As we are still in the bear market, which has been going on for the last 1.5 years, there is a good chance that we will see some bear relief until the middle of 2023. As a result, at the start of the new year, the crypto trading strategy is changing, which I will discuss in today's post and hope will be useful to you as well.

BITCOIN HAS A HIGHER PROBABILITY OF CONFIRMING BULL RUN

Because there is a greater possibility of a bull run from this point, the strategy must be changed to swing trades. Swing trades are trades that take more than one day to complete. These trades can last up to 15 days, if not months. This strategy was chosen because there is bull in the long run and swing will be more beneficial.

A good trader always adopts new strategies after considering the surrounding circumstances. As a result, swing trading is one of the best strategies until the middle of the year, when the next strategy will become clear. Because Bitcoin appears to be bullish, long positions should be initiated; however, keep in mind that profits should not be booked until the swing trade is completed.

This year, trend trading will be another trading strategy in which a trader trades while keeping an eye on market trends. We are now in a position where the trend will change and go slightly bullish from here. After one complete trend cycle, trend trading is finished.

Once you've begun trend trading, you must wait for the trend's full cycle to be completed. Never take a break in between, as this will result in a lower profit. Trend trading is influenced by currency market conditions and moves accordingly. It does not imply that we are in an upward trend, so we continue to follow the same pattern.

TREND TRADING STRATEGY

There is also the possibility of the trend changing, so you must be aware and proactive. Follow the market trend and tailor your work to it. There is also the possibility that bad news will enter the market and change the trend, so you must be vigilant in order to follow trades based on the trend.

In trend trading, you can also sell parts of your long-term holdings. In every trend confirmation, sell a small portion of your coin and repurchase at a low price. In this manner, you will be able to easily sell your long-term holdings and profit. It is up to you to decide whether to sell your long-term position or wait for full-time bullish confirmation.

Day trading is another profitable trading strategy; this type of trade is more profitable when the market is bullish. When there is a greater likelihood of a bullish move, it is also the best time to day trade. It is important to remember that in day trading, you must close your positions within one day, regardless of profit or loss.

These are some cryptocurrency trading tactics for the year 2023 that have been carefully considered and are being offered to you. I hope this post will be informative for you all and useful as well. If you found the post useful, please remember to share it on your blog so that more people can read it and benefit from it. Don't forget to upvote as well, as this will benefit my finances and account growth.

• NOTE: PICTURES ARE TAKEN FROM CANVA AND EDITED IN CANVA.

DISCLAIMER

Please keep in mind that I am not a financial advisor. Never, ever take anything I say as financial advice. Conduct your own research. Before making any investment decisions, consult with a professional investment advisor! My posts are strictly for entertainment purposes!

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