A comprehensive guide to commercial strategies of old coins in cryptocurrency
The world of cryptocurrencies has exploded over the last ten years, and thousands of new coins and brands appear daily. As a result, traditional investment strategies have given the road to alternative approaches that fulfill the unique features of old coins. In this article, we discuss cryptocurrency store strategies and focus in particular on Altcoin.
What are the old coins?
Before we dive into the world of trade strategies, we quickly check which old coins are. Altcoins are cryptocurrencies that are not directly related to Bitcoin or other established Blockchain project. They often have their own features, applications and applications in the cryptocurrency market. Some popular examples of old coins are Ethereum (ETH), Litecoin (LTC), Dogecoin (Dog) and Monero (XMR).
Commercial strategies for old coins
The commercial strategies of the Altcoin store are a mixture of technical analyzes, basic analysis and psychological techniques that help dealers make sensible decisions in the market. Here are some popular trade strategies for the Altcoin store:
- Impulse Shop : This strategy includes determining and exiting the property price campaign to gain profits. Momentum dealers are looking for funds with strong dynamics and trying to buy or sell the trend at the height.
- Range Shop : The selection of shops includes purchasing or selling assets in a specified area where the price has set a support and resistance level. This strategy is particularly useful if changes in market mood or liquidity are significant changes.
- SKALPING : In SkalPa, you can make several small shops in a short time to use minor price changes. Scalper strives to benefit from the instability of the Altcoin market.
4 This strategy is useful in established trends or with funds that have been for some time.
- Mid -turn : Average translation strategies include identifying extra or over -sized conditions in the economic value price campaign and betting in repair.
Technical analysis strategies
Technical analysis is an important part of Altcoin’s trade because it provides valuable information on market behavior and trends. Here are some technical analysis strategies that can be applied to old coins:
- Identifying the chart pattern
: Detection of the diagram model includes identification of existing patterns in the economic value of the economic value, such as: B. Main and debt formation or triangles.
- Moving Average cross -crossing : Sliding average crosses include a purchase when sliding average exceeds the longer -term average and sells if it runs below the short term average.
- RSI (Relative Strength Index) : RSI is an impulse indicator that measures the speed of price changes in prices changes. It is often used as a purchase signal for overloaded conditions.
Basic Analysis Strategies
Basic analysis includes underlying economic, market trends and other economic value to predict the future service. Here are some basic analysis strategies that can be applied to old coins:
- Financial Indicators : Financial indicators, such as GDP growth rate, inflation and interest, can provide valuable views on the relative strength or weakness of the currency.
- Market Emotion Analysis : The analysis of the emotions of the market includes investor settings on the property using techniques such as tools for analyzing mood such as Twitter or news articles.
- Regulatory Environment : The regulatory environment of the economic value can significantly affect their value.
