Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.
^ To tell you honestly day trading is very risky and there is no right or the best strategy that we can consider as accurate to use all of them are just predicting the market price. In my own, trading in a long term could be the best way to apply such a strategy because there is more time to think about when BTC prices move and you can set targeted profit before selling them. Buy low and sell high is the best and the safest strategy for me but like I said, this is not applicable on day trading or short-term trading.
Short term trading is not easy. it takes a lot of qualified trading experience. for the best strategy, I don't think there is, because every trader can use a different strategy. therefore we must recognize our strategy and learn discipline, because not every transaction will generate profit, and if the analysis is not appropriate, then do not hesitate to use cutloss, so that over time we can survive