Strategies for trading altcoins

[Amug123]

I have been seeing many threads , but the truth is there is none where someone shares their strategies to win with altcoins, I have a friend, he has a group of signals, I am not Really in that group, but I know that he is a person who has had some Success , according to the information I was Able to get from him (since he is very selfish) many years ago , he only calculates the time that passes between bullish peak and bullish peak to be able to put money in, wait and then win, I don't know if it is a good strategy I don't know if anyone applies others, anyone who wants to share is Welcome.

There are different strategies in trading altcoins In the cryptocurrency space. For example we have the dollar cost averaging that Involves investing a setting amount of money into a  particular coin frequently even though there are rise and fall of the market. We also have the technical analysis that Involves studying and observing charts and trying to predict or forecast future price movements, these are mine few strategies of trading  an altcoin. If have more  of these please list it below.

trading altcoin can be a bit complex and this due to its various strategies that traders  often use to maximize their profits, just like you mentioned doller cost technical analysis,  which are indeed one of the common approach used by traders, I also think by evaluating an altcoin underlying technology,  #DevelopmentTeam s and market demand to determine it's potential growth.

[LUCKMCFLY]

trading altcoin can be a bit complex and this due to its various strategies that traders  often use to maximize their profits, just like you mentioned doller cost technical analysis,  which are indeed one of the common approach used by traders, I also think by evaluating an altcoin underlying technology,  #DevelopmentTeam s and market demand to determine it's potential growth.

Well, it's not that simple, because you have to do a lot of things. Personally, I stick to what I know, and for me it's much easier to operate with BTC because it's an asset that has been around for a while and has a lot to analyze and is already in good Shape with its accumulation and Distribution cycles. In other words, it's safe. For me, memecoins are something different, something that can fall and never rise again. I would say they have a lot of risk.

[Glow]

I have been seeing many threads , but the truth is there is none where someone shares their strategies to win with altcoins, I have a friend, he has a group of signals, I am not Really in that group, but I know that he is a person who has had some Success , according to the information I was Able to get from him (since he is very selfish) many years ago , he only calculates the time that passes between bullish peak and bullish peak to be able to put money in, wait and then win, I don't know if it is a good strategy I don't know if anyone applies others, anyone who wants to share is Welcome.

Every trader has his or her unique way of trading and has ways to identify the market structure and trend but me personally when I started trading I got introduced to many strategies but the one that was more effective and yield more profit with patience was the support and resistance strategy, support being lie the floor of a house while resistance being the roof of the how price struggles to break over both these price ranges and when it gets to the resistance you go short or sell then when it gets to support it you can buy or go long it works on all crypto not only altcoins or bit coin but also fores commodities and bonds too,but being able to mark these points out is very important and one needs to study for that, I dnt mind sharing my strategy because I like seeing people excel and I love helping people achieve their goals cause it wouldn't reduce anything from me.

[gunhell16]

I have been seeing many threads , but the truth is there is none where someone shares their strategies to win with altcoins, I have a friend, he has a group of signals, I am not Really in that group, but I know that he is a person who has had some Success , according to the information I was Able to get from him (since he is very selfish) many years ago , he only calculates the time that passes between bullish peak and bullish peak to be able to put money in, wait and then win, I don't know if it is a good strategy I don't know if anyone applies others, anyone who wants to share is Welcome.

I don't think anyone will really share their strategy on how they make money, they can even share strategies that can help anyone with strategies on how it works but the strategy formula itself I think is not what is being said.

It's like a baker who will only teach the basic how to bake but the secret ingredients on why it tastes good when it's put in the oven after cooking, he won't tell you that. He will just leave it to those who see his basic tutorial on baking and the same goes for trading on how to earn passively from it.

[Bobcrypto]

the indicators to use in trading altcoins are just the same. i think the strategy you use in trading BTC/USDT can be applied on ETH/USDT or XMR/USDT. there are just more liquidity on BTC than in altcoins specially if you pick the ones with less volume.

i tried trading ADA/USDT recently, spot market is always a waiting game. its just better to trade when the market is bullish.

Obviously, every altcoins trading strategies should be alliened with Bitcoin trends circle to be consistent on earning on most times. As a matter of facts, Bitcoin drives the crypto market prices at intervals, though certain altcoins can have separate bullish momentum which are commonly affected by Bitcoin dips or dumps.
In my opinion, for proper altcoins strategic trading success, trading strategies should be flexible at some point to alliened with the bitcoin market trends.

