The trading strategy used is bollinger bands. (You can create bollinger bands on graphs in poloniex). The strategy is to buy when price touches lower bollinger band and sell when the price is above your bought price and also hits high bollinger band. If the price goes down and again touches lower bollinger band then invest another 25% of total investment assigned for a currency.


Set limit orders for a few dollars under or over recent lows and highs. This can result in you buying or selling before BTC hits resistance. Sure, you can use crazy TA skills to find support and resistance levels, but you can also eye out levels by looking at a chart. 9 times out of 10 you’ll be able to eyeball a general support or resistance level and get close to the level a pro would have charted out (partly because the price has likely stalled on / bounced off those levels before; little parlor trick).
To stress some points made above, realize that a diverse portfolio and investment strategy will eat into gains as often as it staves off losses. The only way to make big profits most of the time is to make risky moves. If you go all in on a single coin at a given price and it goes up, that is a payday. If it goes down, your investable funds are locked into that crypto (unless you want to sell at a loss). Diverse strategies protect against this, but they will also eat into your potential gains (as it is rare for everything to go up or down at once). Know what you are looking for and know how to weight your portfolio to reflect that.

For myself, and most crypto traders, the goal is to increase the amount of Bitcoin we own. I don’t care about the US dollar, at least not directly. When I look at the price of a cryptocurrency, I look at it in terms of BTC. For example, right now the price of 1 ETH (Ethereum) is 0.049 BTC. My trades are based on that price, not the fact that 1 ETH is $304.


Is it possible to place a ‘take profit’ and a ‘stop loss’ command simultaneously? As of the time of writing, excluding some leveraged trading exchanges, such as Bitmex, current trading exchanges do not support the placement of the two commands simultaneously. In a perfect world, we could have set both stop loss for trade and levels of profit taking, lowering the chance of substantially loss. Until that happens, we will settle for what we have – I usually set take profit levels for some part of the position, while setting a stop loss level for the other ones.
I am not your guru. I’m a crypto enthusiast, not a professional trader, and I make plenty of mistakes. There are a huge amount of ‘gurus’ and ‘experts’ out there but the truth is that many of them haven’t got a fucking clue what they are talking about. Opinions in cryptocurrency are like assholes, everybody’s got one. It’s extremely easy to predict the market and hell, everybody seems like an expert, when cryptocurrency is experiencing a bull run.
You might be familiar with traditional investment funds. These are pools of investor capital managed by a team of professional investors. These specialists use a range of strategies, including the ones we’ve talked about, to earn returns on all of the capital within the fund. Investors in the pool benefit from having access to the skills of the professional traders, while the traders benefit from having much more capital to trade with. It’s a win-win.
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Intuitive UX, focuses on the key features for trading, requires an Poloniex account, no fees. Cryptoriot is definitely my top pick for trading cryptocurrencies with my Poloniex account. You just have to fill in your API key from your Poloniex account and you're good to go. Trade all the Alt-Coins you want to with an visual an intuitive interface. You have an overview of your trades. This app really focuses just on trading without the other stuff with is not helpful (talking about candles). Feedback is taken very serious since this is a pretty new app. Try it out, its worth it!
Poloniex was started in the year 2014 and has become a preferred platform for crypto exchange and trading since then. You might want to pay attention to this US based platform as it offers more than a hundred cryptocurrencies to its users for trading. What makes the exchange unique probably the most preferred choice of people like you is that, it holds the highest volume for Ether as it supports both Ethereum and BTC markets independently.
Almost every crypto-list today starts off with the king – Bitcoin! Satoshi Nakamoto created Bitcoin a long time ago, and it was the first cryptocurrency to step blinking into the bright light of the world! Bitcoin has surpassed all expecatations and continues to grow in value and popularity – despite recent setbacks and a lot of FUD from trolls and haters (read: traditional banks) online.  Will Bitcoin continue to increase in value in 2018? Recent trends say: Yes! In my opinion, any cryptocurrency portfolio should hold some Bitcoin.
Update 1st October 2018: The cryptocurrency market has been volatile as ever over the last 6 months. Unless you are a skilled trader, it is harder to make money in a bear market than in a bull market – and we have been in a bear market for some time now. Personally, I have stopped trading and I am now focussing on growing my portfolio passively using a cryptocurrency trading bot – you can find out more about this here.  If you are new to crypto, read on!
