Here are some effective bitcoin strategies,
-Value cost averaging:invest a fix amount of money at a regular interval,adjusting the amount base on market price.
-hoding,hold bitcoin for long term regardless of market fluctuating value.
-dollar cost averaging,invest a fix amount of money at a regular interval,regardless of the market price.
Trading strategies:
-Identify and follow the direction of the market trends.
-buy and sell bitcoin within a specific price.
-make multiple small trades in a short period to take advantage of the small price movement.
Risk management strategies:
-manage the size of your bitcoin investment to limit potential loss.
-set stop-loss order to automatically sell bitcoin when it falls at a certain price.
Technical analysis strategies:
-identify and trade based on candlestick pattern,such as hammer,shooting star,and engulfing
-identify and trade based on chart pattern,such as tiangles,wedges and head-and-shoulder.
Fundamental analysis strategies:
Analyse market sentiments,such as fear and greed.
Analyse bitcoins network fundamentals,such as hash rate,block time and transaction volume.
Topic: Best bitcoin strategies (Read 7 times)
Jump to: