Firstly you yave to learn about technical analysis because this is will be basic of day trading. Use time frame minimum 1 hours and learn price action of crypto by understanding chart pattern and candlestick pattern. You should understand about support and resistance level to decide entry buy and sell. Other important thing you have to set percentace of take profit and stop loss in every trade.
TA worked years ago. Not now with majority of volume made by bots and ai bots. Most of indicators was made years ago (19xx) for low variability stock market when you need to call your broker to made trade. And none of TA indicators was made to work on market on which arbitrage bots works from various exchanges and coins. Min 1h? why if altcoins has such variability that you can earn few % in 5-20 min on 5 min candle like i do.
TA especialy dont work on market this small bacause even few mil used wisely by whale can push price +-50%
Just think for a moment. If you are trading from IA indicators you are like trading bot but much slower, more stupid and susceptible for emotions and gambling. You become piggybank for those bots who will alwais be faster and better than you.
You can follow these tips:
1. Learn about tech behind cryptocurrencies (mintable coins, non-mintable coins, Blockchain and other tech stuff ).
2. Learn about cryptocurrencies trends of past year and whats going on currenctly.
3. Select the best crypto coin or coins you are interested to invest in.
4. Research about their tech more and follow the trends for some period.
5. Learn the basics of crypto investments i.e. When to enter and when to exit.
6. Make a plan your investment Goals.
7. Keep following latest news and announcements.
1. Learn about tech behind cryptocurrencies (mintable coins, non-mintable coins, Blockchain and other tech stuff ).
2. Learn about cryptocurrencies trends of past year and whats going on currenctly.
3. Select the best crypto coin or coins you are interested to invest in.
4. Research about their tech more and follow the trends for some period.
5. Learn the basics of crypto investments i.e. When to enter and when to exit.
6. Make a plan your investment Goals.
7. Keep following latest news and announcements.
OP is asking for daytrading not investing.
To become daytrader you need to make as many trades as you can with minimum bet to make your learning as cheap as possible. Do as manny mistakes as you can and earn from every. Watch how price react for news, panic sell, panic buy and use that panic as your advantage.
Daytrader earns buying risk and selling hopes. Investor buy hopes and sell dreams or risk if price goes down
