Can I invest 500 rupees in Bitcoin? beginners may not have a lot of time devoted to continuing trading, or they want to start, getting used to it slowly. On the daily or weekly timeframe, it only takes a few minutes of your time once a day to follow up on your investments.
Best Bitcoin Trading Strategy 2021, if you are a beginner in the cryptocurrency space, it is wise to be careful when choosing the trading strategy that you will use on your trading journey. The data showed that most traders lose their money in the long term, and the main reason behind that loss is a poor and unrealistic choice of trading strategy. So, in this report, we present the best and simplest cryptocurrency trading strategy.
As a cryptocurrency trader, you can turn most of the odds in your favor by choosing a good trading strategy.
We offer you a gift in this report, the best and simplest trading strategy, effective and easy and does not require you to use only one technical indicator.
Best Bitcoin Trading Strategy 2021
Initially, the strategy best suited to beginners has the following features:
Profitable in the long term, and uncomplicated.
Simple, easy to follow.
Clear rules.
Conservative.
Useful as a learning aid.
Higher timeframes are used.
The fewest possible indicators.
Gives you self-confidence and self-esteem.
Weekly time frame
It is important that the new trader does not suffer large losses, however temporary, as they may destroy him psychologically.
Choosing a timeframe is important, the main reason most beginner traders fail is to encourage them to trade on short timeframes.
Therefore, it is best for beginners to stick with the daily and weekly charts. To find more accurate and low-risk trade entry points.
Best Simple Trading Strategies
They are technical strategies based on the principle of momentum or retracement. It has been proven through academic research that the price movement of liquid financial instruments demonstrates the effect of momentum.
That is, when prices move strongly in one direction, this movement is more likely to continue in the short term than to move in the opposite direction. And that any movement in the same direction is stronger than any movement in the opposite direction.
When we use this momentum feature, we see when prices penetrate and head to new long-term highs or lows, so that we have a better vision that can be used to achieve profit.
You want to make sure that this rule applies only to the most liquid cryptocurrencies, so it's important to check historical performance.
Explain the strategy
You only need the 7-day simple moving average and the 20-day simple moving average.
