What’s are the best strategies for a crypto day trader?

Identifying cycles and prior pricing levels has been the most successful that I have seen while trading multiple coins.

I try to reduce my risks several ways:

1. I only trade pairs with USD or USDT.

a.) I’ve found if I trade other pairs, such as ADA/BTC or XRP/ETH ( non USD or USDT pairs ), I might make a good run of that coin, but by the time I trade it back into my currency, I have barely gained much in usable USD.

b.) Currently my favorite is still BTC/USD as BTC still dominates what most other coins do during the day.

2. I tend to follow cycles that are known to be reversal points.

a.) For example, using the CCI indicator on the 1-hr charts.. I know the market likes to move in 7 day and 30 day cycles typically. I’ll set my CCI indicator to 162 hours and 730 hours and what for the low. As CCI hits below -100, I wait until I see the uptrend coming back and buy in that uptrend at the low. Normally I use MACD for this, but set to 24/52 instead of 12/26 to reduce noise.

b.) I also tend to use custom EMA’s or Hull Moving Averages. I don’t use them like everyone else, but I actually find %’s below the EMA or Hull that price tends to go to, before bouncing back up and trade at that level.

c.) Renko bricks can also help identify uptrends when you see 2 positive bricks based on the ATR ( Average True Range ).

3. I run analysis on the coin based on prior High, Low, Open, Close for the past 120 days in Excel. Things I am looking for are:

a.) Whats the average difference between the high and low for all those days. This will tell me how the coin moves normally from high to low. If I am in the trade mid-day, I can look at how the price has moved today to gauge if there is any more steam left in the coin today.

b.) From this Excel sheet, how far does the price move from the open each day, to the low? Also measure from open to the high. Based on this, I can set my buy and sell number for the day just based on the open.

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