Aptos (APT) is a scalable Layer 1 blockchain using Move language, offering fast transactions, modular upgrades, and a growing ecosystem of Web3 projects.

Aptos has emerged as a standout in the blockchain space, raising 

 from such venture capitalists as Andreessen Horowitz (a16z), Coinbase Ventures, Apollo, Circle Ventures and Franklin Templeton to build its dream project promising a flexible and upgradeable blockchain structure. It lived up to its promises, with a successful mainnet launch on Oct 12, 2022. 

Two years later, Aptos has surpassed $1 billion in 

 (TVL), an impressive feat showcasing its ability to achieve real-world adoption as it attracts millions of users worldwide.

, giving users improved scalability, reliability, security and usability.

The Aptos genesis occurred on October 12, 2022, with Aptos blockchain's mainnet "Aptos Autumn" launched on October 17, 2022. Aptos is a Layer 1 blockchain built with a Rust-based programming language called Move. Its key features include a parallel execution engine, high-level security features and low transaction costs.

The Aptos blockchain is generating all this hype because of its intriguing past. The blockchain is based on the Diem blockchain initiative (from Meta) that was recently abandoned. Created by Diem developers, the Aptos crypto uses the programming language originally created for Diem. Its focus is on Diem's original goal of creating a scalable, fast blockchain. 

Aptos’s flexible architecture means it can be constantly upgraded to support emerging new use cases as the 

 world becomes increasingly sophisticated. Currently, Aptos is capable of supporting 

 (AI) on its blockchain. Its myriad use cases have drawn over 8 million users worldwide.

The Aptos network was created by Aptos Labs, while the Aptos Foundation focuses on nurturing the ecosystem through grants, education initiatives, events and partnerships.

Aptos Labs is the team behind the Aptos project. They currently lead a diverse team of developers, engineers and strategists headed by co-founders Mo Shaikh and Avery Ching.

Shaikh and Ching met when they worked together on the Diem blockchain project at Meta. Shaikh specializes in scaling products, and has experience in the private equity and venture capital markets. Meanwhile, Ching was one of the principal software engineers at Meta and has led many exciting and innovative development projects in the past. When Meta chose to discontinue the Diem project, Shaikh and Ching decided to join together to create Aptos Labs.

. Besides the Aptos blockchain, Aptos Labs has a range of products that cater to bridging the gap between Web 2.0 and web3. These include 

, a user-friendly web3 wallet that offers seamless access to 

, a name service that allows users to convert their lengthy and complex 

, a dedicated Aptos AI chatbot developed with OpenAI technology.

, whereby token holders stake tokens to their selected validators to help maintain the network. Aptos can theoretically reach 160,000 

 (TPS) while maintaining security and reliability. The following revolutionary concepts are at work behind Aptos's impressive performance.

 creates an engine that efficiently handles 

. The Aptos blockchain engine relies on parallel execution to handle multiple transactions at once. This makes things a lot quicker because a single failed transaction won't halt the whole chain. Instead, transactions can be processed concurrently, and all of them are validated post-execution. To further improve efficiency, a collaborative scheduler works to prioritize certain transactions on the Aptos blockchain and handle essential validations efficiently. Ultimately, up to 160,000 transactions per second (TPS) may be processed simultaneously.

One of the things that makes Aptos’s network so appealing is 

 for swift, secure transactions that was first designed for the Diem blockchain. Move is a type of executable bytecode language that’s used to 

implement smart contracts and custom transactions

. It uses Move modules, which are grouped in upgradeable packages, to define the state of transactions. 

It’s flexible enough to handle the unique needs of Aptos developers, and its global storage is more secure than the average programming language. Move lets users define custom resources that can’t be copied or discarded, making it much more difficult for malicious entities to control the Aptos blockchain. 

Aptos has also made multiple improvements to the Move ecosystem to further enhance its security, such as the 

, a formal verifier for Move smart contracts which boosts protection for contract invariants.

