A. I am a huge fan of indicator-based strategies and it is important to understand the different types of indicators available to traders. Traders can choose a more conservative approach with a few standard moving averages, MACD or RSI. A recent favorite among some traders is the cryptocurrency volume by day as this indicates closing momentum for most exchanges across major pairs. It’s important to note, however, that volume only tells part of the story as there are many factors at play on any given exchange during trading hours such as price slippage, market depth levels and arbitrage opportunities/opportunities that may negate volume. Theoretically I have seen over 80% correlation between trading volume and price fluctuations solely based on days with either high or low trading volume by a given exchange compared to other days within a period. Personally I use this tool daily but would not recommend it for new traders or those looking to trade from long positions without swing trading experience because it does have some inherent issues which we will touch upon later in this report so zero balance transfers are advised when using this tool!
Q4 – How you’ll make money from crypto currencies?
A1 – Cryptocurrencies fall into 3 categories: “HODL” (hold until death), “SELLING” (sell after death) and “DIVIDEND ADDS” (dividends paid in cryptocurrencies). For example: If you had 1000 €