Jan 23, · How Beginners Can Make Money With Bitcoin Trading It’s very easy to get started with bitcoin trading. You can either deposit money to an exchange and trade it there, or you can sign up with a regulated cryptocurrency broker and discover the huge variety of bitcoin trading options. Apr 02, · If you want to make serious money with Bitcoin, then Day-trading the cryptocurrency markets are bar far the superior option. The cryptocurrency market operates almost in the same manner as the forex and stock markets. Apr 14, · While long term traders prefer to hold their bitcoin positions for extended periods of time, day traders have discovered that Bitcoin is lucrative for many reasons: Crypto trading is more volatile than stock trading. Bitcoin is traded 24 hours per day 7 days a week. Bitcoin /5(48).
How to make money from trading bitcoinThe Best Bitcoin Trading Strategy - 5 Easy Steps to Profit
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By Popular Demand… Introducing J. Could you be one of them? Learn how we became the world's most profitable soccer betting team since You can also join our Telegram channel here! Share this: WhatsApp Telegram. If you followed our cryptocurrency trading strategy guidelines, your chart should look the same as in the figure above. Simply put, we are going to look after price divergence between Bitcoin price and Ethereum.
Smart money divergence happens when one cryptocurrency fails to confirm the action of the other cryptocurrency. For example, if Ethereum price breaks above an important resistance or a swing high and Bitcoin fails to do the same, we have smart money divergence.
And the Ethereum trading strategy as well. In the above figure, we can notice that Bitcoin's price fails to break above resistance while Ethereum's price broke above and made a new high. This is the first sign that the best Bitcoin trading strategy is about to signal a trade. The same principles have been true for all the other major asset classes for decades. Before buying, we need confirmation from the OBV indicator. This brings us to the next step of the best Bitcoin trading strategy.
If Bitcoin is lagging behind the Ethereum price it means that sooner or later Bitcoin should follow Ethereum and break above the resistance. Simply put, the OBV is a remarkable technical indicator. It can show us if the real money is really buying Bitcoin or if they are selling. What we want to see when Bitcoin is failing to break above a resistance level or a swing high, and the Ethereum already broke, is for the OBV to increase in the direction of the trend.
We also want it to move beyond the level it was when Bitcoin was trading previously at this resistance level see figure below. Here is how to identify the right swing to boost your profit. Now, all it remains for us to do is to place our buy limit order, which brings us to the next step of the best Bitcoin trading strategy.
Once the OBV indicator gives us the green signal, all we have to do is to place a buy limit order. Place the order at the resistance level in anticipation of the possible breakout. After all, we told you the OBV is an amazing indicator. Now, all we need to establish is where to place our protective stop loss and when to take profits for the best Bitcoin trading strategy.
Placing the stop loss below the breakout candle is a smart way to trade. When it comes to our take profit, usually an OBV reading above , is an extreme reading that signals at least a pause in the trend. This is where we want to take profits. In the figure below, you can see an actual SELL trade example, using the best Bitcoin trading strategy.
While bitcoin day trading does have some risks, there are many ways these risks can be reduced. Here are some of the top ways to enhance your Bitcoin trading strategy. Maybe one day our fiat money system will go under and be completely replaced by cryptocurrencies. However, as long as there are still profits to be made from Forex currency trading we encourage you to read our receipt for Forex trading success: How to Make Money Trading — 2 Keys to Success.
We hope that The Best Bitcoin Trading Strategy — has shed some light on how you can use the same technical analysis tools that you use for trading the Forex currency market to now trade the cryptocurrencies. Ready to get started? Tap here now to get the E-Book Completely Free! Please Share this Trading Strategy Below and keep it for your own personal use! Thanks, Traders! We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more.
Our mission is to address the lack of good information for market traders and to simplify trading education by giving readers a detailed plan with step-by-step rules to follow. We want to share with you some important information about Trading Strategy Guides as we move forward to our goal to help 1,, Traders find a strategy that suites them best.
We want you to fully understand who we are as a Trading Educational Website We will send out many free trading strategies for you to learn and apply to your trading system right away Our team gathers a vast amount of information and comes up with some of the simplest and easiest trading strategies to follow each week.
We are highly motivated to do this for you because we love helping people succeed who are serious about trading. Our Goals. The crypto Market is the highest market now. You can be part of the people who are earning a living through trading cryptos. With just half a bitcoin, you can make up to 3 bitcoins in a week. Contact me via kramerp04 gmail. If you want to buy more bitcoins up to 0. Forex Trading for Beginners. Shooting Star Candle Strategy.
Swing Trading Strategies That Work. Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. Info tradingstrategyguides. Facebook Twitter Youtube Instagram. How to Start Trading Bitcoin: The first thing you need to get started trading bitcoin is to open a bitcoin wallet. Available in the United States, Canada, and the majority of countries in Europe. Offers several payment options. Binance is the second-largest exchange that trades over different currencies.
