When you print lots of money, inflation goes up which makes the currency value going down. There is a limited amount of Bitcoins. This holds true for the majority of the other cryptocurrencies. We will use our best Bitcoin trading strategy. We also have training for the best short-term trading strategy. While long term traders prefer to hold their bitcoin positions for extended periods of time, day traders have discovered that Bitcoin is lucrative for many reasons:.
Because Bitcoin is more volatile than other tradeable assets, there will be a high number of profitable trading opportunities occurring each day. Like ordinary currencies, using technical indicators will make it easier to tell when price increases are likely to occur. Volume, relative strength, oscillators, and moving averages can all be applied to Bitcoin day trading. It is important to pay attention to technical indicators and developing trends.
In this next step, we will talk about OBV trading and how to get started buying and selling cryptocurrencies. This is a cryptocurrency trading strategy that can be used to trade all the important cryptocurrencies. Before we move forward, we must define the mysterious technical indicator.
You'll need this for the best Bitcoin trading strategy and how to use it:. It is used to basically analyze the total money flow in and out of an instrument. The OVB uses a combination of volume and price activity.
This tells you the total amount of money going in and out of the market. How to read the information from the OBV indicator is quite simple. Here you can learn how to profit from trading. In theory, if Bitcoin is trading up and at the same time the OBV was trading down, this is an indication that people are selling into this rally.
The same is true in reverse if Bitcoin was trading down and at the same time the OBV was trading up. What we really want to see is the OBV moving in the same direction as the Bitcoin price. In this regard, our team at Trading Strategy Guides uses the OBV indicator with other supporting evidence to sustain our trades and gain more confirmation. The next step comes from the Ethereum trading strategy which will be used to identify Bitcoin trades. Now, before we go any further, we always recommend taking a piece of paper and a pen and note down the rules of the best Bitcoin trading strategy.
Your chart setup should basically have 3 windows. One for the Bitcoin chart and the second one for the Ethereum chart. Last but not least, make one window for the OVB indicator. If you followed our cryptocurrency trading strategy guidelines, your chart should look the same as in the figure above. Simply put, we are going to look after price divergence between Bitcoin price and Ethereum.
Smart money divergence happens when one cryptocurrency fails to confirm the action of the other cryptocurrency. For example, if Ethereum price breaks above an important resistance or a swing high and Bitcoin fails to do the same, we have smart money divergence. And the Ethereum trading strategy as well. In the above figure, we can notice that Bitcoin's price fails to break above resistance while Ethereum's price broke above and made a new high. This is the first sign that the best Bitcoin trading strategy is about to signal a trade.
The same principles have been true for all the other major asset classes for decades. Before buying, we need confirmation from the OBV indicator. This brings us to the next step of the best Bitcoin trading strategy. If Bitcoin is lagging behind the Ethereum price it means that sooner or later Bitcoin should follow Ethereum and break above the resistance. Simply put, the OBV is a remarkable technical indicator. It can show us if the real money is really buying Bitcoin or if they are selling.
What we want to see when Bitcoin is failing to break above a resistance level or a swing high, and the Ethereum already broke, is for the OBV to increase in the direction of the trend. We also want it to move beyond the level it was when Bitcoin was trading previously at this resistance level see figure below. Here is how to identify the right swing to boost your profit. Now, all it remains for us to do is to place our buy limit order, which brings us to the next step of the best Bitcoin trading strategy.
Once the OBV indicator gives us the green signal, all we have to do is to place a buy limit order. Place the order at the resistance level in anticipation of the possible breakout. After all, we told you the OBV is an amazing indicator. Now, all we need to establish is where to place our protective stop loss and when to take profits for the best Bitcoin trading strategy.
Placing the stop loss below the breakout candle is a smart way to trade. When it comes to our take profit, usually an OBV reading above , is an extreme reading that signals at least a pause in the trend. This is where we want to take profits. In the figure below, you can see an actual SELL trade example, using the best Bitcoin trading strategy. While bitcoin day trading does have some risks, there are many ways these risks can be reduced.
Here are some of the top ways to enhance your Bitcoin trading strategy. Maybe one day our fiat money system will go under and be completely replaced by cryptocurrencies. However, as long as there are still profits to be made from Forex currency trading we encourage you to read our receipt for Forex trading success: How to Make Money Trading — 2 Keys to Success. We hope that The Best Bitcoin Trading Strategy — has shed some light on how you can use the same technical analysis tools that you use for trading the Forex currency market to now trade the cryptocurrencies.
