Types of Bitcoin Trade Styles

Types of Bitcoin Traders: Scalper Bitcoin Traders, Day Bitcoin Traders and Swing Bitcoin Traders

There are different types of Bitcoin traders depending on the amount of time that they hold their open cryptocurrency trades.

These bitcoin traders also use different chart timeframes to place their trades.

The various types of bitcoin traders are:

Scalpers
Day bitcoin traders
Swing bitcoin traders
Position bitcoin traders

Bitcoin Scalpers

Bitcoin scalpers are the traders that hold on to their open cryptocurrency trade transactions for only a couple of minutes. With main objective of earning a small number of pips as profit, 10 to 20 pips.

Bitcoin scalpers make many trades in one day, trading bitcoin during the busiest times of the day.

Scalpers are bitcoin traders that can make quick bitcoin trade decisions.

Bitcoin Scalpers use 1 minute bitcoin charts and 5 minutes bitcoin charts to place their trades. They use 5 min bitcoin chart to determine the bitcoin crypto currency trend, if it going up or down, then use 1 min bitcoin chart to decide their entry and exit points.

Day BTCUSD Traders

Cryptocurrency Day Traders are the traders that hold on to their open trade transactions for few hours but not more than a day. With main aim of making quite a number of pips profit, 30 - 70 pips

Day bitcoin traders make 1 or 3 trades in one day, trading bitcoin during the busiest times of the day and they don't hold their open cryptocurrency trade transactions overnight.

Day bitcoin traders use 15 min bitcoin charts and 1 hour bitcoin charts to lace their trades. They use 1 hour bitcoin chart to determine the btcusd crypto currency trend, if it going up or down, then use 15 min bitcoin chart to decide their entry and exit points.

Swing Bitcoin Traders

These are traders who hold their open cryptocurrency trade transactions for few days to a week. With main objective of earning a large number of pips, 100 to 300 pips

Swing bitcoin traders make an average of 2 to 5 trades in one week, holding onto their open cryptocurrency trades overnight. Bitcoin swing requires bitcoin traders who are patient.

Swing bitcoin traders use 1 hour bitcoin charts and 4 hour bitcoin charts to place their trades. They use 4 hour bitcoin charts to determine the trend, if it going up or down, then use H1 chart to decide their entry and exit.

Position bitcoin traders

These are the traders who hold onto their trades transactions for weeks or months. With aim of making a large amount of pips profit, 300 to 800 pips.

Position bitcoin traders make an average of 2 to 5 trades in a year, Position requires bitcoin traders who are patient, experienced & have huge account balances that can withstand huge draw downs.

Position bitcoin traders use 1 day and weekly bitcoin charts to put their trades. They use weekly bitcoin charts to determine the bitcoin trend, if it going up or down, then use 1 day bitcoin chart to decide their entry and exit.

What type of BTCUSD trader is the best?

Most popular type of Bitcoin trader is the bitcoin day trader & bitcoin swing trader. When starting its best to try bitcoin day trading & with some experience try bitcoin swing trading. These bitcoin methods are most suitable for beginner traders.

Scalping bitcoin trading is also popular among traders.

Position bitcoin trading is not very popular because this type of trading requires a huge bitcoin trading balance and sometime it can result to huge bitcoin draw downs.

What Are Different Types of Bitcoin Traders? - What are Different Types of Bitcoin Trade - Types of Bitcoin Trade Styles - How Many Types of Bitcoin Trading are There

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