Trade Bitcoin Trading

Types of Bitcoin Traders: Scalpers, Day Traders, Swing Traders & Position Trade

Types of Bitcoin Traders

There are various types of Bitcoin traders. The type of a trader one is depends on the amount of time which they hold their bitcoin trades.

The different types of bitcoin traders also use different time-frames to place their trades.

The various types of Bitcoin traders are:

  1. Scalpers
  2. Day traders
  3. Swing traders
  4. Position BTCUSD traders

Each type of Bitcoin trader is explained below and as a beginner bitcoin trader you can decide which type of Bitcoin trader you want to be based on your personality and the chart timeframe that you would want to be trading with.

Types of Bitcoin Traders

The Bitcoin traders who are scalpers hold on to their trade transactions for only a couple of minutes. With the objective of earning a small number of pips in profit, 5 to 10 to 20 pips.

Scalpers are the type of Bitcoin traders that make many bitcoin trading transactions on one day and participate in bitcoin trading during the busiest times of the btcusd trading market. A scalper bitcoin trader can open anywhere between 30 to 50 trades per day.

Scalpers are Bitcoin traders who can make quick decisions.

Scalpers use 1 min cryptocurrency charts to put their orders. They use 5 minutes Bitcoin chart timeframe to figure out the bitcoin crypto trend, if the bitcoin trend is moving up or down and to decide their entry and exit.

Scalper 5 minutes bitcoin trading time-frame btcusd strategy

A Scalper using 1 minute trading chart timeframe wants to open long, checks 5 minute chart, looks like the cryptocurrency trading example illustrated below, since it displays the bitcoin trend is heading up, the scalper will then decide it's okay to buy bitcoin crypto.

Scalper bitcoin trader multiple time frame bitcoin trading strategy - Types of Best BTCUSD Traders

Types of Bitcoin Traders - Scalpers - Scalping Bitcoin - Scalper Bitcoin Trader

Types of Bitcoin Traders

Bitcoin Day Trader - This type of Bitcoin trader holds onto their trade transactions for few hours but not more than a day. With the objective of earning quite a number of pips profit: 30 to 70 pips.

The cryptocurrency day trader makes 2 or 5 bitcoin trading transactions on one day, participating during the busiest times of the btcusd trading market and they don't hold their orders overnight.

These BTCUSD traders use the 15 minutes BTCUSD Crypto charts to put their orders. They use H1 chart to figure out the btcusd cryptocurrency market trend, if it going upwards or downward & to decide their entry and exit.

Bitcoin Day Trader 1 Hour time-frame bitcoin trading strategy

A BTCUSD day trader using 15 minute crypto chart time-frame wants to open long, checks 1H time frame, it resembles the cryptocurrency example illustrated below, since it displays the btcusd cryptocurrency trading market bitcoin trend is heading up, the cryptocurrency day trader then will decide it's okay to buy bitcoin crypto.

Bitcoin Day Traders multiple Chart time-frame bitcoin trading strategy - Best Trader Type

Types of Bitcoin Market Traders - Bitcoin Day Traders - ==22==CryptoCryptoCurrency Day Trade - Types of Bitcoin Traders

Types of Crypto Traders

Bitcoin Swing Traders - This type of bitcoin trader holds onto their Bitcoin trades for few days to a week - with the objective of making a large number of pips in profit, 100 to 400 pips.

This type of market trader makes an average of 2 to 5 bitcoin trading transactions on one week, holding onto their trade positions overnight. Swing bitcoin trading method requires bitcoin traders who are patient.

This type of bitcoin trader uses the 1 hour Bitcoin charts to put their orders. Swing traders use the 4H chart to figure out the Bitcoin trend, if it is going up or down and to decide their entry and exit.

Bitcoin Swing Trader 4 Hour chart timeframe strategy

A bitcoin swing trader using 1 hour candlesticks charts wants to go short, checks 4 H candlesticks chart, it resembles the cryptocurrency example illustrated below, since it highlights the bitcoin trend is heading down, the swing bitcoin trader then will decide it's okay to Sell/Go Short bitcoin crypto.

Bitcoin Swing Trader multiple Chart timeframe bitcoin strategy - Best BTCUSD Trader Type

Types of Bitcoin Traders - Swing Traders - Swing Bitcoin - Swing Bitcoin Traders

Types of Bitcoin Traders

Position Bitcoin Traders - This type of bitcoin trader holds onto their bitcoin trade for weeks or months. With the objective of earning a large number of pips, 300 to 1000 pips.

