Ok so in my previous article I have introduced EtherDelta and I have explained there why it's the safest exchange right now to trade ETH tokens. So if you haven't read it read it please before continuing:

• https://steemit.com/ethereum/@profitgenerator/etherdelta-decentralized-token-exchange

In this article I am going to talk about a few strategies that work in my opinion, I have made some money there, so I know for sure that it works for me.

Here is the volume chart of today's tokens:

I have calculated and sorted the volume based on the ETH volume, not the token volume, based on the BID price of course. So this means that there is a 20,000 ETH daily volume here just on one coin which is quite a lot given how new and relatively unused this exchange is. It looks like more than 6 million $ turnover / day, which is pretty impressive. And the number of users are growing, we are talking about minimum 2000 users:

• https://twitter.com/etherboost/status/866353235912794113

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Strategies

• https://etherdelta.github.io/#EDG-ETH

I have already mentioned and EDG crash sort of situation which I have highlighted since it's my favorite ETH token:

It looks like the order book is very thin there, so the price can easily crash to 0.00061 for example, if somebody were to place an order there @ 0.00062 price, then maybe somebody would sell into that, and then it can be sold back to @ 0.003 price, it would be an easy 483% ROI profit, just like that.

And I have mentioned Arbitrage opportunities which can frequently happen due to the low liquidity phenomena:

There are also frequent arbitrage opportunities, especially on the PPT market, I have seen some idiot buy like 0.002 ETH higher price on the BID side than on the ASK. I don’t remember exactly but it was something like 0.02485 BID / 0.0225 ASK. So in this case you’d just buy the @ 0.0225 Ask order and sell it back to the sucker who buys it at @ 0.02485 ETH, and easy 10.4% profit, and it was something like 1 ETH size, so that is like 0.104 ETH free money right there, basically 23$ for FREE.

But I kind of think the EDG market won't go down any further, now it might on EtherDelta since people can easily sell into the lower levels there in their confusion, but not on main exchanges where the order book is thick.

So another strategy could be to just buy on dips, since I think this is how the future of the EDG price will look like:

^{source: https://coinmarketcap.com/assets/edgeless}

So who knows putting a buy (BID) order at that dip level, maybe a bit higher, just to make sure. So I would just buy EDG at that 0.363027$ level which would be like 0.00169 EDG/ETH price, perhaps a little bit higher to make sure, so like 0.00175, and then sell that back at 0.0024 , that would be an easy 37% profit that could be repeated at every dip.

Or for example if you are a long term holder like me, I am just going to buy EDG at the dip, and HODL it for a longer time. Maybe 0.005 or 0.007, who knows, I see a lot of potential in this especially after they get their casino license. So the price could skyrocket at any time, I am not comfortable with selling it, but I would buy more at the dips, that is a good strategy for me.

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Disclaimer: The information provided on this page or blog post might be incorrect, inaccurate or incomplete. I am not responsible if you lose money or other valuables using the information on this page or blog post! This page or blog post is not an investment advice, just my opinion and analysis for educational or entertainment purposes.

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Sources:

• https://etherdelta.github.io/#EDG-ETH
• https://coinmarketcap.com/

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