Mastering Short-Term Bitcoin Trading: Strategies for Capitalizing on Bull Market Trends

 

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There are many short-term trading experts, who have many strategies and methods to understand the market. Many traders always looking for information on how to enter and exit the market, and what are the main opportunities. This article is designed to provide a beginner guide to short-term trading.

Step 1:

First, you should set your intraday trading windows to 1 minute / 1 hour level. Because this time frame will give you better information for your short-term trading.

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Step 2:

You can see in the above picture when a breakout occurs, Bitcoin makes progress, and people consider that if they catch this trend they can make money. But in reality, this simple upward moment is not as simple as people consider.

Step 3:

Watch the current trend, but never over focus, another point you always remember is that big volatility always makes good money and you have only a little time to decide.

Step 4:

In short-term trading, changes are quicker, therefore judgment could be wrong many times. Many short-term traders lose money because they take chances. The best advice is to use stop loss to entering the market because changes in market conditions are unpredictable.

Step 5:

Another principle you must know as short-term traders. It is difficult to repeat short-term trading every day. If you find an opportunity to make money and do trade, earn a profit, and close your position. Never repeat the logic until you have a solid understanding of the trend.

Step 6:

Short-term trading does not mean you will find more opportunities, first do opportunity selection and then use a disciplined approach to perform trading.

The best way to do short-term trading is to understand the momentum and price. If the momentum of trading is high it means you will meet V shape graph. A good momentum makes price gains, so verify both elements before starting short-term trading.

How to do disciplined trading

1. The protection of capital is important, and profit and loss are secondary. Your day job is to secure your capital, if you have multiple stop loss, you must understand the risk is high even if you successfully save your capital.
2. The most frequent trial process may reduce the capital even if you are in a big trend. If you have encountered this position bring the principal back and do other things.
3. Don’t worry, if you miss the big trend, there are many more market opportunities.
4. If you will meet again resistance watch another Netflix movie and enjoy.

Thanks for reading this tutorial, Happy New Year.