Hey guys, what kind of trading strategy do you use? and Why? What's the effectivity rate?
There are lots of trading strategies that you can make use of but one thing you will have to know is that there is no guarantee of profit. The strategy you make use of doesn't mean that you're going to get profit, you can use all strategies but still wouldn't gain profit, cause cryptocurrency is quite unpredictable at times.
There are two main strategies that I know well about and that is MPT and Breakout. MPT means Modern Portfolio Theory and how this works is that you invest in assets with uncorrelated price movements. While in Breakout you're assuming that when it breaks through its usual resistance level another uptrend has started.