Understanding Resistance and Support in Crypto Trading

A crypto trading strategy helps a person perform a specific task with the proper market and technical analysis.

If you’re someone who is thinking of being a crypto trader, we believe this post should be on top of your read list.It is not hidden from anyone that during January 2018, when the price of Bitcoin crashed, most people suffered huge losses.

And yes, as we promised, we are going to share with you 7 Basic but Very Essential Crypto Trading Strategies, which might help you to become a millionaire one day.

However, before moving to these strategies, let us first discuss some tips which everyone must know before being a crypto trader.Tips every beginner crypto trader must know Know the Market First: The Crypto community is usually volatile in nature, and that’s why it is essential to understand the crypto market first, and then start executing your crypto trading strategies.

Because the price of crypto fluctuates a bit too much than its other counterparts, but these could help you minimize the losses and maximize your profits.7 Crypto Trading Strategies to Go from Broke to Rich1 Trend Trading StrategyA remarkable crypto trading strategy for the people who believe in their intuitions.

As the name suggests, this strategy emphasizes following the trend, i.e., to trade with the trend.

However, a technique existed long before crypto that transitions extremely well to these modern digital assets.What is Crypto Arbitrage?Cryptocurrency arbitrage trading is a form of trading that exploits the variations in prices between different markets.

While best known from more traditional markets, arbitrage trading converts incredibly well to the cryptocurrency space, given the mixture of liquidity and accessibility resulting in quite substantial price discrepancies at times.Where are the Best Arbitrage Opportunities?Even with the increased availability of bitcoin and other major cryptocurrencies in recent years resulting in a relatively stable market price across some markets, there are still some very profitable opportunities if you know where to look.Peer-to-peer trading (P2P) is a type of trading that has been active in the cryptocurrency space since the early days of bitcoin.

Every day, traders worldwide are making money with their homegrown trading businesses or side hustles that, at their core, are just a form of arbitrage trading.Even in countries where access to crypto is relatively high, not everyone has the exact needs or preferences, resulting in a massive alternative market for P2P trading.

While some traders opt to go the cash route and trade bitcoin for cash-in-person (sometimes called face-to-face trading), there are typically many other alternatives.The problem with many crypto exchanges is that they only provide access to a very minimal range of deposit options, sometimes just a single one (often bank or wire transfer).

However, in most parts of the world, a range of digital payment methods like PayPal, M-Pesa, Western Union, or even something unexpected like gift cards have high use rates and enable you to trade crypto in these regions on P2P marketplaces for a profit.Premium Payment MethodsYou may have heard someone say something along the lines of "you can't put a price on convenience," and the reality is that you actually can when it comes to crypto trading.One of the other highly profitable methods of arbitrage crypto trading is found in payment methods themselves, and the price people are willing to pay for convenient or necessary access.

Some payment methods are difficult to buy crypto using large centralized exchanges, yet are often preferred by buyers looking to buy crypto fast and are willing to pay extra for the privilege.Suppose you are willing to accept slightly more exotic or in-demand payment methods.

Bitcoin fever is catching up with over 2,500 users who are trading Bitcoin and cryptocurrencies daily.

And the trading volume is rising near to $20 billion per year constantly a new cryptocurrency exchanges are mushrooming with each passing day with the enterances of new traders.In India crypto exchanges that are few and far between (trading aged single malt scotch), there are limited cryptocurrency exchanges which are reliable, regulated for crypto exchanges and that enables trading and exchanging in Bitcoins, other cryptocurrencies and fiat currencies.Even not 1315 cryptocurrencies along with crypto tokens are available for the crypto trading at various cryptocurrency exchanges, but it is crucial to check whether the exchanges trading these cryptocurrencies are regulated or not.As many of bitcoin cryptocurrency enthusiasts looking forward to investing in Bitcoins and other cryptocurrencies, but some of them are unaware of investing cryptocurrencies on various cryptocurrency exchanges before that they need to know their trading fee and other details for cryptocurrency transactions; Our blog efforts to enlist the current active cryptocurrency exchanges across India.Cryptocurrency investors are suggested to check the current cryptocurrency pricing index policy and exchange regulatory parameters in indian cryptocurrency exchange while investing in Bitcoins or other cryptocurrencies.

This is important, as pricing varies as per the indexing policies; some exchanges do follow local demand-supply curve while some, global index.As we taken the survey of cryptocurrency exchanges in india, we have listed some of the useful information below.Total Number of Cryptocurrency Exchange Startups in India - 15Year most of the  crypto exchange in India - 2017Number of funded startups - 4Number of crypto exchanges who aren't charge any transaction fee- 6Registration time taken on crypto exchange - 2 hoursClick Here To Read More->> 11 cryptocurrency exchange websites and their clone scripts

What is TradeMe Crypto Trade Script?TradeMe crypto trade script is actually a great platform for any investment program.

When anyone is starting out with Forex, stock, or cryptocurrency business – monitoring is crucial.

Without properly monitoring your crypto tokens, it will be hard.So, people have to rely on some investment software or a website to do their monitoring.

TradeMe is such a software to ensure you can monitor your crypto business with ease.

This dynamic website is created using Laravel.Thanks for Laravel the website is completely responsive, dynamic, and super-fast.

Your transaction will go smoothly without any sort of problem.

Or perhaps you want to put some Bitcoin aside for your children.

It's stored using something called blockchain technology, essentially a chain of decentralized data blocks.

There are now thousands of cryptocurrencies, but Bitcoin was the first and remains the largest.What are the risks involved in it?If you want to buy Bitcoin safely, you'll need to consider the risks.Cryptocurrency is extremely volatile.

And even though a reputable exchange or brokerage can help protect your investment, you're still going to want to pay attention to how you can safely buy and store your Bitcoin.

I would recommend "Koinbazar", India's leading cryptocurrency exchange where you can buy, sell, and trade cryptocurrencies safe.

Their motto is to provide a user-friendly platform and intuitive experience to users all over the world.

You’re Too afraid to shop for the Bitcoin Bottom

Bottom-picking is one among the foremost profitable plays able to create in mercantilism cryptocurrencies.

once a downtrend lasts for months or perhaps years, suddenly the plus ceases falling below an explicit indicant.

For Bitcoin Global Trade Volume Chart that value was $3,000 throughout the crypto winter last year.

Second, the plus begins mercantilism at an explicit value vary for Associate in a Nursing extended amount of your time.

You’re permitting Your Emotions to Run Wild

You’re Too afraid to shop for the Bitcoin Bottom

Bottom-picking is one among the foremost profitable plays able to create in mercantilism cryptocurrencies.

once a downtrend lasts for months or perhaps years, suddenly the plus ceases falling below an explicit indicant.

For Bitcoin Global Trade Volume Chart that value was $3,000 throughout the crypto winter last year.

Second, the plus begins mercantilism at an explicit value vary for Associate in a Nursing extended amount of your time.

You’re permitting Your Emotions to Run Wild

As a newbie in the cryptocurrency space, it’s normal for you to get confused of the difference between coins and tokens.

In most cases, you’ll see these two terms often used interchangeably in cryptocurrency platforms and blogs.

Asides from being a currency, a crypto coin is a means of exchange as well as a means of saving passively.

Some features common to most crypto coins include;They are primarily decentralized entitiesThey depend on a blockchainThey follow the cryptocurrency graph system.You can use crypto coins in many ways.

In most cases, you can even liken a coin to the regular money you have, as you can use it to pay for items.

Some ways to use crypto coins include;Money TransfereCommerceSavingsToken building (Ethereum)Making network decisions (Dash)What is a Crypto Token?The primary difference between crypto coins and tokens is the blockchain difference.