To make $100 a day trading cryptocurrency as a beginner, follow these steps:
1. **Identify Opportunities**: Use CoinMarketCap to spot potential buying opportunities. Check the performance of various altcoins and see which ones are trending.
2. **Use Trading Indicators**: Learn to use indicators like Bollinger Bands and the Relative Strength Index (RSI). For example, if a coin’s price touches the lower Bollinger Band and the RSI is below 30, it might be a good buying signal.
3. **Focus on High Market Cap Coins**: Trade coins with large market caps and good trading volumes, such as Polkadot or Ontology. These are often more stable and easier to trade.
4. **Check Exchange Volumes**: Look at which exchanges have the highest trading volumes for a coin. This can help you find the best place to execute your trades.
5. **Day Trading**: Aim for quick in-and-out trades. With enough capital and discipline, you can potentially earn $100 a day. Even in down weeks, there are trading opportunities.
6. **Resources**: Consider using guides like the Bitcoin Blueprint, which offers strategies for both long-term investing and day trading.
By applying these methods and staying disciplined, you can work towards making consistent profits in cryptocurrency trading.
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