Developing a facility with TA takes time, but there are good, free resources available to help beginners get acquainted with the basics. As a place to start, consider checking out the free educational material on BabyPips.com. While the site is focused on forex rather than cryptocurrency, its lessons on TA are relatively applicable to day trading BTC, too.
Bitbuy.ca is a Canadian owned and operated digital currency platform. Originally founded as InstaBT in 2013, the company’s mission is to provide convenient, dependable and secure access to Bitcoin and other digital currencies. Customer service, ease of use, and quick turnaround times for deposits and withdrawals are pillars of this platform. They cater to beginners as well as experienced traders, and are one of Canada’s quickest growing buy/sell platforms. A great choice for users looking to buy and hold crypto, or users looking for a reliable on-ramp to turn their fiat into crypto quickly and easily.
You could try this instead: Be sure to keep reading crypto news and price analyses — not just staring at charts. Even though you shouldn’t give in to the FOMO and FUD generated by many crypto articles, you still need the news in order to stay apprised of market conditions. Also consider setting stop-loss orders to ensure that your losses will be mitigated in the event of something like contagion. 
You could try this instead: You could try to avoid times where you know there’ll be relatively less liquidity in crypto — like nights and weekends — by closing out all of your positions every night and over the weekend. You might also consider maximizing the liquidity to which you have access by trading on a platform that allows you to access many different exchanges at once, rather than trading on only one or two specific exchanges.
Coinbase/GDAX will want more personal information than you’ll feel comfortable giving them; there is no way around this. The more information you give them, ID, Bank account, credit card, etc., the higher your limit and the less restricted your account will be. Don’t let this scare you off from becoming a cryptocurrency investor. Every other exchange user went through this process; you have to also. Since you have to trust someone, Coinbase/GDAX is a good bet.
Need a one-stop shop for all your crypto trading requirements? You can place your bet on Bitfinex (BFX). Bitfinex is a popular cryptocurrency exchange platform that allows you to trade conveniently and effectively. Having its headquarters in Hong Kong, Bitfinex has expanded to a great level since its inception in the year 2012. As a reliable source of cryptocurrency, Bitfinex has its daily trading volumes with a net worth of around USD 1 billion.
The above references an opinion and is for informational purposes only. It is not intended as and does not constitute investment advice, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any cryptocurrency, security, product, service or investment. Seek a duly licensed professional for investment advice. The information provided here or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject SFOX, Inc. or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by SFOX, Inc. or its affiliates to buy or sell any cryptocurrencies, securities, futures, options or other financial instruments or provide any investment advice or service.
LocalBitcoin is a P2P Bitcoin exchange with buyers and sellers in thousands of cities around the world. With LocalBitcoins, you can meet up with people in your local area and buy or sell bitcoins in cash, send money through PayPal, Skrill or Dwolla or arrange to deposit cash at a bank branch. LocalBitcoins only take a commission of 1% from the sellers who set their own exchange rates. To ensure trading is secure, LocalBitcoins takes a number of precautions. To start, the platform rates each trader with a reputation rank and publicly displays past activities. Also, once a trade is requested, the money is held on LocalBitcoins’ escrow service. After the seller confirms the trade is completed the funds are released. If something does happen to go wrong, LocalBitcoins has a support and conflict resolution team to resolve conflicts between buyers and sellers. Check out LocalBitcoins FAQ
This is not a get rich quick scheme. While returns can be good at times, I have seen periods of stagnation, five +30% market dips and a bear market. Whenever you enter the market, it could be on the rise, in a drop or be stagnating. I have also had days and weeks where I have seen a significant decline in my portfolio. I can't predict what the market will do when you enter. Please invest for the long term. This is much more volatile and risky than the stock market.
Bitcoin has had phenomenal growth in its price and MCap since inception. If we exclude other cryptoassets, Bitcoin has been the best performing asset in the world every year since 2009 through to December 2017 with the exception of 2014. It has beaten all global currencies, equities, commodities, bonds, ETFs, real estate throughout that period. Bubbles are by definition short-lived, they do not keep bubbling for eight years.
TIP: The tips and tricks below shouldn’t be mistaken for professional investment advice; instead this is basic friendly advice to mull over. If you want professional investment advice, consult a fiduciary. For a shorter list that zeros in on some key points, see: 5 Tips for New Crypto Traders. See also, how to trade and invest in cryptocurrency and our crypto investing / trading starter kit.

