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Simple Strategy To Make $100 Per Day At BTCC As A Beginner | Bitcoin Futures Tutorial

For those new to the crypto market, having an effective trading strategy is extremely difficult due to lack of financial knowledge and trading experience.

In this article, I would like to offer simple trading strategies, suitable for newbies while still ensuring the same efficiency as the trading strategies of professional investors.

Model trading is a way of placing buy and sell orders according to available price patterns. It doesn’t require you to be able to analyze or predict the market.

You simply trade, take profit and stop loss following price patterns without knowing why. Your main job when trading this method is to try to recognize candlestick patterns that appear in charts to trade with them.

If the pattern is not correct, cut your losses and repeat.

Volume Spread Analysis (VSA) – price and volume analysis

This method focuses mainly on the relationship between price and transaction volume. This is a method that is not interested in technical analysis but only in the way capital flows move to find profitable investment opportunities.

VSA method believes that the market always goes in 4 phases, including:

Cumulative phase

In this phase, the price of the coin will fluctuate low, with small trading volume. This phase is usually the longest in the cycle, so many small investors easily lose patience and sell assets to facilitate the “whales” to gather.

Explosion phase

After a long period of accumulation, the price and volume of transactions suddenly increased sharply, many investors started to participate in buying and pushing prices up.

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Distribution phase

Soaring prices led to the position of many profitable investors. More people started to take profits, so prices and volume started to level off.

Deep reduction phase

The increasing trend of taking profit makes the price unable to go up any more. The key investors left the market, the motivation to buy disappeared, the crisis spread to the whole market causing investors to sell off, causing the price of the coin to drop deeply.

Trading with this method, you need to find out which coins are in the accumulation phase that are about to turn to boom to buy. Then sell to take profit before the distribution phase ends. This method has an extremely low risk since accumulation phase coins rarely plummet.

Standing on the shoulder of a giant

The easiest way to buy potential cryptocurrencies is to identify those that have been well appreciated by large organizations or experienced traders.

You do not need to have too much experience or knowledge, just choose reputable organizations to trust.

Obviously, if a trader has an annual ROI of several hundred percent, he chooses a coin to invest better than a novice like you, just by buying and you can easily achieve profits.

Price Action

Price action is one of the most popular trading strategies for traders who don’t like technical analysis. Price action practitioners believe that technical analysis indicators such as MACD, RSI or Stochastic oscillators are all affected by price action.

Price behavior also fully reflects market volatility caused by news or macroeconomics, so there is no need for fundamental analysis.

Hence, just the price action that provides the market signal is enough to make the forecast without the need for other considerations.

Trend Trading

This is a trading strategy that is based on the investment trend of the masses with the expectation that prices will continue to follow an up or down trend until a reversal begins.

This is a simple trading strategy where you just need to confirm the bullish or bearish trend of any coin without knowing what technical or fundamental factor is driving that trend.

This trading strategy is based on the simple fact that no one can resist the growing trend of the market.

Trend-following helps you to minimize risk because the market often moves the price in the direction of the trend before starting a new trend.

However, the difficult point when using trend trading is that you can hardly know when the market trend will end to take profit.

Apply trading strategies into practice

First, you need to choose a cryptocurrency exchange to trade. BTCC is a cryptocurrency futures exchange that offers up to 150x leverage.

BTCC has a 10-year history in the cryptocurrency market, and is one of the oldest and most reputable exchanges and serves over 6 million users across the globe, especially in the South Korea’s Cryptocurrency 선물 시장

Then you register for an account to trade and choose the currency to trade when seeing good positions.

Conclusion

Trading strategy is just a tool, how people use it is important.

So, having a simple trading strategy does not mean you are an inferior trader than other technical analysis traders. In the financial markets, efficiency is the only measure of value, regardless of whether the strategy is complex or not.

You should not be too dependent on a trading strategy and forget about other factors in trading such as risk management, capital allocation … That can lead to asset loss even though you have a trading strategy. respectable.

If you can apply the strategies in this article well, earning 100usd/day is within reach.

Go For A Free Account In Seconds At BTCC And Try Your First Bitcoin Futures Trading. New Users Will Receive Up To 2,000 USDT Bonus!

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