Position Bitcoin Traders place an average of 2 to 5 orders in a year, position bitcoin trading method requires those who are patient, experienced ==22==and have huge trading account balances that can withstand huge draw-downs.

Position bitcoin traders use 1 day or weekly cryptocurrency charts to put their orders. They use weekly cryptocurrency chart to figure out the bitcoin trend, if it going up or down and to decide their entry and exit.

Types of BTCUSD Traders

Position bitcoin trader using the daily candlesticks charts wants to open short, checks weekly time frame, it resembles the cryptocurrency example illustrated below, since weekly chart timeframe shows the bitcoin trend is heading down, the position bitcoin trader then will decide it is okay to sell - Go short.

Position bitcoin trader multiple Chart time-frame trading strategy - Best BTCUSD Trader Type

Types of Bitcoin Traders - Position Traders - Position Bitcoin - Position Bitcoin Traders

Types of Bitcoin Traders

Most popular type of Bitcoin trader or the best Bitcoin trader type is the day trader & scalper bitcoin trader depending on the method of bitcoin trading of each trader, but these 2 bitcoin trading methods are the most widely chosen bitcoin trading methods. Scalping cryptocurrency trading requires those that can make quick decisions while crypto day trading is for those who want their trade transactions to run for longer and have more time when making bitcoin trading decisions. When starting it is best to try btcusd trading scalping or crypto day trading. This btcusd methods are the best because you do not leave crypto orders open for too long. At the same time you do not leave cryptocurrency trades open overnight ==22==and you can trade when you have time to watch the btcusd trading market movements. In Bitcoin it is best keep orders open for as long as the bitcoin trend setup is in your direction and exit immediately once the bitcoin trend direction begins to reverse.

In the question about which type of bitcoin trading style is used by the best Bitcoin traders or by the top Bitcoin traders the two bitcoin trading methods above are the most commonly used bitcoin techniques. Traders can also automate these scalping or day trading styles by implementing their btcusd trade strategies using automated cryptocurrency bots.

For bitcoin swing traders, leaving bitcoin trade positions too long can also take up your profit and this bitcoin trading method also requires a lot of skills so it is best to stick to the short term bitcoin trading methods for most beginner Bitcoin traders.

Position bitcoin trading isn't good as it requires a huge account balance & sometime it can result to huge draw-downs.

For bitcoin trading swing trading and position bitcoin trading methods, leaving a bitcoin trade position open for too long, might mean these trade transactions can reverse & move and go against you with a lot of pip(point) movements and can even wipe your account, for this reason swing & position bitcoin trading methods are not very popular. It is best to stick to btcusd trading scalping and crypto intra-day trading so that to better manage the money on your cryptocurrency account.

It is not recommended for the Bitcoin trader who is a beginner to leave orders open overnight, it's best to always close open cryptocurrency orders at the end of the day.

Crypto Currency News Traders - Types of Bitcoin Traders - News Trading - this bitcoin trading news trader places orders during economic news release time, either guessing the news will be positive/negative or placing pending crypto orders above & below bitcoin trading market bitcoin price. News method is risky as volatility is massive, whilst liquidity might and may be non-existent. You may not get filled or, worse, your ==22==stop--lossstop--loss--orderstoploss--order might not be honored! News Trading technique can be very profitable for some bitcoin traders but requires some skills.

Bitcoin Bot Traders - Types of Bitcoin Traders - Automated Bitcoin Traders - the cryptocurrency trading robot trader - automated bitcoin trader is the type of bitcoin trader that uses automated bitcoin trading programs known as cryptocurrency trading robots - Expert Advisor Robots - EAs Automated Robots Trading Bots to trade the online btcusd crypto currency market. This automated bitcoin trader will setup an Automated Bitcoin Bot on their platform software & the automated bot will then open and close trades on behalf of the trader based on the trading strategy which has been used to program this automated cryptocurrency bot. If you're new to automated cryptocurrency trading and would like to find a btc usd trader using automated trading robots to help you as a trader come up with an automated bot, then you can find out more about automated trading on the Bitcoin EAs Article - MQL5 EA Robots Forum.

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