major strategies for trading cryptocurrency - page 2.

Ryker1

sr. member

Activity: 1918

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Eloncoin.org - Mars, here we come!

Quote from: Robert518 on November 19, 2022, 06:23:52 AM

^[snip]
Learn: How to Trade Cryptocurrency for Sustainable Profits in 2022

A lot of mistakes --how do you think there is a strategy that makes a sustainable profit?
There are no such strategies, OP mentioned seems misleading to newbies, and the post above was right. They are tools that you can use in trading but they are not strategies.
This article for trading tips is better than your ^{[ https://www.investopedia.com/articles/trading/06/daytradingretail.asp ]}

palle11

sr. member

Activity: 2310

Merit: 332

Quote

Moving Average Crossovers
Relative Strength Index (RSI)
Event-driven trading
Scalping
DCA (Dollar Cost Averaging)

Some of this list is trading strategy but trading indicators.

1. Moving Average Crossover (MAC) : This is a trading indicator that many traders use with RSI. It is used to know the direction and strong buy or sell areas.

2. Relative Strength Index: This is another major trading tool or indicator. As the name is, it is used to know the strength of buyers or sellers, sometimes it indicates over bought or over sold

Scalping is not an indicator , it is a trading style. It is like daily trading or swing trading.

Dollar Cost Average is not trading, is a style of hodling where you gradually accumulate some coins by buying when price change.

mk4

legendary

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Paldo.io 🤖

Quote from: Oshosondy on November 19, 2022, 06:43:51 AM

DCA is not a trading strategy, it is an investment strategy. In trading, you can use averaging.

Or specifically, twapping (Time-weighted average price).

As for the article OP linked, there's no way to sugarcoat this — but it's total utter crap. And what makes it worse is that it's a "crypto signals" service.

Oshosondy

legendary

Activity: 1414

Merit: 1118

...gambling responsibly. Do not be addicted.

DCA is not a trading strategy, it is an investment strategy. In trading, you can use averaging.

Scalping is not a trading strategy, it is one of the types of trading. Others are, day and swing trading.

There are still other useful indicators like BB and some others, but I am surprised you did not include BB.

Robert518

jr. member

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Merit: 4

Following are the major strategies for trading cryptocurrency:

Moving Average Crossovers
Relative Strength Index (RSI)
Event-driven trading
Scalping
DCA (Dollar Cost Averaging)

Learn: How to Trade Cryptocurrency for Sustainable Profits in 2022

https://mycryptoparadise.com/how-to-trade-cryptocurrency-for-sustainable-profits-in-2022/

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