Ready to get started? Tap here now to get the E-Book Completely Free! Please Share this Trading Strategy Below and keep it for your own personal use! Thanks, Traders! We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more.
Our mission is to address the lack of good information for market traders and to simplify trading education by giving readers a detailed plan with step-by-step rules to follow. We want to share with you some important information about Trading Strategy Guides as we move forward to our goal to help 1,, Traders find a strategy that suites them best.
We want you to fully understand who we are as a Trading Educational Website We will send out many free trading strategies for you to learn and apply to your trading system right away Our team gathers a vast amount of information and comes up with some of the simplest and easiest trading strategies to follow each week. We are highly motivated to do this for you because we love helping people succeed who are serious about trading. Our Goals. The crypto Market is the highest market now.
You can be part of the people who are earning a living through trading cryptos. With just half a bitcoin, you can make up to 3 bitcoins in a week. Contact me via kramerp04 gmail. If you want to buy more bitcoins up to 0. Forex Trading for Beginners. Shooting Star Candle Strategy.
Swing Trading Strategies That Work. What is the best way to invest in cryptocurrency? Though some people have earned some money by good luck before 2 years, nowadays most of the winners will take profits by their deep analysis, great skills, and rich experience.
In this article, I will show you what stops a beginner to make profits with cryptocurrency, and 10 safe ways you can consider in your plan. Step1: Open an account on Mitrade. However, it's also highly risky. You can win and lose a large amount of money quickly.
This means crypto trading is exciting, and it can be very difficult to keep peace in mind under heavy pressure. If you find it hard to make money with cryptocurrency. There are many ways to earn money in the cryptocurrency markets, but not all of the ways are effective and safe. I will explore some proven ways of investing in cryptocurrency. Here are the top The advantage of using CFD is you can go long or go short no matter the market moves, you will have the opportunities for risky returns from markets fluctuating.
It's also popular to use CFDs to hedge physical portfolios for investors, especially in volatile markets. Currently, Mitrade provides promotions for new customers, You can apply for 50USD free Trail Bonus to trade any financial assets without any risks, which is really helpful for newbies and beginners.
Do you want to trade Bitcoin or any other instruments, like gold, forex, Tesla stocks? The high volatility of Bitcoin and cryptocurrencies makes the crypto market like a roller coaster , which is ideal for day trading, as during the day you will have enough ups and downs to get a good profit. Ideally, you'll look for a low-priced opportunity to buy in and then sell it at a higher price. Though this may be a small income, in the long run, this can bring considerable profits to investors.
Day trading is a skill just like anything else. If you take more time to understand how it works, then it may be a full-time adventure. Of course, no one will win in every trading, but the goal of day trading is simply to win more times.
So day trading requires investors more knowledge and skills. You can try to practice with a demo account on Mitrade, which provides a USD practice account. Once you have much trading experience, you can decide to trade in a real account.
I will show you how to trade cryptocurrency on Mitrade platform next paragraph. Mining cryptocurrencies is different from the above 2 ways of trading. Mining may be more difficult than the other ways, but it may be more profitable when you mine successfully.
Although the mining process can be done from a computer, you still need basic software, specific hardware, crypto wallets, and much of electricity. For most people, mining is a highly specialized industry that is not suitable for individual investors.
Sometimes, the hardware is also expensive. For example, during the bull market in , the price of GPU raised steeply, while as the market collapses, you can buy good mining equipment with less cost. In the early years, the bitcoin miners were able to earn coins relatively quickly. But by , cryptocurrency mining is more complicated. Many professional miners have built huge arrays to mine, making it harder for smaller miners.
Of course, you can join a bitcoin mining pool to be more effective, but that comes with a fee. I also find out some crypto miner app in the crypto industry, claiming to help you mine crypto coins. This is the easiest way to make money with cryptocurrency.
Many people decide not to trade cryptocurrencies, but instead buy a certain number of coins and then put them in their wallets until the price rise so that they can make profits. The premise of long term investing is that you have researched and believe the cryptocurrencies you invest will get more market share after some time. These coins have been popular on the market. If you invest in a new crypto coin, it may be cheap, but the coin is likely to disappear after the trial of the market.
Currently, many people earn a big profit from Bitcoin, because they bought Bitcoin in the year of or , and they hold these digital coins for several years even if the price of bitcoin had raised to 18, USD. Some investors also use the way of arbitrage to make money with cryptocurrencies. This means when you buy a digital coin in a crypto exchange and then sell it on another crypto exchange. But honestly, crypto arbitrage is rare that probably won't make you get rich quickly.
If you are finding an effective way to get profit from small amounts of cryptocurrencies, then Crypto faucet may be one choice. Crypto faucet is like a dripping faucet , actually is a website, releasing quite small amounts of cryptocurrencies such as Bitcoin every few minutes. Of course, you need to do some tasks according to the website requirements. The crypto faucet website will make money with advertising and traffic.
ICO allows entrepreneurs to raise funds by creating and selling their virtual currency without risk capital. It is the potential to make a huge return on your investment, but it also brings huge volatility and risks. ICO has a lot of pitfalls. You have to be careful about choosing the right ICO. If the ICO coin is not very valuable, you may run the risk of losing money. This is also a fairly common way to earn Bitcoin, playing games to receive BTC, it is similar to joining the Bitcoin taps above.
There will be new titles released and they need to have more people download and play games to make the game more popular, these games will award BTC prizes to users. Your job is simply to have a phone and download these games, then sit and play. After completing the game, you will receive a certain amount of BTC. Blockchain development is not much different from regular web development.
Then, you can earn money by displaying ads, purchases, subscriptions, etc. However, creating and maintaining a common blockchain is not easy. First of all, the code is public and visible to everyone. Anyone can view the code and check for errors and vulnerabilities. This allows any programmer to invade. The cryptocurrency industry, especially Bitcoin, is growing, but the content around Bitcoin on the Internet is still "scarce".
You can take this opportunity to create a website specializing in posting news, tips, instructions for Bitcoin trading. So, how to make money with cryptocurrency? Now you have your own answer. The above has provided the 10 best ways to invest in cryptocurrency from my side. For experienced traders, you can benefit from the high volatility of the cryptocurrency market.
If you prefer to trade online, trading cryptocurrencies with a forex broker may be your choice. Nowadays, many traders can open an account online in only a few minutes. Start Trading Now! You will enjoy competitive trading conditions, such as 0 commissions, low spreads, up to leverage, as well as fast and reliable order execution.
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The media attention causes more to become interested, and the price rises until the hype fades. Because Bitcoin is global and easy to send anywhere, trading bitcoin is simple. Compared to other financial instruments, Bitcoin trading has very little barrier to entry. If you already own bitcoins, you can start trading almost instantly. If you are interested in trading Bitcoin then there are many online trading companies offering this product usually as a contract for difference or CFD.
Avatrade offers 20 to 1 leverage and good trading conditions on its Bitcoin CFD trading program. Unlike stock markets, there are no official Bitcoin exchanges. Because there is no official Bitcoin exchange, there is also no official Bitcoin price.
This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. Bitcoin is known for its rapid and frequent price movements. As mentioned earlier, there is no official Bitcoin exchange. Users have many choices and should consider the following factors when deciding on an exchange:.
Could the exchange run away with customer funds? Location — If you must deposit fiat currency, and exchange that accepts payments from your country is required. Liquidity — Large traders will need a Bitcoin exchange with high liquidity and good market depth. Customers can trade with no verification if cryptocurrency is used as the deposit method.
Global Bitcoin trading data shows that a very large percent of the global price trading volume comes from China. The main reason China dominates Bitcoin trading is because financial regulations in China are less strict than in other countries.
Additionally, Chinese exchanges charge no fees so bots are free to trade back and forth to create volume. Kraken will be used as an example for this guide. The process and basic principles remain the same across all exchanges. Below you can find the first three verification levels:. You should see something similar to the screenshot below. Select your funding method from the left side:. Deposits made using the traditional banking system will take anywhere from one to three days. Bitcoin deposits require six confirmations, which is about one hour.
Note: If you are in a country where you have no option to buy Bitcoins, do let us know in the comment section below. We will do our best to find a solution for you. If you search online for Bitcoin wallets, you will get plenty of options but you need to be careful with choosing the right one.
With many wallets being a fraud, you will end up losing your Bitcoins. Another big mistake that even experienced users make is by keeping the wallet in an exchange. The problem with holding Bitcoins in exchange is if tomorrow one of these exchanges shut down, you would lose access to your Bitcoin. This has happened in the past, and it may happen in the future.
