hateblog.com – Profitable Cryptocurrency Trading Techniques – Cryptocurrencies are now considered one of the trading tools to see risk. Aside from currency and stocks, these assets
seems to offer -possibly- poor performance. However, it is not allowed to generate profitable income from cryptocurrencies.
You think it’s like the fall of a durian, you know? You need proven skills to be successful, as well as a highly profitable trading strategy.
There are five profitable cryptocurrency trading techniques that you can apply in volatile market conditions, including:
Scalping, Buy Dips and Hold, Follow-up of trends, Placement of investments in currencies and Loans in cryptocurrencies through credit. each
You have to do this technique first to get really profitable results. For that, see the review below.
1. Hair removal
The first profitable cryptocurrency trading technique is scalping. This strategy teaches you to take advantage of the game
fast dry; entry and exit positions in a day or even for an hour. The key is that you have to trade small but you can make a profit as often as possible.
A scalper always avoids high volatility because it is hard to predict. The most suitable situation for Scalper is a calm bait
with little or no volume. For your information, this technique is also widely known as a way to profit from the foreign exchange market and other financial assets.
2. Buy sauce and wait
In the world of cryptocurrencies there is a short strategy in BTFD (Buy F*cking Dip). Cryptocurrency trading techniques
This advantage is based on a decrease in the price that is considered buying potential, assuming that the price will increase when market confidence returns.
In recent years, the price of Bitcoin has made strong gains, although there have been times when it has been underestimated. This condition is natural, because some traders are very sensitive
Positive and negative media coverage. When the news is good, many people rush to buy cryptocurrencies. Nevertheless
when bad news comes out, they will panic and immediately sell the coins, causing the price of the cryptocurrency to drop.
When the price falls into oversold conditions, this is a good opportunity for “brave” investors to buy the coin.
cryptocurrencies at low prices. You can predict when the pass will be oversold and its possible reversal. after
open a position, hold it for a certain period of time and close it when the price increase has reached your profit target.
3. Follow the trend
If it is difficult to predict when the price will change direction, you can try the trend following strategy or follow the trend. when you graduate
is experiencing an uptrend, so open a buy position. On the other hand, when the pass lands, you immediately open a short position.
Well, to offer and maximize profits, you can take advantage of the various tools available on the platform.
operations, such as Trailing Stop, for example. this feature can guarantee profit when the price trend moves according to your forecast.
Therefore, when the price changes direction, the profits that have been made will not be consumed by the reversal of the current price.
4. Coin investment bet
You can then carry out profitable share-based cryptocurrency trading techniques. This method is basically done
By locking a certain number of coins on the Blockchain network, you will earn interest on those crypto coins. flower
proportional to the deposit to be paid in accordance with the provisions applicable to each month, year or period.
5. Take advantage of crypto lending platforms
This technique is very interesting for those of you who are not very good at trading. Yes, by providing a crypto loan to a lending platform, you will earn interest on the loaned assets.
Some lending platforms that accept crypto credit are Nexo (8%), Cryptolend (10% interest), Celsius (10% interest), and
etc. There are some platforms that only accept stable coins, but there are also those that lend the most popular coins and tokens.
You should know that the largest lending platforms will guarantee the funds, so they are quite safe to use. But beware of fraudulent platforms…
Some of the benefits that you will get with this strategy is that it does not require market or market experience.
finances and does not require very high business skills. This method is like passive income, where you can earn interest over time. In general, profitable cryptocurrency trading techniques are very important.