How to Day Trade Crypto

How do I get into Cryptocurrencies?

Cryptocurrency is a decentralized digital currency. It cannot be controlled by any single financial institute or country. Cryptocurrency can be exchanged online for goods and services. It is managed by a private encrypted database, known as blockchains.

Most Popular Cryptocurrencies.

As the cryptocurrency market getting mature, many digital currencies introduced in the crypto world. According to, there are more than 10,000 different cryptocurrencies are traded publicly in the market. But following are the most popular cryptocurrencies.

· Bitcoin (BTC)

· Ethereum (ETH)

· Litecoin (LTC)

· Tether (USDT)

· Binance Coin (BNB)

How to Invest in Cryptocurrency.

Cryptocurrency can be purchased through the following investing Apps and many more.

· Robinhood

· Coinbase

· Kraken

· Binance

I personally use Binance exchange for cryptocurrency trading and I found it has good functions for traders. But I do not recommend you specially this one. You can choose according to your criteria.

None of these types of trading are limited to buying. With certain types of instruments, the trader can also short (or short-sell) the stock. This means that profits can be made in both rising and falling markets.

When choosing a trading type to suit your needs, here are some questions to ask:

    • Am I short-term- or long-term-orientated?

    • How much time do I have during the day to trade?

    • Do I work full-time?

    • Am I patient, or do I need to see results quickly?

How can I make money trading today?

Crypto Trading Strategies

The cryptocurrency market is a highly volatile market. The investment in crypto without a plan or strategy can often lead to a loss of invested capital. There are some simple and well-known trading strategies that real-time work in a crypto market.

Golden Cross/ Death Cross trading strategy

The golden cross trading strategy is a combined use of two moving averages. According to this strategy, traders are looking for crossovers between the 50 MA (last 50 days’ price average) and 200 MA (last 200 days’ price average) over daily and weekly chart frames.

There are two types of crossovers.

  1. Golden Cross.

When the 50 MA crosses above the 200 MA.

It means that short-term momentum is exceeding long-term momentum, which is a clear buy signal. And the above diagram shows the Golden cross in the weekly chart with a clear buy move of the market. Redline with breaks represents the 200 MA and the yellow line represents the 50 MA.

2. Death Cross

When the 50 MA crosses below the 200 MA.

It means that short-term momentum is falling compared to the long-term momentum, which is a clear sell signal.

More Trading Strategies

RSI with Bollinger Band Crypto Trading Strategy.

The Relative Strength Index (RSI) is a simple and most useful trading strategy. It can be used to highlight the overbought or oversold situation of an asset. When this strategy alone can be used for decision-making, sometimes it can give false results. For better decision making you must be used this strategy with a Bollinger band. When both indicators give the same direction then there is a maximum chance of profit.

The combination of Bollinger Band and RSI will give you accurate entry point specially for day trading. It also works on longer time frames.

Automating Trading (Outside the 4 Types) - Advantages and Process

The present day witnesses a technological boom which determines many changes at all the levels of human knowledge and being. Trading has not been left untouched. Everybody trades in one way or another. It has become a must for survival. You can cope with modern world only if you are open-minded, efficient and hard-working.

People trade all sorts of things, sometimes not even realizing they are actually involved in such an activity. The best example is Forex trading. Individuals often trade currencies, although they don't think of it as such. If they were aware, they would know that they can make serious money of it. And it has become so accessible.

What used to be the exclusivist area of corporations is now at hand for almost everyone, especially with the increasing use of the Internet. All over the world people trade on line. They may as well Forex trade on line, no matter whether rich or not, provided that they are connected to the Internet. This kind of business requires quite simple things, such a secured system which is used to produce signals.

What do I have to do?

  • First before finding signals, research and learn everything you need to know to understand what your putting your money into. Make sure you have an idea of how to draw on a graph and make a bullish (up) or bearish (down) prediction. See more here.

  • To get these signals it is vital for you to have the right system, that particular software which was conceived for the purpose of Forex trading. You can find many systems on the Internet, but we have found one that has worked amazingly:

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These automatically generated signals can provide you with the so long wished for opportunity to hit the currency market. You can get them from any kind of media, be it television, newspapers, internet forums. However, there is a risk that the signals you get are sometimes distorted. To avoid it, you must be able to choose balanced unprejudiced automatic signals.

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