lower limit, this is a buy signal, and if it bounces from the upper limit, it is a sell signal.
Trend trading
When trend trading, you need to determine in which direction the price is moving at a given time. Trends are local and global.
How to trade?
If the trend is directed upwards, then it is necessary to highlight the key support and resistance levels - and it is worth starting from them. The support zone is suitable for opening long positions, and the resistance zone is suitable for closing.
Crypto Arbitrage
There are two main types of crypto arbitrage: inter-exchange and intra-exchange.
Inter-exchange arbitrage
Buy cryptocurrency on the first site at a lower price.
Transfer coins to the second crypto exchange.
Selling at a higher price.
Intra-exchange arbitrage is the use of an intermediate trading pair within the same exchange. The course in different pairs can also vary greatly.
BTC to ETH exchange;
Buying LTC with ETH;
Selling LTC for BTC.
Put a on this post. And if he scores 10 reactions, we will tell you about other trading strategies for beginners!
Scalping
The essence of scalping is making many transactions during the day to get a small profit up to a few percent.
How to trade?
It is important to define two key parameters: support/resistance levels and trend direction.
If the price rebounds from the lower limit, this is a buy signal, and if it bounces from the upper limit, it is a sell signal.
Trend trading
When trend trading, you need to determine in which direction the price is moving at a given time. Trends are local and global.
How to trade?
If the trend is directed upwards, then it is necessary to highlight the key support and resistance levels - and it is worth starting from them. The support zone is suitable for opening long positions, and the resistance zone is suitable for closing.
Crypto Arbitrage
There are two main types of crypto arbitrage: inter-exchange and intra-exchange.
Inter-exchange arbitrage
Buy cryptocurrency on the first site at a lower price.
Transfer coins to the second crypto exchange.
Selling at a higher price.
Intra-exchange arbitrage is the use of an intermediate trading pair within the same exchange. The course in different pairs can also vary greatly.
BTC to ETH exchange;
Buying LTC with ETH;
Selling LTC for BTC.
Put a on this post. And if he scores 10 reactions, we will tell you about other trading strategies for beginners!