I'm new to the crypto space. I played professional poker for the past many years and thinking about trying out trading cryptos. However, I am skeptical from a game theoretic point of view as to whether I can gain an edge.
In poker part of your edge comes from knowing who your opponents are. With that information you can select your opposition to a certain degree, thereby increasing your edge. In the world of trading this is not really possible. I guess maybe some exchanges will have softer competition than others but you don't know exactly who you're trading with (amateurs or pros).
interesting. i played professionally online (MTT grinder) until black friday. then i stumbled onto bitcoin after hearing about sealswithclubs (that didn't pan out) and never looked back. it sounds like your background is live poker?
it's all about running the numbers. chart and candlestick patterns provide setups with a certain probability > 50% of succeeding. the key is to manage your risk, so that you cut out any big losses. you want big gains, small gains, small losses. once you can analyze charts well enough to consistently make EV+ trades based on proper risk/reward, you can be a consistent winner even if you are only winning 50-60% of trades.
i would focus first and foremost on learning classical charting techniques and range expansion. i highly recommend looking into bollinger bands. good luck.