Aptos employs a modular data model, in which a ledger state records the interaction of transactions and accounts. Accounts are representations of users’ control over their assets, from on-chain currency to NFTs, and must be created before they can execute transactions. Transactions submitted by any user modify the ledger state and trigger events coded via Move modules. These events, uniquely identified by keys, are then stored as data within the ledger. This design also ensures flexibility and user privacy, as it supports flexible key management and hybrid custodial options, and allows users to create multiple pseudonymous accounts via cryptographic key pairs.

Byzantine Fault Tolerance (BFT) Consensus Protocol

Instead of using a consensus protocol that has to follow the order of transactions, Aptos decouples the two processes and lets them run parallel to each other. This reduces latency (the time it takes to confirm network transactions) while increasing speed. To ensure accuracy, Aptos has created a Byzantine fault tolerance (BFT) engine that analyzes individual states on-chain and then automatically updates validators as needed.

The Aptos ecosystem is robust, with over 190 projects in the realms of DeFi, GameFi, NFTs, social media, education, AI, infrastructure and more.

. Once an APT holder stakes their APT tokens to a validator node, they’re eligible to vote for various protocol changes, such as blockchain upgrades and changes to blockchain parameters. There was 

 of 1 billion APT tokens, distributed as follows:

 isn’t merely used for governance, as APT token holders can also stake their tokens to a validator to help secure the network while earning rewards, which can be received at 

There’s a minimum stake of 1 million APT and a maximum of 50 million APT, with the staked tokens automatically locked for a fixed duration. The maximum annual reward rate, evaluated at every epoch, began at 7% in 2022, with an annual decline rate of 1.5% (until it eventually reaches 3.25%, which Aptos estimates will take over 50 years). 

To further facilitate decentralization, Aptos also started offering delegated staking for users from April 2023. Delegated staking features a low minimum staking requirement whereby users with as little as 11 APT can collectively stake in a trusted validator node. This move encourages more active participation, allowing more users to stake and earn rewards while helping to sustain a stable and efficient network. 

Staking rewards raise the total supply, making APT an 

 token. However, the rewards mechanism may be modified via on-chain governance.

Aptos is available on Bybit’s Spot market as a swap pair with USDT (

As of Nov 19, 2024, APT’S price is $11.68, which is 41.4% lower than its ATH of $19.92 on Jan 26, 2023 and 279.2% higher than its ATL of $3.08 on Dec 29, 2022. 

Price prediction experts generally have a positive outlook on the APT token. Changelly, while 

 a slight dip to $9.85 in 2025, anticipates APT will exceed $100 by 2030 and hit an astonishing average of $4,727 in 2040. CoinCodex is more conservative in its predictions, 

 APT will trade at an average rate of $31.22 in 2025 and $37.05 in 2030. 

There are several factors working together to make Aptos crypto seem like a great opportunity. First of all, the venture is a continuation of a Meta-founded project that was already getting positive results before it was canceled. Furthermore, the developers working on it are experienced, highly-trained people who've worked on exciting projects in the past.

Aptos’s innovative technology has captured the interest of many venture capitalists, making it one of the top-funded blockchain projects at a total of $350 million (split into two rounds). 

Aptos accepted its first big set of investments in March 2022. Several large venture capital groups, including a16z Crypto, Multicoin Capital, Hashed, Tiger Global, Three Arrows Capital, FTX Ventures and Coinbase Ventures contributed a total of $200 million. Aptos then went on to receive another $150 million in June from FTX Ventures and Jump Crypto. Previous investors, such as a16z crypto and Multicoin Capital, have contributed to multiple rounds of funding.

Thanks to its unique architecture, which separates consensus from execution, and its use of Move as a programming language for added security, Aptos certainly stands out from the crowd of Layer 1 projects. 

In a mere two years, Aptos has achieved a TVL of over $1 billion and attracted over 190 projects, including top DeFi platforms like PancakeSwap, Ondo Finance (the biggest stablecoin by market cap) and USDT.

