3 Bitcoin Trading Strategies You Need to Know
Bitcoin trading is something that is very popular now. Although bitcoin had dropped until the end of last year, many people are still optimistic that the value of bitcoin will rise again in 2020.
Although its development at the beginning of this year was quite slow, it seems that the prediction is not an unfounded prediction. Because, this year many countries began to make regulations about crypto currencies and blockchain-based fintech startups began to appear. Do you intend to invest in and learn bitcoin trading? Eits, first read the following 3 strategies.
1. Trading Technical Analysis
This one trade is perfect for you who want to trade in a short period of time. You need to know when bitcoin is going up and the right time to sell bitcoin.
You could say this strategy is the easiest strategy, because you only need to look at the bitcoin chart to determine the steps you will take next. In addition, all data is also available, including current prices and history that can help you predict future values.
2. Pips Trading
This one strategy is not a new strategy, because it has been used in stock trading before. Pips itself stands for Price Interest Point which then gets the suffix s because it's plural. Trading is done by opening several positions or pips in one trade.
When trading in this way, you must use the same analytical tools as in the previous strategy. This strategy offers a sizeable profit for traders.
3. Hodl Strategy
Compared to the previous two strategies, you could say this one is the easiest strategy because it doesn't require any skill or experience. All you need in this strategy is money and patience.
This strategy is suitable for you who plan to invest in bitcoin in the long run. In a way, this strategy is the safest strategy compared to other strategies.
Well, those are the 3 bitcoin trading strategies you need to know. Which one do you want to try?