A beginner might prefer to trade cryptocurrency stocks on the stock market (GBTC is a trust that owns Bitcoin and sells shares of it; trading this avoids you having to trade cryptocurrency directly). The main Bitcoin stock here in 2018 is GBTC. Be aware that GBTC trades at a premium (meaning bitcoins are cheaper than buying shares of the GBTC trust), which isn’t ideal. Also, cryptocurrency trading is a 24-hour market, where the traditional stock market is not. Learn more about the GBTC Bitcoin Trust and the related pros and cons before you invest.
All of the different techniques used to track the price of Bitcoin and other currencies have one common factor- they require investors to remain up to date on the latest market movements. In addition to keeping track of the cryptocurrency market, it’s also necessary to buy and sell on an exchange, select a Bitcoin wallet, and make analytical interpretations of the statistical data gathered during market observation.
Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply. Bitcoin and Altcoins have an inverse relationship in their value, i.e. when the value of Bitcoin rises then Altcoins are losing their Bitcoin value, and vice versa. When Bitcoin is volatile, our conditions for trading are kind of foggy. During fog we can’t see much ahead, so it is better to have close targets for our trades or not to trade at all.

Here’s what’s Lisk all about: Most developers today rely on centralized giants, such as Google Play and the AppStore to put up their newly developed apps. These giants take much of the profits and attention from these apps, and Lisk believes all this should be going to the developers themselves. This is where its Javascript-based tech comes in. Lisk is incredibly exciting because it aims to offer a decentralized apps platform, one that actually favors the developers, and therefore gives them the bigger piece of the cake. Lisk was previously Crypti, and after proving itself on a community level, it was forked by Max Kordek and Oliver Beddows into Lisk, in 2016.
The ICON technology (ICX) is incredibly exciting because it aims to harbor the single largest decentralized global network. It aims to provide its users a certain degree of connectivity between countries and cultures around the world that’s currently just not possible or non-existent. This network gives way to businesses and individuals to communicate, transfer, deposit, and in many different ways cooperate with each other in a never seen before way. ICON shows extraordinary potential for the future, but it’s already boasting a large community made of reputable security institutions, banks, hospitals, insurances, universities and institutions in many other sectors. Crucially, ICON is NOT yet tradable in South Korea – when that changes I expect this coin to moon.
What makes the platform appealing is the easy process of opening an account and getting verified. It also provides users with the options of dealing in ample amount of crypto pairs with ultra-security features. Another noteworthy point here is that the platform offers 15+ free & automatically generated digital wallets as well as a variety of payment and withdrawal methods including cards, e-wallets, wire, and crypto-wallets.
Investors need to be more selective with presales and ICOs in 2018. Not only will most ICOs fail but if you’re not getting in during the presale, you’ve already lost. If half the tokens were sold for $1 during the presale, and the ICO price is $3, who wins when the coins hit a major exchange? While you might still turn a profit by buying at the ICO price, those who purchased at presale have a much better risk/reward profile.
We did it! We made it through all the fundamentals needed to start trading cryptocurrency. I think you might agree that each individual concept on it’s own is not terribly complicated. You might even be thinking: “This sounds really easy! I’m going to be a millionaire by Christmas!” It’s great to be ambitious about getting started, but slow your roll. It’s going to take some work to put all of these concepts together, and the only way to do it is to start trading.
To read Part 6 of BTCManager’s ‘A Guide to Trading Cryptocurrency,’ click here. In this trading guide, we will introduce you to a useful concept that can be used for trading, amongst other things. Linear regression is a simple, easy-to-use strategy that can be utilized to identify entry and exit points based on the price action of the cryptocurrency. What…
Comment Policy: We invite readers to respond with questions or comments. Comments may be held for moderation and are subject to approval. Comments are solely the opinions of their authors'. The responses in the comments below are not provided or commissioned by any advertiser. Responses have not been reviewed, approved or otherwise endorsed by any company. It is not anyone's responsibility to ensure all posts and/or questions are answered.
Before buying into a position on an exchange, it’s probably prudent to consider whether there’s enough liquidity to make a well-timed exit. Day trading is all about timing one’s trades, and many cryptoassets and exchanges don’t have the liquidity to support the near-instant trades an experienced trader might be accustomed to in trading stocks or forex. Consider checking the 24-hour volume of the asset, and verifying that the exchange allows you to both buy and sell the asset — some only allow you to buy, and some that allow you to sell might temporarily turn off selling at times of high volatility.
