Types of Bitcoin Trade Styles

Bitcoin Trader Types - Scalpers, Day Traders, and Swing Traders

Various types of Bitcoin traders exist based on the duration they hold their open cryptocurrency trades.

These Bitcoin traders frequently utilize diverse chart time-frames for executing their trades.

The different types of bitcoin traders are:

Scalpers
Day bitcoin traders
Swing bitcoin traders
Position bitcoin traders

Bitcoin Scalpers

Bitcoin scalpers are BTCUSD traders who keep crypto trades open for just minutes. Their goal is small profits, like 10 to 20 pips.

Bitcoin scalpers make many trade positions 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 work with 1-minute and 5-minute charts. They check the 5-minute chart for the trend, up or down. Then the 1-minute chart sets entry and exit.

Day BTCUSD Traders

CryptoCurrency Day Traders execute BTCUSD trades by maintaining their open positions for several hours but never extending beyond a single trading day. Their primary objective is to secure a net profit ranging from 30 to 70 pips.

Day traders in Bitcoin typically execute 1 to 3 trading positions each day, engaging in trades at peak hours and do not maintain open cryptocurrency transactions overnight.

Day bitcoin traders use 15 min bitcoin charts and 1H bitcoin charts to place their trade orders. They use 1 hour bitcoin chart to figure out the btcusd trend, if it going up or down, then use 15 min bitcoin chart to decide their entry and exit points.

Swing Bitcoin Traders

These traders are identified by the fact that they maintain their open cryptocurrency trade trades for a few days to a week in order to maximize their pip earnings, which range from 100 to 300 pips.

Swing bitcoin traders usually make 2 to 5 trades a week and keep their positions open overnight. You need patience for bitcoin swing trading.

Swing bitcoin traders typically rely on 1-hour and 4-hour charts for their trading decisions. The 4-hour chart is used to determine overall trend direction, while the 1-hour chart helps decide trade entry and exit points.

Position bitcoin traders

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

Position Bitcoin traders average two to five trades per year. They need patience, skill, and large accounts to handle big losses.

Position traders in the bitcoin market rely on daily and weekly candlestick charts for decision-making. Weekly charts help identify overarching trends, while daily charts are used to pinpoint precise entry and exit opportunities.

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 intraday trading & with some experience try bitcoin swing trading. These bitcoin methods are most suitable for beginner traders.

Scalping bitcoin trading is also popular among investors.

Trading btcusd positions is not common because it needs a big bitcoin balance, and it can sometimes lead to big bitcoin losses.

Exploring types of Bitcoin traders: What are the trading styles? How many types of Bitcoin trading exist? A breakdown of diverse Bitcoin trading approaches.

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