Trading101 | Crypto Profit Bot

This classic trading pattern signaled that Bitcoin price had hit a top

July 25, 2021

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Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it […]

Here’s one way to trade Bitcoin even as BTC price teeters over an abyss

July 18, 2021

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In the last 29 days, Bitcoin (BTC) has been ranging from $31,000 to $36,000 as the impact of the recent China ban and a $1.4 billion Grayscale GBTC share unlocking continue to pressure markets. China’s government implemented a series of measures to curb cryptocurrency mining and trading by ordering the immediate shut down of some […]

Here’s 2 ways clever pro traders spot crypto and stock price reversals

July 16, 2021

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Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed […]

Is Bitcoin overbought or oversold? Use Bollinger Bands to find out!

July 8, 2021

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Trading is neither an exact science nor art. It is a mixture of both. There are scores of publicly available indicators and each claims to be the best. However, none of them are perfect or designed to be used in isolation. One of the more popular indicators widely used by several traders is Bollinger Bands, […]

Altcoin Roundup: Smart investors don’t just buy dips, they dollar-cost average

July 2, 2021

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Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows. While the periods of low trading volume and […]

4 ways investors use support and resistance levels to make better trades

June 28, 2021

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Trading should just be a simple process of buying low and selling high but for many investors the process is more akin to rocket science. One of the most basic and easy-to-understand strategies that can help accomplish this is to identify an asset’s support and resistance levels. Once traders can spot the support and resistance […]

Here’s how Bitcoin’s impending death cross could be a contrarian buy signal

June 13, 2021

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Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to the “Death Cross” pattern that, at the time of writing, is on the verge […]

Unsure about buying the dip? This key trading indicator makes it easier

June 6, 2021

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When an asset enters a bear phase and the headlines are negative, analysts project further downside, and the sentiment shifts from optimism to pure gloom and doom. This results in panic gripped traders dumping their positions near the bottom of the downtrend instead of buying. How can traders go against the herd and build the […]

3 things every crypto trader should know about derivatives exchanges

April 24, 2021

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In the past two years futures contracts have become widely popular among cryptocurrency traders and this became more evident as the total open interest on derivatives more than doubled in three months. Additional proof of their popularity came as futures turnover surpassed gold, which is a well-established market with $107 billion in daily volume. However, […]

This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk

February 27, 2021

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Historical data shows that it is nearly impossible to consistently predict Bitcoin’s price action and many traders that attempt this end up losing money. Now that Bitcoin trades near $50,000, the ultimate goal for most traders is to hold on to their current holdings and incrementally add to them in a way that is not […]

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Category: Trading101