At the beginning of the year, Bitcoin opened with a price point of $3,782.44. This wasn't surprising since it hovered around this figure for most of 2018. The first major peak came on February 23rd when Bitcoin surpassed $4,000. However, this didn't seem significant compared to the prices that BTC has recorded in the past. By April, BTC began its climb to $5,000, reaching new levels of support and resistance.May brought significant gains as well, seeing the asset climb from just over $5,000 to more than $8,000. June brought the mother of bull runs this year, sending Bitcoin well over $10,000 and reaching its yearly peak of $12,722 on June 27th. In total, Bitcoin saw a gain of 236% since January 1st and is currently trading at $10,687 per Bitcoin.
Trading Strategies. Day Trading and Scalping: Short-Term Trade / Intra-Day Trade. Short-Term Support / Resistance Reversal Strategies. Short-Term Volatility Breakout Strategies.
Trading forex and trading cryptocurrency isn’t en either/or option. Many traders like to do both simultaneously or switch back and forth as market conditions make one or the other more conducive to the kind of trading they enjoy. At the same time, there are those who would argue that the differences between cryptocurrencies and those traded on the foreign exchange markets are so great that you might as well compare trading in gold and buying and selling stocks and shares in tech companies.
The best time to trade currencies is when the market is stable. But, because profit margins aren’t as huge, it’s not attractive to many. A lot of money can be made during periods of high volatility through leverage. But that requires incredible skill and knowledge; two things a newbie trader doesn’t have. As a result, they expose themselves to key risks like:
We just had a quite interesting question from a user named Jacob: I noticed in your list it’s stated to never buy a cryptocurrency after a dump… but shouldn’t we be looking for low entries? After the dump I will watch the coin/market for a while to see how low it will get (for fib maybe back down to 23% or so) and then try to buy it there, thinking it will test the higher fib points in the future again. Is this such a bad strategy? Thanks! I was talking about pump-dump coins, and not if for example a… Read more »
Airdrops are essentially free coins that are sent to your wallet by projects that want to build a community. You will notice that often these coins are sent to your wallet without you having to do anything. However, in order to find the most lucrative airdrops, you will have to do some research and participate manually. An excellent place to get started is the popular site Airdrop Alert. TOP 5 ALTCOINS ON ETHEREUM READY TO EXPLODE IN 2020 - (Best Crypto Investments?)