Topic: What is the Best Trading Strategy You Use for Cryptocurrency? - page 2. (Read 7613 times)

Volume Spread Analysis works quite well on crypto markets.

Thanks. I am using both the long term and short term but most of the time it is the short term that has edge for me for the time being.

im just do some research too, and i read their platform so tight so that i will be decide if their coin is having a good potential or not, and i am also viewing some clips in youtube thats why i am learning from social media too. there are different people on how do they trade accordingly to their wants and needs.

You can use indicator you like, choose by your self but always with long time period ( daily - monthly ). For me, long time period make me comfortable because has a better result than short time period. We can analyze the market slowly but sure and until know I never " panic sell ". Your money your decision, but don't use too many indicators, bad result. Have a nice day.

Your exchange probably has an app for it for tracker. I think polo has one that can even notify you through alarm if you're desired buy or sell rate gets reached. And it's easier to monitor if you can use your mobile devices for it.

It is so simple do bro. Please have preev or coindesk or coinbase in your mobile or desktop. You can find the option monitor the price chart in an hour, day, weekly and yearly basis to check the perfect growth and dips in the price chart. Coinmarkercap is good to moniter the altcoin when buy the initial token sale.

I would like to tell that RSI is effective in all systems, or scripts that you are trading, provided you know about RSI in deep.And also dont use MACD and RSI together because both indicates same signal as both are oscillator Indicator.I am a trend follower and i believe that trend following is the working good in cryptocurrency trading. I Have Mastered Rsi,candlesticks and bollinger band. Apart from these 3 indicators i also add volume,chart patterns and trendlines for trend and trade setup confirmation. I keep dow theory as base of all my systems and strategies . listed below are some tools that i use in my strategy

1) RSI                  -            (14 period default settings) Finding trend and divergence  
2) Boll band           -            (20 period default settings) finding the trend and tops & bottoms
3) Candlesticks       -           candlestick patterns like Pin bar,Fakey setup,Bull sash,Piercing line, etc
4) Trendlines
          &               -            Trendline channel breakout and trendline breakout confirms either            
    Trend channels                 the continuation of a trend or reversal of a trend.
5) Volume              -            confirming the trend breakouts and continuations.

let us see how the bollinger band squeeze breakout system works in crypto here

BUY SETUP:
BUY THE BITCOIN , when the candle breaks the boll band and close outside the band with high volume and rsi breaking 60 levels.

SELL SETUP:
SELL THE BITCOIN, when the candle breaks the boll band and closes outside the band with high  volume and rsi breaking 40 levels.

while applying this strategy you need to be proactive either you will follow this system and take positions or you will reverse the positions if the system fails...

see this below listed  image for proper understanding.
http://prntscr.com/gi6va2
https://prnt.sc/gi6cra

hope this helps, if you want to know more in detail then you can msg to my inbox  
thanks.

But how could you monitor the pump if you don't have a tools to tickle you up for some changes on happenings of the prices and the best tool to monitor some changes is to have an blockfolio app and other than that we should seek some information on coinmarketcap to see on which of the coins got dump harder of its peak hours.

For me, price monitoring really works. Whenever I see over the couples of weeks of an altcoin was pumping slowly, then that it is the signal for me that this altcoin is going to pump more than 50%.

i think it depends in you and what works for others may not work for you, so you better try it on your own way so that if youl loose you cant blaim anyone and you can always learn from your mistakes. but in my case im only using the basic method which is buy low - sell high and analyzing the movements of candle sticks.

I guess this is fine for me for now. I see it as a good advice while cryptos are in the lows of price.

The number 3, buy high and sell higher might be risky for me and in your enumeration is not fit for me. I know I have to check chart first before I buy and if I find it higher than before it is better to wait to see the price down.

I use following strategies : (as many people do):
1) buy low, sell high
2) buy high, sell higher
3) buy and hold
4) buy in/out gradually (in certain time and/or price intervals)

For now I have decided to abandon technical analysis indicators and just focus on this simple traditional trading strategy! That is buying an assets when the price is low and sell them when the price is high. I do my trading on poloniex and the only study I do was to look at the asset or coin to find out if it has taken a dip and buy and monitor it to see if it has raise over time and sell it.

I feel very bored if doing trading using indicators. Because indicators only read candlesticks that have occurred. I prefer naked trading by determining own wave point and trading longterm is my strategy. Maybe this isn't the best strategy but for me this is a strategy to makes me feel safe and comfortable in trading.

Buy low and sell high, so it means you have to be a big player and be patient to wait for the pump or else you might get caught and end up to be buying a high price not knowing the trend is downtrend. Some cases r like that.. that happened to me too.

Yeah , because waiting and having some patience will be the best attitude that a trader must have. My best stratedgy is buying and holding and when i got to see the big ATH i will sell and go buy again when it was cheap. rinse and repeat.

I use same strategy but failed me most times.

me im just doing some research and price monitoring hehe and some news  just make the trading a hubby so wont stress your self if is dump ok you can wait for some days of month just have a patients.

The only strategy that i use right now is to do swing trading. I know that it is not a pure strategy but more on type of trading but that is what i am doing. I always do swing trading rather than short trading or day trading. It is better for me because when i buy for example at 170 satoshi and at the end of the day it reaches up to 180 satoshi then i will just keep it for at least 3-5 days and then if the price will go up more than 200 satoshi then i will sell it and do the same thing again on the same or other coin.