Bitcoin (BTC) Commercial strategies (BTC): Beginner Guide
The cryptocurrency world has become exponent in recent years, and Bitcoin (BTC) is one of the most frequently traded and most respected cryptocurrencies. As a beginner dealer, navigation in the complex landscape of the cryptocurrency markets can be enormous. An effective approach to trading Bitcoin is to focus on price -operating strategies in which technical indicators are used to identify trends, models and potential purchase or sales signals.
What are price operating strategies?
Price action strategies include the analysis of different types of price movements in the table, such as: B. the highest, if, falls and upwards. These movements can indicate the strength of the market and signal the possible trading options. By determining the main level of support and resistance, retailers can make conscious decisions when buying or selling cryptocurrencies.
Bitcoin Trade Price Action Strategy Types
- ** dealers use indicators such as variable average (MA) to identify trends and confirm their condition.
Range Trade 2 **: This approach includes the identification of the trade area, which represents a close range between two support levels or resistance. Buy dealers when the price affects and sells the lower limit of the area when it touches the upper limit.
3 ** Average vice versa: This strategy includes a long -term reduction in price for Bitcoin, provided that its value exceeds the average price above a certain level.
- Trade with pulse : This approach focuses on the identification of short -term trading options based on strong pulse rates such as RSI (relative strength index) or stochastic oscyl.
Bitcoin Trading Main Prize
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variable average (MA) : 50 days and 200 days of MAS delivers long -term trends, during the 20 -day -MA as a shorter concept.
- The relative strength index (RSI) : This indicator measures the price changes over time and ensures that the impulse is simplified.
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Bollinger Stranes : These ligaments reflect the price volatility and can be used to identify possible trading options.
- Stochastic oscillator
: This oscillator measures the difference between the price and its relative strength and gives the dealers an understanding of how much prices are excessively or sold.
Tips for the implementation of price operating strategies in Bitcoin trade
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Concentrate on diagram models : Identify models such as head and shoulder, triangles or wedges that can indicate further price movements.
- Use indicators to confirm your position
: Combine indicators with other diagram tools to confirm possible trading options.
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Be disciplined and patiently : Avoid impulsive decisions based on only short -term prices; Instead, make a long -term perspective.
Follow the latest **: Monitor market news, regulatory updates and economic data that can influence the Bitcoin value.
Diploma
Price strategies offer a solid basis for trading with Bitcoin trade and offer dealers tools to identify trends, models and potential purchase or sales signals. Beginners focus on the main prize and the introduction of these strategies and can increase the likelihood of their successful trading results. If you gain more experience in cryptocurrency markets, you should consider more advanced techniques in your commercial arsenal.
Recommended resources
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Bitcoin Commercial Strategy Manual : This comprehensive guide offers an introduction to Bitcoin trade strategies.
- Trade with technical analysis : This book covers the various technical indicators used for price analysis.
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