[LUCKMCFLY]

Every trader has his or her unique way of trading and has ways to identify the market structure and trend but me personally when I started trading I got introduced to many strategies but the one that was more effective and yield more profit with patience was the support and resistance strategy, support being lie the floor of a house while resistance being the roof of the how price struggles to break over both these price ranges and when it gets to the resistance you go short or sell then when it gets to support it you can buy or go long it works on all crypto not only altcoins or bit coin but also fores commodities and bonds too,but being able to mark these points out is very important and one needs to study for that, I dnt mind sharing my strategy because I like seeing people excel and I love helping people achieve their goals cause it wouldn't reduce anything from me.

That is the idea, in fact the supports and resistances could be said to be a good plan, it is the basics and it can be said that everything starts from there, we as players are always going to do things that produce money for us in a safe way, however, to get to that the first thing I do is analyze the trend and where the market can possibly go, and then I go in with the technical analysis.

[Glow]

Every trader has his or her unique way of trading and has ways to identify the market structure and trend but me personally when I started trading I got introduced to many strategies but the one that was more effective and yield more profit with patience was the support and resistance strategy, support being lie the floor of a house while resistance being the roof of the how price struggles to break over both these price ranges and when it gets to the resistance you go short or sell then when it gets to support it you can buy or go long it works on all crypto not only altcoins or bit coin but also fores commodities and bonds too,but being able to mark these points out is very important and one needs to study for that, I dnt mind sharing my strategy because I like seeing people excel and I love helping people achieve their goals cause it wouldn't reduce anything from me.

That is the idea, in fact the supports and resistances could be said to be a good plan, it is the basics and it can be said that everything starts from there, we as players are always going to do things that produce money for us in a safe way, however, to get to that the first thing I do is analyze the trend and where the market can possibly go, and then I go in with the technical analysis.

Yeah that is the most basic and identifying the trend is very important and in trading the simpler the better and the less trades the better doesn't really help if you spend your whole day Infront of your laptop because there is nothing you can do about the price action but to capitalize and doing that in the most simplest way is the trend line on the higher timeframe and drawing the supports and resistance.

[LUCKMCFLY]

I don't think anyone will really share their strategy on how they make money, they can even share strategies that can help anyone with strategies on how it works but the strategy formula itself I think is not what is being said.

It's like a baker who will only teach the basic how to bake but the secret ingredients on why it tastes good when it's put in the oven after cooking, he won't tell you that. He will just leave it to those who see his basic tutorial on baking and the same goes for trading on how to earn passively from it.

Well yes, you are Absolutely right, although when it is Discovered, whoever discovers it will say how it is, that is what can happen , information cannot be left hidden,  Between heaven and earth there is nothing hidden , and that has been Proven , however for now the companies that share their way of trading to educate others is Something I respect a lot and if it is won I believe that they will do a great job , that in some Way it will be Rewarded to them in life.

[Rubel007]

Every trader has his or her unique way of trading and has ways to identify the market structure and trend but me personally when I started trading I got introduced to many strategies but the one that was more effective and yield more profit with patience was the support and resistance strategy, support being lie the floor of a house while resistance being the roof of the how price struggles to break over both these price ranges and when it gets to the resistance you go short or sell then when it gets to support it you can buy or go long it works on all crypto not only altcoins or bit coin but also fores commodities and bonds too,but being able to mark these points out is very important and one needs to study for that, I dnt mind sharing my strategy because I like seeing people excel and I love helping people achieve their goals cause it wouldn't reduce anything from me.

That is the idea, in fact the supports and resistances could be said to be a good plan, it is the basics and it can be said that everything starts from there, we as players are always going to do things that produce money for us in a safe way, however, to get to that the first thing I do is analyze the trend and where the market can possibly go, and then I go in with the technical analysis.

If we invest by following the trend, there is a possibility of getting big returns in a short time. I usually try to focus about the market trend before investing in altcoins. If the market is bearish, then if we invest at that time, the possibility of loss will increase, no matter what strategy we apply. Again, when it is bullish, there is a possibility of profit even if we invest in a relatively low marketcap altcoins. That is why considering the market trend before investing as a good strategy.