I will follow two types of trading strategies: technical, and fundamental.
Venzen Khaosan made the observation, in 2014: " This up-sloping support line can be interpreted as Bitcoin’s minimum growth trajectory. It is currently at $120 which means it has doubled since a year ago, and this doubling continues at an annual pace according to the support floor’s present inclination..."
Finding reliable trading sites is the main problem. One should be aware that exchanges crash regularly taking all your coins. This is a factor of Exchange Rot.
1. Never sell at a loss.
2. Never chase a rally.
3. If I find myself wondering if I have understood the nature of the market properly, that it is a sign this market is Too Good to be True (TGTBT). This is often a red flag that needs further investigation!
Due to the explosive nature of price rises, automatic selling is more of a priority than automatic buying. Basically, once a coin has entered the Fourth Quadrant, I should start booking sales on exchanges.
If I make three profitable trades from the one rally, my strategy will change. From this point on, I need to have at two potential sales pending, before executing a trade.
If I continue to make another three profitable trades from the same rally, I will need to have at least three potential trades pending, before executing a trade.
That said, if I fail to make a successful trade within two months of the activation of this change, I can assume that the rally is losing steam. Thus, my strategy will revert to the default mode.
CASCASING SELL ORDERS1. 10%.
Here is a table showing the 10 grades of sell opportunities, for all types of cryptocurrency:
TOTAL POTENTIAL GAIN: 896%.
Here is a table showing the 10 grades of buy opportunities, for Bitcoin:
1. -10% (GAIN: 11%.)
2. -20% (GAIN: 25%.)
3. -30% (GAIN: 42%.)
4. -40% (GAIN: 66%.)
5. -50% (GAIN: 100%.)
6. -60% (GAIN: 150%.)
7. -70% (GAIN: 233%.)
8. -80% (GAIN: 400%.)
9. -90% (GAIN: 900%.)
TOTAL POTENTIAL GAIN: 192.7%.
» Trade Analytics
» Bter: Bitcoin and Crypto-currency Exchange Platform
» Crypto Compare
» CryptOTC: More Obscure Coins, Like AuroraCoin, SolarCoin, and PotCoin
» Cryptsy: Trade Over 60 Kinds of Cryptocurrencies
» Trading View