How To Create A Trading Strategy For Bitcoin (BTC)
How to Create a Bitcoin Trading Strategy (BTC): Beginner’s Guide
Cryptocurrency trade has become increasingly popular in recent years, and millions of investors have been around the world. Bitcoin (BTC), the first and largest cryptocurrency, is one of the most common funds in exchange on -line. Changes and high price fluctuations can be challenging to navigate the market. In this article, we provide a step guide to the Bitcoin negotiation strategy (BTC) for beginners.
Understanding the Bitcoin store
Before creating a negotiation strategy, it is necessary to understand the basics of Bitcoin negotiation. Here are some concepts -chave:
* Market Order : A market order is an order that will fulfill all remaining requests in the order book at the best price.
* Quantity Limit : A border order is an order that will only be implemented if the market price reaches a certain level or selling the current market value.
* STOP LIQUID : The stop interval is an automatic sales order to limit possible losses.
* Background : The percentage back is an automatic purchase order that won at a successful store.
Trading goals and risk capacity Defining **
Before creating a negotiating strategy, you need to determine your goals and risks. Here are some questions from yourself:
- What is my investment goal? (For example, reseller, swing retailer or longtime investor)
- How much can I lose?
- Am I happy with the opportunity to lose at least 10% of my capital in a store?
Selecting your trading platform
There are several on -line trading platforms where you can buy and sell Bitcoin (BTC). Some popular options are:
* Binance : A well -known encryption currency option that provides lever effect, margin trade and friendly interface.
* Coinbase : Popular encryption option for users in the United States that provide a simple and safe platform.
* Kraken : A respectable cryptocurrency exchange with advanced resources such as margin trade and solid trade.
Creating a commercial strategy
The negotiation strategy should include the following components:
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- Position Size
: Calculate the ideal risk of each position to control all risk.
Here is an example of the basic strategy of the Bitcoin store (BTC):
Strategy: “Buy BTC when falling less than $ 30,000” – “Sell BTC when it reaches $ 40,000”
- Set your diagram with trend lines and support levels.
- Enter a purchase order when the price drops below $ 30,000.
- Define a range to $ 35,000 to limit any losses.
- Enter a sales order when the price reaches $ 40,000.
Advanced trade strategies
After defining your basic store strategy, you can improve the results of advanced techniques:
- Technical Analysis : Use indicators such as RSI, Bollinger and MACD to identify higher and higher conditions.
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- Market : Contact your market manufacturer to provide liquidity and reduce risks.
Conclusion
Creating a Bitcoin negotiation strategy requires careful planning, research and implementation. Understanding Bitcoin’s basics, defining your goals and risk tolerance, choosing a reliable platform and creating a basic strategy, you can start building a successful commercial career.