How to make exuberant profits in Crypto Market

How to make exuberant profits in Crypto Market

By Mabla | nick07 | 4 Jun 2020


The crypto market is one of the markets difficult to trade if you don't have the concept. The first thing you should find about yourself before investing in it is to find out if you are a HODLER or a day trader.

HODLers

Those are the types of traders who buy crypto coins at lower prices with the intention of holding them for so long and then sell them later when the price is higher so that they can realize their profits. This usually happens when people invest in ICOs or buy coins that has a lower price and expect to sell it later.

They focus on higher time frames like monthly chart, weekly and daily chart, they intend to make money in the long-run and somehow become millionaires.

Day Traders

These type of traders don't stay in the market for so long, they just get in and get out. Mostly their positions are opened and closed on the same day. They trade mainly focusing on lower time frames such as the 1hr chart and 4hr chart. They want to sow and harvest in a short space of time.

Volatility Markets

These are markets which move by certain percentages on daily basis e.g. 1%. Those markets are associated with unstable coins. In these markets there is so much liquidity since more transactions are conducted on daily basis and this is were all the money is made.

154a564767e91c0bb21fc6e4c008cb3ba450c03af2baf96626b3e8b7c90bfdba.jpeg

So how do day traders benefit from this market? - Since it is a volatile market, there is so much pumping and dumping of coins. When the coins are being pumped you hold your coins and then when the uptrend is exhausted wait for the dumping phase and sell and collect your profits. Register on any exchange and study how the investors operate you will see what i mean and take advantage of it.

How do you rate this article?

7


Mabla
Mabla

I most the definite


nick07
nick07

The Path-Finder

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.