When the price of a algorithmic day trading cryptocurrency strategy a lesser-known altcoin, varies from one exchange to another, day traders can profit by taking exit a crypto asset over crypto asset over a short.
The idea behind crypto day trading is to look for trading opportunities that offer you the potential to make a quick profit. Dollar-Cost Averaging When it comes to finding the perfect entry and exit point in a crypto market, it is best to assume that timing the market is next to impossible. This involves being updated with all the news flow regarding the crypto industry. This specific day trading strategy uses one simple technical indicator, namely the Money Flow Index. This can also signal a reversal day.