Has low transaction fees 0. Bitmex is the third-largest exchange and only trades BTC. Great for short selling and margin trades. Last Updated on January 27, Imagine if instead of having to buy Bitcoin, you could easily make money with Bitcoin. We purposefully omitted Bitcoin business ideas that require a high upfront investment, because we believe that you will be more interested in ways to make money with Bitcoin without any high initial costs, or even ways to earn Bitcoin for free.
The simplest and often most effective way to make money with Bitcoin is to create merchandise related to the cryptocurrency and to sell it either on online marketplaces or on your own website. There are countless products that fit into this category that you can easily create. Now, your concern may be: How can I create this Bitcoin merchandise without having to make a significant upfront investment?
Furthermore, most of these sites will also be happy to handle shipping for you, which addresses another potential worry you may have. Individuals that can write about Bitcoin are in high demand, and since there are so few candidates, the pay for this job is very significant in most cases. Usually, Bitcoin articles that are more complex in nature will pay significantly better than simple review-type articles.
In order to earn as much Bitcoin as possible as a writer, you need to work hard on improving your writing skills. Bitcoin mining is often described as one of the best ways to make money with Bitcoin because of how profitable it is. There are countless people in countries with cheap electricity running miners from their home, the only two costs involved are the mining hardware and the electricity cost.
That being said, there is an alternative to professional Bitcoin mining. The latter is an even more novel concept that utilizes your PC or even smartphone as a Bitcoin miner in order to make money. If you enjoy marketing and sales, or if you already have an existing avenue by which you could promote products then affiliate marketing might be the right fit for you. Affiliate marketing essentially consists in promoting the products of a company and earning a commission every time you make a sale.
This link tracks every click and also knows when a click resulted in a sale. So the goal is to get the link in front of as many people as possible that might be interested in buying the product or service that you are promoting. Here are some potential platforms by which you can promote your referral link:. Affiliate links can be a very profitable way to earn bitcoins online, and even better, the cost to start promoting these links is usually zero. So if you own a medium by which you could promote affiliate links, or if you are planning to create one, then you should definitely give affiliate marketing a try.
There are countless Bitcoin-related products out there. Some of the most popular ones include cryptocurrency exchanges, bitcoin wallets, bitcoin hardware wallets, Bitcoin mining equipment, and Bitcoin merchandise. The vast offering available in the market can often make it hard for consumers to decide which product they should purchase.
This is where review sites step in. Bitcoin product review sites are essentially focused on analyzing a certain product line, and helping potential buyers in their decision to make a purchase.
This is also one of our revenue streams at CoinDiligent. These sites can be structured in the form on a simple static content website or a blog, and there are countless ways to monetize them.
Two of the most popular ways to monetize a review site are through affiliate links and through advertisements. In the case of an affiliate link based business model, you would earn Bitcoin every time somebody buys a product after clicking on your referral link.
If you are interested in making money with Bitcoin, then chances are that you are planning to invest in cryptocurrencies or just Bitcoin, or that you have already invested. Many people first found out about Bitcoin after hearing some of the mind-blowing success stories of people that invested just pennies a few years back, and whose Bitcoins are now worth a fortune.
This is the power of Bitcoin long-term investing. In long-term Bitcoin investing the goal is to accumulate as many Bitcoins as possible at a cheap price, with the goal in mind to potentially sell some of them after the BTC price increased dramatically after a few years. Most newcomers to the space choose to buy their first Bitcoins on a cryptocurrency exchange for beginners like Coinbase since these platforms make it incredibly easy to get started.
More elaborate investors sometimes use Kraken or Bitstamp, since the fees are slightly lower. Long-term investing is a fairly simple strategy to make money with Bitcoin since it does not require you to actively manage your Bitcoins and you can just leave them sitting in a wallet for years.
That being said, in order to maximize the returns with this strategy, it is crucial to stay up to date with news and events that could drastically impact the value of Bitcoin. It is totally possible to make money trading Bitcoin. In fact, fortunes are made every day by Bitcoin traders that truly know their game. However, with great opportunity comes great risk, and that is something Bitcoin traders need to be aware of.
There are three main ways to earn Bitcoins by trading: swing trading, range trading, and momentum trading. In trend trading, traders aim to identify if Bitcoin is currently trending upwards or if it is trending downwards. Although there are countless ways in which traders identify trends in Bitcoin prices, the simplest way is to simply have a look at the candle and 50 candle moving averages.
The strategy is rather simple. You simply plot the days moving average and the 50 days moving average on the same chart and look which moving average is currently on top. When you look at the Bitcoin price, you will often see that the price seems to be moving in a range on certain time intervals.
Range traders make the assumption that ranges are strong enough to support price movement for the foreseeable future, and therefore buy at the bottom of the range and sell at the top of the range for a profit.
In momentum trading, Bitcoin traders make the assumption that if the price makes a strong move in one direction, it will likely continue moving in that direction for a while.
Momentum traders usually make use of indicators like the RSI, or just trends in the Bitcoin trading volume. On the above image we can see how the price and trading volume of Bitcoin were increasing, so a trader would enter a trade assuming that it will continue moving in an uptrend of a little while more.