Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Sure, a lot of people do make use of technical analysis when they are trading. As a trader, technical analysis is something that you are meant to know even before you start trading in the market. Because that's what is going to help you be able to predict which way the market will likely be flowing to.When you don't know technical analysis, then it's just like you're gambling with your choices and you're not even sure of what you are doing. And when you are gambling in the cryptocurrency market it becomes a huge risk for you.
There are different strategies that traders make use of to trade in the cryptocurrency market, the most popular strategies I know are arbitrage trading, scalping, and range trading. You should read more on these three types of strategies and understand how they work. Maybe you’ll be able to find one that works for you or even research more and find other types of strategies.