While I’m not much of a long-term trader myself, I can certainly recognize the attraction towards this approach.
Many traders are attracted to this approach thanks to the instant nature of it all and how it eliminates the long waiting times of long-term investing.
Since it’s still quite a hectic way of investment, I’m here to give you my guidelines on how to do it seamlessly.
Understanding what is a Bitcoin ETF is not that difficult.
These funds are operated in a similar way to public equities and are traded on exchanges.
We as humans feel comfortable with patterns, which are homologous with habits, and from that, we can see and start patterns anywhere we go without even noticing a lot of the times we do!
Thankfully, that also is true for and can be applied to trading. These patterns, once identified, can give you significant clues regarding where the price will head, usually with high accuracy.
Here, we’ll delve into the most important and popular chart patterns and how to trade them on cryptocurrency charts.
But before you can make your first $1,000,000 in cryptocurrencies or any other market, you have to gain enough knowledge, education, and experience, use the right tools, strategy and risk management system and especially you need to have the right mindset. Without all of these, you will most probably (translation: definitely and certainly) lose in the long-term.
During the launch of Bitcoin some people had access to it for free, not even a single penny was charged, so it was a ravishing offer. After a whole year, the price was lifted to $0.37-$0.65, yet a minimal number of sales could be conducted.
The Experts Speak Out
Different experts have commented on what will happen to the price of this cryptocurrency by 2019 and beyond. Most predict a downward trend in the price, noting that the outlook for Bitcoin looks unfavorable.
Others, however, see this year as a glorious year for the Blockchain token, estimating its price at over $1,000,000 USD by the end of the year.
Who could be right? What tendency should we follow? Bullish or bearish?
One thing you can find annoying when trading BTC is having to nitpick numbers that are too specific within the charts.
Today, you’re going to learn about the importance of round numbers and how to trade them.
Candlestick patterns, also known as Japanese candlesticks, are a graphic representation of the price movements that encompass the market for a specific trading instrument.
They are one of the most popular tools of technical analysis, which allows traders to interpret price information quickly through candle bars.
Currently, candle patterns are one of the most used analysis tools by investors and traders, thus facilitating their work and visualizing any change in the market. The use of this tool is compelling every day evolves and is more versatile in life.
However, despite some of the negative hype, indicators are also great tools for anyone, myself included!
They can significantly help to simplify your trading when it comes to translating all the information on the graphs. They can, for example, help you when you don’t have enough time to sit down and analyze all the charts, providing you with instant information that you would’ve spent much more time gathering.
So, for you, I’m presenting you the best indicators for trading Bitcoin and other Cryptos. Keep in mind, I like to keep it simple, so that may reflect in the list.
The 4-hour chart crypto trading strategy is excellent for trading price swings that usually last for at least a few days. It gives you all the information you need to do so by filtering out the unnecessary noise from lower time frames, but still, it’s not so long-term to completely lose perspective of what is currently happening in the market.
If you’re a day trader, then you will greatly appreciate the information provided by this chart, which gives you 48 opportunities to profit on each day.
On the other hand, longer-termed investors may find extremely useful the ability to acquire more than enough information to better study the status of a trend or to time their enties and exits on this chart.
When it comes to day trading, the extreme is scalping - trading minutes. And to that matter, we will go to the 1-minute BTC chart, which provides the most recent data when it comes to the candles!
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