Aptos has also secured partnerships with industry giants and global asset management leaders, such as BlackRock and Franklin Templeton, and entertainment titan NBCUniversal, further contributing to its credibility as one of the top Layer 1 blockchains.

All of these factors point to a bright future ahead for Aptos. Nevertheless, the crypto market is inherently volatile. As with any other cryptocurrency, before buying APT, please make sure you do 

Aptos, often dubbed the “Solana killer,” possesses plenty of features that help it stand out among other Layer 1 chains — including a highly active community, strong partnerships, and access to unique engines and programming languages. 

One of the Aptos blockchain's main competitors is 

, which is currently the hottest high-performance Layer 1 available. 

Theoretically, Solana can support up to 65,000 TPS, while Aptos is capable of supporting 160,000. While the actual performance of both blockchains falls far below their theoretical speeds, they’re still considered high-speed blockchains, with Solana 

. Apart from their fast speeds, both Aptos and Solana also appeal to many users due to their meager transaction costs, which average around $0.0001 per transaction. 

, having had notable outages and downgrades. Meanwhile, the Aptos blockchain adds redundancy to its network, rendering it less prone to failure. Each block in Aptos is synced with leader nodes and nearby nodes. In case the leader node fails, one of the other nodes can take over. This results in slightly more computational requirements, so Aptos' hardware needs are a little larger than Solana's. Ultimately, Aptos offers more reliability than Solana in exchange for slightly higher hardware requirements.

 use Move programming language, though Sui’s version is modified into an object-centric model, unlike Aptos’s account-centric model. 

Additionally, Aptos records its ledger on a blockchain, whereas Sui stores and organizes its data in a 

Both Aptos and Sui are built to be scalable, with Aptos presenting a high throughput of 160,000 TPS in its testnet days and Sui’s test throughput achieving 120,000. When both networks are launched on the mainnet, however, their maximum throughputs over the past 30 days have fallen to 

While the two networks’ scalability allows for varied use cases, Sui’s focus is on NFT games, with a recent expansion into DeFi. In contrast, Aptos is built to be more general purpose, encompassing a diverse range of applications from DeFi, GameFi and NFTs to social media, entertainment and even AI.

The Aptos blockchain has already managed to outperform 

 in terms of speed. While Ethereum's time to finality is over a minute, Aptos can finalize transactions in less than a second, due to both hardware and design differences. Ethereum only has one CPU core, while Aptos operates on 16.

However, Ethereum’s reliability is undeniably superior. While Aptos doesn't have many problems with outages, it can't compare to Ethereum's stability: Its performance is almost impossible to disrupt. As long as users are fine with paying more fees and waiting longer times, Ethereum still remains the more popular choice.

The Aptos project promises to increase blockchain scalability and reliability. 

Indeed, thanks to its innovative technology, Aptos has proven its credibility in just two short years, drawing over 190 projects to join its ecosystem and enabling it to scale rapidly and evolve to match market demand. 

While it remains to be seen whether Aptos will really be a “Solana killer,” its network is rapidly catching up to Solana’s popularity, as evidenced by its growing ecosystem and partnerships with industry leaders. 

The addition of the world’s largest stablecoin, USDT, to the Aptos blockchain further cements its position as the top blockchain of choice for users and developers seeking a scalable, secure and user-friendly platform. 

With its focus on modularity and upgradeability, Aptos continues to attract significant attention from the web3 community, revealing itself to be a formidable player in the race for blockchain dominance.

Intermediate

aptos.png

What Is Aptos (APT): A Scalable Modular Layer 1 for Seamless Upgrades

Ethena Foundation has approved the activation of its fee switch, enabling revenue sharing with ENA token holders by the end of the month.