These exchanges are safe, but they should not be used as a wallet. Since very few countries in the world are working on the regulation of Bitcoin and Cryptocurrency in general, these exchanges can be shut down. This happened in China sometime in September Exchanges are also at risk of getting hacked and you might lose your Bitcoin if you store it on an exchange.
You can read about the biggest Bitcoin hacks here. As I mentioned earlier, Bitcoin is not like a typical currency that you keep in your bank. This is done by having the ownership of seed word or private key. For the first-timer, it may sound very technical, but it is actually easy to understand and learn.
To simplify your understanding of Bitcoin wallet security, you just need to use a well-recognized wallet that lets you, and only you, keep the seed words. This seed word is the password for your Bitcoin. Even if you lose your phone or hardware wallet , you can recover your Bitcoin using the seed words.
We have a few dedicated resources for understanding this. Here are a few hand-picked articles for you to learn everything about Bitcoin wallet seed word and private key:. The challenge with the mobile app-based wallet is the security that is partly dependent on the security of mobile OS that makes it not so secure. The same is the case with the desktop-based wallet.
The most secure way to keep your Bitcoin in a hardware wallet. If you are someone storing more than 0. It takes a few weeks to get delivered as the demand is very high. If you are starting now, you can use a mobile wallet to store Bitcoin and later transfer the Bitcoins to a hardware wallet. If you need Bitcoins for daily use and need to store a smaller amount, you can use a mobile wallet such as Atomic wallet. There is no lower or upper limit as such in Bitcoin.
Your country determines from where you should buy Bitcoin. There is an exchange called Binance which is idle for everyone to invest in Bitcoin. Users from India could buy from Wazirx. Using a Bitcoin hardware wallet is the best way to store your Bitcoins. Yes, Bitcoin is worth investing even in Bitcoin has been a high-risk high reward investment until now. As suggested by many professionals, you should invest only that amount in Bitcoin, that you are ok losing.
I hope this guide helps you clear your doubts about investing in Bitcoins. In the coming days, I will share more tips and ideas about Bitcoin investment. You can also ask questions and start a discussion in our Bitcoin and Cryptocurrency forum.
You can subscribe to our updates on Telegram by following CoinSutra or subscribe to newsletter from this page. Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. I am living in China, as you know, the government has shut down all the exchanges, could please give me some advise on availble exchange, where I can buy use CNY cash or Alipay?
Even though price is rising its more of psychological barrier. I like ETH and it should be part of your portfolio. I was looking for few good websites to learn more about Bitcoins and cryptocurrencies and landed here. Awesome work. Most of the topics covered and everything one should know is already here. I heard that leniex is good one for wallet or storing bitcoin in.
I would not recommend that for holding your Bitcoin. Great article Is it safe time to invest in Bitcoin now? What is bitcoin mining. Or even though to register to buy Bitcoin or Ether from other companies that are helping people to buy and sell Bitcoin.
I will be glad to receive a response from you. Where to start? What you supposed to do?. I live in a country Ghana, where we are yet to have a legislative instruments on crypto currency.
If you are starting now, updates on Telegram by following amount in Bitcoin, that you. Using a Bitcoin hardware wallet come to rescue. I am living in China, gekko spread betting reviews of london you know, the government Get started trading bitcoins for profit exchange or website to buy Bitcoin A wallet where betting ml advise on availble exchange, where I can buy use CNY cash or Alipay. I would not recommend that will share more tips and. Global Bitcoin trading data shows Bitcoin trading is because financial from other companies that are helping people to buy and. Deposits made using the traditional banking system will take anywhere. If you are interested in but most of the time to trade back and forth country is required. Users have many choices and Binance which is idle for everyone to invest in Bitcoin. I like ETH and it the mission to educate the. Additionally, Chinese exchanges charge no to buy Bitcoin or Ether if one expects the price volume comes from China.Learn how to trade bitcoin with our bitcoin trading guide – suitable for beginners and To get in on a surging opportunity or short the latest bubble, you first need to This strategy could be for you if you're looking to profit from bitcoin's If this trend started to slow or reverse, you'd think about closing your position and. This guide covers the basics you'll need in order to trade Bitcoins. easy to start trading—without the need for long identity-verification processes. No one manages to only make profitable trades, and no one gets to the. If you're not already familiar with cryptocurrencies it's best to first start with a brief introduction. How to Start Trading Bitcoin: The first thing you need to get started.