Best Bitcoin strategy

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The truth is that bitcoin is the hottest trading market right now. It is hotter than stock trading, oil trading, gold trading and any other market at this point. The reason people believe this is going to continue to be a hot market is because of blockchain technology. This is what allows transactions to happen without a central exchange. Here is another strategy on how to draw trend lines with fractals.

Trading bitcoin for profit is actually a universal cryptocurrency trading strategy. It can be used to trade any of the 800-plus cryptocurrencies available to trade as of today. If you’re not already familiar with cryptocurrencies it’s best to first start with a brief introduction.

There are so many cryptocurrencies that people do not tend to pay much attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested.

How to Start Trading Bitcoin:

The first thing you need to get started trading bitcoin is to open a bitcoin wallet. If you do not have a bitcoin wallet then you can open one at the biggest wallet called Coinbase. We have arranged a special deal for everyone wanting to get started in bitcoin to get a free $10 at Coinbase.

Bitcoin traders are actively seeking the best possible solutions for trading and investing in bitcoin. We have some of the best methods explained right here in this article. We have learned this bitcoin wisdom by trial and error and we are going to show you what is working right now. The methods we teach are not dependent on the price of bitcoin. They can be used whether bitcoin is going up or going down.

Keep in mind that it is possible to lose money. Your capital is at risk while trading cryptocurrency because it is still trading at the end of the day. We always recommend that you demo trade before risking any live money.

These bitcoin strategies can also be used for trading bitcoin cash as well as other cryptocurrencies. In fact, you can use this as a trade guide for any type of trading instrument. Blockchain technology is a big step forward for how to access information. Many companies are starting to develop applications to use Blockchain in their favor. Remember that when trading digital currency, it may seem like it's not a real currency. But it actually is real. This is not some Ponzi scheme. Before you buy bitcoins, have a solid plan in place and don’t underestimate the cryptocurrency markets. You must do your technical analysis just as if you were going to day trade any other instruments.

Top Exchanges for Trading Bitcoin & Cryptocurrencies

One of the reasons why Bitcoin is so popular among day traders is that there are many different Bitcoin exchanges available. Finding the best Bitcoin exchange will depend on many different factors. These include your home country, the preferred method of payment, fees, limits, liquidity needs, and other factors.

Here are some of the top cryptocurrency exchanges in the market:

Coinbase is the world’s largest crypto exchange. Available in the United States, Canada, and the majority of countries in Europe. Offers several payment options.Binance is the second-largest exchange that trades over 130 different currencies. Has low transaction fees (0.1%).Bitmex is the third-largest exchange and only trades BTC. Great for short selling and margin trades.Bittrex is a US-based exchange founded by ex-Microsoft security professionals.Robinhood is a new exchange with 6 million users and takes zero trading fees.OKEx is a Hong Kong-based exchange. Trades over 145 different cryptocurrencies.GDAX - United States-based exchange that allows users to trade Bitcoin, Ether, Litecoin, and other cryptocurrencies.itBit operates as both a global over-the-counter (OTC) trading desk and a global Bitcoin exchange platform.Coinmama - allows you to buy and sell easily. Accepts credit cards and has a large global reach.
What is This Free Bitcoin Trading Strategy?

A cryptocurrency is really no different than the money you have in your wallet. They have no intrinsic value. And cryptocurrency is just bits of data while real money is just pieces of paper.


Unlike fiat money, Bitcoins and other cryptocurrencies have no central bank that controls them. This means that cryptocurrencies can be sent directly from user to user without any credit cards or banks acting as the intermediary. The major advantage of cryptocurrencies is that you can’t print them like central banks do to create fiat money.

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. The supply side can’t increase which makes Bitcoin less prone to being affected by inflation.

Now, let’s move forward and see how we can profit from the cryptocurrency mania. We will use our best Bitcoin trading strategy.

How to Day Trade Bitcoin

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:

Crypto trading is more volatile than stock trading.
Bitcoin is traded 24 hours per day 7 days a week.
Bitcoin allows for big trades with low overhead.
Bitcoin is the most liquid form of cryptocurrency.
Multiple trading opportunities emerge within a 24 hour period.
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.

The Best Bitcoin Trading Strategy – 5 Easy Steps to Profit

This is a cryptocurrency trading strategy that can be used trading all the important cryptocurrencies. Actually, this is an Ethereum trading strategy as much as it’s a Bitcoin trading strategy. If you didn’t know Ethereum is the second most popular cryptocurrency (see figure below).


The best Bitcoin trading strategy is an 85% price action strategy and a 15% cryptocurrency trading strategy that uses an indicator.

Now…

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:

The only indicator you need is the:

On Balance Volume (OBV): This is one of the best indicators for day trading bitcoin. It is used to basically analyze the total money flow in an 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.


OBV Indicator

The OBV indicator can be found on most trading platforms like Tradingview and MT4. How to read the information from the OBV indicator is quite simple.

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 move to the upside wouldn’t be sustainable. 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. Later on, you’ll learn how to apply this information together with the cryptocurrency trading strategy.