There are multiple ways to make money investing in Crypto. Some HODL, some leverage trade, some stake , some mine for new coins.
Swing trading is another way to stack Sats or whatever coin is your choice. Buy low and sell high. It's one of the oldest ways to profit in any form of commerce.
There are many trading platforms and exchanges that offer a way to buy and sell your coin. I chose Trading View for this article because I like the drawing tools and the full screen that I can put on my desktop. ( It's much easier on these old eyes)
Of the hundreds and hundreds of trading tools and strategies available, I want to show you a simple set up that use RSI, Bollenger Bands, and a trading pattern called the Head and Shoulders. If you have traded stocks or futures, you are familar with these and more. This is one of my favorites and it seems to give a better than 50% success rate.
Notice the RSI indicators at the bottom. After the right shoulder starts to mature, the price will go up. When the RSI lines cross up at 47% ,that is a signal to buy. When the lines cross down at 62% , then the upward movement is most likely going to stall or reverse. Take profit and wait for your next retracement. Buy LOW, Sell HIGH.
We have videos and live sessions where you can learn this strategy and many, many more.
At FNLCyptoDNA, we use multiple forms of trading strategies and we have live trading sessions and live lessons if you want to learn trading strategies before you start to invest in crypto. If you just want to buy and hold your crypto; we can show you safe habits to keep your coins safe.
FNL content including, but not limited to, articles, podcasts, videos, live streams, and websites are intended for informational purposes and should NOT be considered financial, investment, tax, legal, nor trading advice. Cryptocurrency, futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. https://futuresnetworks.live/risk_disclaimer