Majority of us are using this strategy lile buy low and sell high, but I added some twist with that right now and I think it id very effective for this market now. What ever startegy that we used right now atleast you know what is the consequence if you that.
Every trader in the cryptocurrency use different startegy that they works for them and also most of that works very well.
In reality there is no definite strategy because everything can happen very quickly. we have to make decisions according to the situation and conditions and every trader must be able to make good momentum. don't be late in making decisions because every trader must be able to take advantage of every opportunity that exists.
Yea I agree that we shouldnt be late in making decision and at the same time we should not be too quick at making decision. We just have to be careful not to use emotion in trading, I think we have to rely more on using technical analysis with fundamental analysis, because naturally, making decision on a trade is something that is not so easy.
Just like what happened to me recently, I wouldnt say I was too late in making decision buying bitcoin at $8k after waiting to see the price dump from $8200, but shortly after I bought at $8k, the price deepened more, which means I was too quick in making decision without reading my Technical analysis.