Skip to main content
HomeThe WWS Daily

- News, tips, inspiration you can trust to thrive in today’s digital age.

Search form

Main menu

  • Home
  • News & Features
  • Business & Economy
  • Tech & Trends
  • Health & Style
  • Arts & Culture
  • Contact Us

Quick Crypto Trading Strategies for Beginners

George Mathews July 14, 2022

Some people decry crypto trading, but those that employ good crypto trading strategies maximize their profits, while minimizing risks of loss when buying and selling crypto assets.

Many people show interest in crypto trading, but not everyone can do it well. 

Often times, in crypto trading, one buys Bitcoin or other cryptocurrency at its market value without gauging whether it is overvalued or undervalued. In the long run, this causes many traders to lose their money and decry the sector.

However, employing good crypto trading strategies will not only enable you to maximize your profits, but also minimize the risks of losing out when buying and selling crypto assets.

While there isn’t a singular correct way to trade, it is imperative tha you create a strong trading strategy for crypto trading. And there are multiple methods to go about building a strong crypto trading strategy, but each trader should adopt what suits their goals best.

Experts are in agreement, though, that a good strategy includes thorough research and analysis, such as market cycle research, technical analysis, and fundamental analysis.

Let’s highlight some powerful trading strategies and methods you can use to get ahead in crypto trading.

 

Powerful Crypto Trading Strategies

 

In order to create the best trading strategy, one must understand and respect the basics of long-term and short-term investment approaches.

 

I. For Long-Term Crypto Investment

 

If the goal is to attain profits and growth over an extended period of time, say, in five to ten years, then long-term trading methods are more beneficial to a trader.

Fundamental analysis where you analyze securities by determining the intrinsic value of the stock, as well as technical analysis where you determine the future price of the stock using charts to identify patterns and trends are both necessary for a long-term approach to crypto trading to reap long-term profits.

 

Fundamental Analysis Indicators

 

In fundamental analysis to understand a given asset's value and future growth, one must be thorough in their research and look into the available data on indicators like:

  • Economic Analysis
  • Competitor Analysis
  • Development Team, and
  • Active User Base.

Let’s look at those four fundamental analysis indicators in more detail…

 

i. Economic Analysis or Tokenomics

 

Economic analysis of any given cryptocurrency is necessary to determine its value. 

Tokenomics is a catch-all phrase referring to an economic model that considers the supply and demand characteristics of a given token or cryptocurrency, incentives governing crypto assets, as well as elements that make a particular cryptocurrency valuable and interesting to investors.

Expert traders learn about the number of tokens released and reserved by the founders, and they often do not favor projects where most of the tokens are with a handful of individuals.

 

ii. Competitor Analysis and Use Cases

 

Understanding and mapping out the list of competitors and use cases, like quick and inexpensive payment services and privacy and anonymity features that successful cryptocurrency use, will help determine the best suit for you.

 

iii. Development Team

 

A good project is transparent about its development team, which helps one gauge each member's expertise.

 

iv. Active user base

 

The number of active users on a given blockchain network helps determine the number of traders for a given cryptocurrency. Projects with a stable user base are worth investing in and are sustainable.

 

II. For Short-Term Crypto Investment 

 

For quick profit gains trading in cryptocurrencies, short-term approaches are more applicable. These are usually swing trading or day trading methods. 

In swing trading, a speculative trading strategy in financial markets, a tradable asset is held for one or more days in an effort to profit from price changes or 'swings'.

The aim of swing trading is to make a lot of small wins that add up to significant returns. For example, a swing trader may earn only 5% gains weekly, but end up earning more in the long run than those traders who wait five months to earn a 25% profit.

In this short-term investment approach, technical analysis should be a primarily focus when assessing an asset's movements during short trading periods. This includes conducting thorough support and resistance levels analysis for short-term trading.

 

Support and Resistance Levels Indicators

 

The point at which an asset has dipped but bounced back after buyers stepped in on price levels charts is called the support level.

On the other hand, the resistance level indicates an asset's price struggle to move above or the asset's resistance from getting pushed in a certain direction.

In short-term trading, this technical analysis of support and resistance levels is an important strategy that’ll help you understand how to make quick profits in the short-term while others are unsure.

 

SUBSCRIBE TO OUR NEWSLETTER  newsletter icon.png

Get our best content, news, tips, and inspiration in your inbox - free.