For myself, and most crypto traders, the goal is to increase the amount of Bitcoin we own. I don’t care about the US dollar, at least not directly. When I look at the price of a cryptocurrency, I look at it in terms of BTC. For example, right now the price of 1 ETH (Ethereum) is 0.049 BTC. My trades are based on that price, not the fact that 1 ETH is $304.
For takers, fees range from 0.10 to 0.25%. There are no fees for withdrawals beyond the transaction fee required by the network. One of the unique tools on the Poloniex platform is the chat box which is constantly filled with user help and just about everything. Any user can write almost anything but inappropriate comments are eventually deleted by moderators. It can sometimes be hard to distinguish the good advice from the bad, but the Chatbox is a great tool that will keep you engaged.
Technical analysis is the study of past price patterns. This will allow us to identify opportunities for profit. The cryptocurrency market, maybe more than any other market, has a herd mentality. The tendency, especially with inexperienced traders, is to buy when the price is raising, and sell when the price is dropping. We can take advantage of this with technical analysis.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.


Learn the lingo. BTC is the symbol for Bitcoin. Bitcoin is a type of cryptocurrency. An altcoin is a coin that isn’t Bitcoin (like Ether). Limits, stops, exchanges, shorting, forks, ICOs, margin trading, etc (search for any of those on our site). It is way easier to invest and trade if you understand the common terms used. It is also easier to make friends in crypto groups if you know investing lingo and basic memes like “hodl.”
You can’t simply go to a bank and ask for any digital currency. Instead, you’ll need a proper digital platform for making any trade in Bitcoin, Ether, Ripple or as a matter of fact any crypto. After all, that’s the whole point of creating digital currencies. Cryptocurrency exchange platforms are such online portals that allow you to exchange a digital currency (cryptocurrency) for another one or even a fiat currency depending upon the type of exchange.
Consider Diversifying. With the above advice in mind, there is nothing worse than getting frustrated with BTC, moving to ETH / alts and missing a BTC price spike, then moving back into BTC and missing the ETH spike. This is very easy to do given the rotation, and the natural urge to “FOMO buy.” If you have some of your funds in all the coins you trade, you’ll avoid missing out on a unicorn (a term one can use to describe an odd event, like a giant price spike in a short amount of time). If you diversify, especially when prices are low across the board, you’ll avoid some of the urge to jump into one coin mid or late into a run and out of a coin just before it goes on its run. In other words, although it isn’t the most profitable tactic, diversifying is good for one’s sanity in a number of important ways.
Now I have my strategy that I stick to without letting my emotions interfere. I have a set of coins that I like trading so I only look at those charts. I have patterns and indicators that I look for on those charts so I can quickly flip through them. Within minutes I can set my orders, set alerts on my desired entry and exit prices, and walk away from the computer.
Kryll offers functional blocks that can help you. One of them, Market Trends, provides market information including price fluctuations, demand versus supply analysis, machine learning based market predictions and other options. In your strategy you can also include your preferable trading actions, such as buying, selling, splitting amounts into subsets, and many others.
The reader is likely the sort of person that reads up on investing but most people who enter markets do so without reading a book. They invest like the old pilots of early flight. They just get in the plane and take off and then figure out what to do next. That is not often going to end well. The legions of crypto traders and investors are simply not doing their homework in the same way as dotcom investors hadn’t got a clue about the technology they were investing in or about the market itself they were putting so much of their wealth into.
Now I have my strategy that I stick to without letting my emotions interfere. I have a set of coins that I like trading so I only look at those charts. I have patterns and indicators that I look for on those charts so I can quickly flip through them. Within minutes I can set my orders, set alerts on my desired entry and exit prices, and walk away from the computer.
The term “day trading” suggests manically executing on trades every few minutes. But, as many of these mistakes show, day trading success doesn’t necessarily come for finding a new potential trade every second: you might find more success simply by taking your time, finding opportunities you’re fairly confident in, and executing a couple of trades every day or two.
Taking the first option listed above, which is to buy the underlying, you become the direct holder of the digital asset. Upon purchase, the cryptocurrency is sent to your bitcoin address or account (wallet) with the exchange. From there, you can transfer the crypotocurrency to any bitcoin address or wallet address using your private key that verifies you control ownership of the asset.
On June 25, 2018, the Financial Services Regulatory Authority (FSRA) of the international financial center in Abu Dhabi, Abu Dhabi Global Market, set out new guidelines to regulate crypto assets. The guidelines cover exchanges, intermediaries, and all others who participate in the crypto space. Crypto Assets are Commodities, not Securities The collective regulatory framework to administer crypto activities in the…
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