Any other means to sell other than these may inflict fraud or similar consequences. Be safe from scams and sell your Bitcoins only using secured channels.
As we all know Bitcoin is one of the most credible and popular digital currencies these days in the crypto market space. There are so many people who are so much interested in buying Bitcoin and for this purpose they are all in search of the best exchange places where they can do that in the most efficient way possible.
So, here we list out some of the best exchanges for buying Bitcoin: Let’s check out the list and compare the differences between the best crypto exchanges.
For the beginners, knowing about bitcoin trading is a hard task for sure!
There is a wide range of traditional strategies that can be applied on bitcoin through which you can make money. Here we’ll discuss some tips to start trading bitcoin successfully, Also, make sure to check my complete bitcoin strategies as well!
If you are new to Bitcoin, then I would welcome you right at this spot for some general facts. For the beginners, I am sure that Bitcoin would probably be coming up as a confusing and daunting thing to learn about.
Many years back Paul Krugman, one of the famous economists, came up with a prediction related to the power of internet. In accordance with his prediction, the internet will start working on the slow mediums.
Many people see Bitcoin trading as simply buying it and praying to God for the price to increase eventually, however, there’s much more to it.
Today, the biggest profit in the crypto market is to be made through short lasting trades - specifically, day trading.
With day trading, you can take advantage of the smaller movement prices that get overlooked as you study the long-term trends of the industry, which can be stagnant for some time and therefore not suitable to long-term holders.
On the other hand, trading with charts that are smaller timewise opens the door to more profitable trades thanks to the movements being more significant.
1. Advantages Of The 1 Hour BTC Chart
First, take a look at this weekly chart:
While the above statement might be shocking and for some even impossible to swallow, many experts have also predicted an ultimate and stable rise in the price of bitcoin in the following years.
They said, “Bitcoin is destined to become the world’s largest crypto network and who knows it may eventually succeed, but a few crashes are destined to happen as well and we don’t have to go that far; the potential crash of 2019 and 2020 will suffice”.
These were the mixed comments of various experts when investigated upon the next few predictions regarding bitcoin. Let us dive into various assumptions which corroborate with this theory:
There are many ways you can take on the crypto market; you may take long positions with hopes of raising hundreds in weeks or months, or you may take the day trading path.
So, now we’re taking an approach to day trading using the 5-minute charts.
In this article, I'm going to show you a way how to make your trades safer without having to rely on any indicator - but you will just need to look at the charts!
There are people who simply weren’t born for long-term trading. There are many traders who rather take smaller trades with the advantage of frequency, thanks to benefits like smaller losses, no overnight fees, and let’s face it, more fun.
So, if you’re looking for ways to make your day trading more successful, then don’t be afraid. We will show you some ways you can enter trades with this timeframe and provide you with examples on how to carry them out.
Day trading is a style of trading and not a specific strategy in itself. Day traders prefer the ability to open a larger number of smaller trades instead of opening one trade and holding it for a longer-term.
1. Best Indicators For Trading the 15m Timeframe
The best indicators for this 15-minute chart strategy are the EMA, MACD, and Parabolic SAR.
The EMA lets you spot trends easier, and you can get good information if you use for example a combination of two different moving averages. The MACD offers a similar function, but it’s better for confirming trend strength. On the other hand, the Parabolic SAR lets you gauge short-term momentum and provides good stop signals when coupled with the rest.
Why do I like the 6 Hour chart? Not many use it. Most traders use standard time charts, so using less common parameters for your trading can place you ahead of the pack thanks to how to using unique information to make trades.
Note: Using custom time frames is something that you might not be able to do on your current broker, so make sure that’s available if you want to use it. If your broker doesn’t support this feature, then you may want to start looking for another one for the long term.
1. Trading The 6 Hour BTC Chart Without Indicators
As I’ve stated previously, price action is a very powerful and versatile indicator in its own right.
That’s because all other tools are really just ways to simplify the information provided by price action and are derived from price action. Hence, elite traders rarely use indicators and they can obtain all the information they need just by looking at the candlesticks alone!
So, let’s see how I traded this 6H chart just by using price action:
A few words about Bitcoin mining and the core of this strategy
You all surely know that Bitcoin hasn't appeared out of thin air and that new Bitcoins are created by mining. The mining process consists of algorithms that are solving hard mathematical formulas and trying various mathematical combinations. The successful attempts of these algorithms create new Bitcoins.
Mining is an interesting business field with already a lot of involved participants and institutions. But, we are not going to go into it in this article. Instead, here we are now going to dive into the insider information and the core of this strategy.
The mining process becomes increasingly harder over time as more and more Bitcoins are extracted. And because of this the mining process also becomes more expensive due to the energy needed to run the computer machines as well as other costs involved.
This made its fans millionaires or even billionaires.
Let us now have a few highlights of the important maximum and minimum prices of bitcoin following the years of its succession.
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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