No spam. Just great stories. Promise!
 

 

Join Over 20,000 Subscribers!

Get our best content, tips, and inspiration free in your inbox. Subscribe ››

Connect with us:  twitter.gif linkedin-gray.jpg email.gif RSS feed

 

 

 

 

 

Most read this week


classroom-teacher-explaining-lesson-pupils-pros-cons-of-AI-in-education
The Pros and Cons of AI in Education
George Mathews

Featured Image - 5 Digital Marketing Tactics Driving Business Growth in 2024
Lead Generation Outsourcing: Key Considerations for Businesses
Aditya Pillutla

hand-holding-smartphone-cryptocurrency-changed-digital-payments - illustration
How Cryptocurrency Has Changed the Future of Digital Payments
Ajay Kapoor

Featured Image – 5 Trends in the Field Service Industry Driving Growth & Success
5 Trends in the Field Service Industry Driving Growth & Success
Alexis Davis

 

Got a story or tip for us?

 

Tips_0_0_0.png

Here's how to submit it →

 

 

 

 

EXPLORE MORE ...

black-nav-bar1.png

News & Features  ›


Cervest Launches Cervest Ratings™ - The Next Evolution Ratings Methodology for Climate-Related Risk

Cervest Launches Cervest Ratings™ - The Next Evolution Ratings Methodology for Climate-Related Risk

44% of Writers Dissatisfied or Extremely Dissatisfied with Not Getting Bylines for Their Writing, Study Finds

44% of Writers Dissatisfied with Not Getting Bylines, Study Finds

man_walks_past_washington_post_office_building_in_washington_dc

The Washington Post is Hiring “Dozens” of Journalists in the New Year


The Most Annoying Video Call Habits at Work - Are You Guilty?

The Digital Playground: Creating Safe and Engaging Online Spaces for Kids

Understanding Fathers’ Rights in the Child Custody Process

hor-line-blue

Tech & Trends  ›


4 Best Crypto Wallets to Trade Bitcoins

Woman-smiling-wearing-white-virtual-reality-goggles-vr-boom-trends

Innovation Boom: Virtual Reality Trends Shaping the Future

young-women-working-call-center-ai-call-recording-staff-wellbeing

How AI Call Recording Improve Mental Wellbeing Of Customer Service Staff


Understanding the Limitations of Antivirus Software

5 Web Accessibility Issues to Avoid

Ethics of Quality Assurance Tech Companies Need to Follow
 

hor_line_yellow

Arts & Culture  ›


woman-holding-book-library-home-business-ideas-for-people-who-love-books

5 Best Home Business Ideas for People Who Love Books

young-woman-reading-book-content-strategy-in-library

10 Books on Content Strategy You Should Read

How to Make Home Schooling Fun and Effective with Ambient Learning

How to Make Home Schooling Fun and Effective with Ambient Learning


12 Reasons Reading Widely Is So Important for Writers

How Reading More Inspires Better Writing

10 Fun Hobbies & Activities for Couples to Enjoy Together

hor-line-brown

Business & Economy  ›


All You Need to Know About Visual Branding

All You Need to Know About Visual Branding

8 Content Marketing Techniques to Steal from Leading Blogs

Boost Your Social Media ROI in 3 Steps


How Salesforce Anywhere Can Transform Remote Work With Real-Time Collaboration

Maximizing Device Compatibility with Restreaming and Packaging: Benefits for OTT Operators

Smooth Operator: 5 Daily Habits that Dramatically Reduce Repair Frequency

hor-line-green

Health & Style  ›


man-lifting-baby-up-happy-older-parent

Had a Child Later In Life? How to Take Care of a Child in Retirement

The First Month After a Gingivectomy

The First Month After a Gingivectomy

How to Become a Dentist: What You Need to Know

hori-3.jpg

Asbestos Hazard: Your Responsibilities As a Property Owner

hori-3.jpg

Blissful Ways to Pamper Yourself at Low Cost

hori-3.jpg

7 Must-Haves for Hiking, Fishing, and Other Outdoor Activities
 

Home | About Us | Contributors | Submissions | Advertise | Disclosure | Privacy Policy | Contact Us

Follow Us:

twitter_e.jpg linkedin-pg.jpg email-updates_icon.jpg

Committed to quality content and journalistic ethics.

RSS rss

Search WWS search-icon-trans_0_1.png

© 2025 The WWS Daily.