Thank you @yohan2on for the lesson and Home Work Task. Below are the attempts:

Swing trading

Swing trading in cryptocurrency is a trading strategy that utilize technical analysis in order to seize momentous price movements over a short period of time but longer than a day, sometimes it can be week or month. Traders who use swing trade method hold on to their coin for a certain period of time, they use fundamental analysis and technical analysis to calculate the amount of gain that is likely to occur during in a timeframe and also use the strategy to cut short their losses. Swing trading requires adequate knowledge, leverage and information about the cryptocurrency market.

Trading plan using swing trading

Swing traders finds the right cryptocurrency, there are hundreds of cryptocurrency in circulation and they worth and price movement of each of them varies, the traders relies on information or scanner to find the correct coin to use. While watching for the correct coin to use, the trader watch out for bear and bull market and also latest news about the particular coin the trader is trading on.

I will be using the MACD crossover to explain my trading.

Macd is a very popular strategy in cryptocurrency trading and it is widely used because it is easy to know the market direction of a coin.
In macd, there are the signal lines and macd line if the macd line crosses above the signal line there is bull chart and if it below the signal line then there is a bearish chart.

This analysis let us known about the best entry and exits points within a period of time, it shows how strong the price movement is.you patiently study the charts to check for the entry time which is when the price is cheaper or is likely to increase within a timeframe and the exit period is the time you sell your coin because there's chance the cryptocurrency price decreases.

The image below is btcusdt chart and it macd.

Crypto asset pair

Trading pairs are referred to as the cryptocurrency been traded for each other for example btc/usdt, eth/BTC , LTC/ADA , etc.

Trader exchange their coin or cash for another coin. For example, let say you have dogecoin with you and you want to obtain Tether, you'll use a cryptocurrency exchange network like binance to perform this trade so we have doge/usdt pair. When dogecoin rises by 5% and usdt value doesn't change , then the dogecoin can buy 5% more tether. Base on this, the amount of dogecoin in your wallet didn't increase but the monetary value of the dogecoin increased more than that of the tether and that's how you can be able to buy more tether. If 1 dogecoin equals 1 tether before, then if there is a 100% increase in dogecoin that means you can buy 2 tether with your 1 dogecoin.

Although pair trading looks profitable but there are some risk associated with it as traders can make great loss if assets are traded wrongly. For example, the monetary value of dogecoin might fall against the value of tether, like the coin you brought #1000 and you traded it for another coin and got #200. This is mostly associated with inexperienced traders or errors in indicators.

Entry and exit strategy

Entry and exit point is very important in profitable cryptocurrency and also the use of technical analysis, other indicators is very vital to determine the entry and exist.

Entry point is the time to invest in a cryptocurrency, the cryptocurrency market is very volatile so it is very easy to make gains and losses. If you have the neccessary tools like technical analysis and other indicators to study the volatility the cryptocurrency so as to determine when to buy or invest in and some traders likes to put little resources into the cryptocurrency at first so as to test the volatility and reduce risk while some might just put all resources although greater gain and risk is associated with this. example, base on the analysis of dogecoin, this is the best time to invest due to the fall in price or current undervaluation, in the next few months base on the news circulating, dogecoin will become the native currency of Mars and this will make the price of dogecoin go higher.

Exit point is the time to liquidate an asset that is sell all your cryptocurrency, analysis and indicators shows the likely rise and fall in cryptocurrency so when there is likely to be a great fall than the trader can bear, the trader can just exist the market.

Multiple time analysis

Multiple time analysis in cryptocurrency means monitoring the same cryptocurrency pair across different timeframe, it might be shorter timeframe or the longer time frame. The longer timeframe analysis is used to know the trend of the cryptocurrency, is it upward or downward trend ? While the short timeframe is used most to identify the best entry time.

Each trader uses the multi time analysis to understand the best time to trade, day traders use the 15 minute entry time and the 1hour chart frame mostly while the swing trades used thr 1hr entry time and 4hour chart frame.

Other indicators

Bollinger bands,indicates whether the market has a high or low volatility or if there is overbought/oversold situations and it is very suitable for short term trading. It is made up of a upper band, a moving average line and a lower band.

Whenever the price goes past the moving average and upper band then there is overbought and it if it goes lower than the moving average and lower band then there is oversold.

Trade management

Trade management in cryptocurrency is very important and I'll be explain using binance app. Binance use the One cancels other feature, there is profit taking order and stop order. A trader set the fixed value that he will like to sell his coin automatically when it reaches the value or set a stop loss to reduce the rate of loss, this feature automatically sell the cryptocurrency when it reaches the minimum price set.

Thank you for reading my post.

Cc: @steemcurator02