7 Successful Strategies of Crypto Traders- #Coindesk

1. More breakouts, more signals, more #trades

Adrian Zduńczyk, who runs a trading group called The Birb Nest, has a certain set of rules and signals he uses to enter trades, which are often breakouts.

2. The “moonbag” strategy

This one’s courtesy of Wendy O, former CoinDesker and host of The O Show. If a project that she’s #invested in starts to “moon,” she begins taking profits and then recoups her initial investment.

3. Correlated arbitrage

Paweł Łaskarzewski, who’s indifferent as to bull or bear markets, shares an example of two assets that are correlated in price action. “Tesla goes in the same direction as NASDAQ,”

4. Trading The “Wyckoff Method”

Over 100 years ago, a financial technician named Richard Wyckoff developed a theory that the market moves in cycles, and that understanding these cycles will give signals on when to buy and sell. They’re still used by traders and are known as the Wyckoff market cycle. 

5. Trade more than just #crypto

Many crypto traders are also stock traders and forex traders, hunting for the best setups wherever they may appear. “Why limit yourself?” says Łaskarzewski.

6. Use leverage with caution

Several times in our call Wendy O stressed that none of this is financial advice -- so I’ll repeat that message here -- and added that she doesn’t personally use much leverage.

7. Scalping

An oldie but goodie, and a key part of Nomad Fulcurm’s toolkit. “We have night scalpers and day scalpers operating on different timeframes,” says Łaskarzewski. “Hours, minutes, and quarter-hours.” The basic principle: You identify a range where the price has been yo-yoing -- let’s say it tends to bounce up when it hits $15 and then gets “rejected” (moves lower) when it hits $20.