What are the popular cryptocurrency trading strategies recommended for Malu Trevejo Telegram users?

3 answers

• Dec 20, 2021 · 3 years ago
  One popular cryptocurrency trading strategy is trend following. This strategy involves analyzing the price trends of different cryptocurrencies and making trades based on the direction of the trend. Traders who follow this strategy aim to buy when the price is trending upwards and sell when the price is trending downwards. It is important to use technical analysis tools and indicators to identify trends and confirm their strength before making trading decisions. Trend following can be a profitable strategy, but it requires discipline and patience to wait for the right opportunities.
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• Dec 20, 2021 · 3 years ago
  Another popular strategy is swing trading. This strategy involves taking advantage of short-term price fluctuations in the cryptocurrency market. Swing traders aim to buy low and sell high within a relatively short period of time, usually a few days to a few weeks. They look for price patterns and indicators that suggest a potential reversal or continuation of a trend. Swing trading requires active monitoring of the market and quick decision-making. It can be a profitable strategy for experienced traders who can accurately identify entry and exit points.
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• Dec 20, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends a strategy called dollar-cost averaging. This strategy involves investing a fixed amount of money in cryptocurrencies at regular intervals, regardless of the price. By buying cryptocurrencies consistently over time, regardless of short-term price fluctuations, investors can reduce the impact of market volatility and potentially benefit from the long-term growth of the cryptocurrency market. Dollar-cost averaging is a passive investment strategy that is suitable for investors who believe in the long-term potential of cryptocurrencies and are not concerned with short-term price movements.
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