Daily Top Performer — Hedera Hashgraph (HBAR)

The S&P 500 rose 0.39%, rebounding from recent declines, driven by optimism about potential future rate cuts and expectations of a business-friendly administration. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.73%, with Bitcoin and Ethereum rising by 2.16% and 2.81%, respectively in the past 24 hours.

Today's top performer is HBAR, which surged 44.6% following the expansion of Hedera's governance and its advancements in AI data transparency.

Hedera Hashgraph (HBAR), launched on September 2019, is a cryptocurrency network that supports fast transactions and application deployment, overseen by a select group of business-approved nodes. This design ensures quick finality and reliability, attracting major corporations like LG, IBM, and Boeing as participants. Hedera's Governing Council has 

 to 32 members as the platform introduces new features and diverse use cases, such as using immutable records to enhance trust in AI data. The focus remains on transparency, security, and innovation for a promising future.

Check Out the Latest Prices, Charts, and Data of 

, enabling revenue sharing with ENA token holders by the end of the month. This move follows a governance vote and has already led to a significant increase in the ENA token's value. Ethena, which has achieved record-high revenues recently, generates income through various yield strategies. As one of the largest DeFi protocols by TVL, Ethena's fee switch could set a significant precedent for revenue sharing in the DeFi space.

Yesterday, BTC Spot ETF flows reached $165.5M, consisting of $5.8M from GBTC and $159.7M from non-GBTC sources.

 to drive onchain growth and reward users for trading NFTs and tokens across chains. With a total supply of 1 billion, over half will be allocated to the community through rewards, staking, and ecosystem development, with an initial 12.5% claim available at the Token Generation Event (TGE). The $ME token will power governance, staking, and user incentives across Bitcoin, Solana, and EVM ecosystems, supporting Magic Eden's goal of creating a universal onchain trading platform. The ME Foundation, a non-profit, will oversee the $ME ecosystem, ensuring security and alignment with community interests while cautioning users to beware of scams ahead of TGE.

Beginner

4.png

Ethena Foundation Approves Fee Switch for Revenue Sharing with ENA Holders

In this tutorial, we’ll explore how you can complete a series of tasks in Derive for Bybit Web3 Airdrop Arcade.

In this tutorial, we’ll explore how you can complete Derive tasks for Bybit Web3 Airdrop Arcade. 

Task: Trade More Than $10 USD on Perps/Options, or Deposit More Than $10 Into Vaults

 and connect your Bybit Wallet by clicking on the 

button at the top right corner of the page. 

you want to deposit. Then, indicate the amount. Derive allows you to use stablecoins, such as USDC and USDT, or tokens, such as ETH, wstETH and WBTC, as collateral. Please note that deposits take between five to 10 minutes to complete.

to transfer your tokens into a trading account. This will allow you to trade with margin. 

: Trade at least $10 worth of perpetuals or options. 

 page and connect your Bybit Wallet by clicking on the 

button at the top right corner of the page.

: Select a vault based on your preferred collateral, market outlook and risk tolerance. Vaults automatically execute yield-generating options strategies on your deposited tokens.

. Please note that deposits take between 10 to 20 minutes to complete.

derive tutorial.png

How to Complete Derive Tasks for Bybit Web3 Airdrop Arcade

In this tutorial, we’ll explore how you can complete a series of tasks in KiloEx for Bybit Web3 Airdrop Arcade.

In this tutorial, we’ll explore how you can complete KiloEx tasks for Bybit Web3 Airdrop Arcade. 

Task 1: Deposit at Least 10 USDT in the KiloEx Vault via opBNB

 in the navigation bar to enter the KiloEx Vault. 

: Enter at least 10 USDT as the amount you would like to deposit, and click on 

: Approve the transaction and confirm it. 

: Check your deposit status. Please note that as you’re not able to withdraw immediately, you’ll need to wait for 1–3 epochs.

: Once the above steps have been completed, you can click on the 

button to withdraw your deposited amount.

Task 2: Place a Position With at Least 10 USDT

: If your BNB or USDT is insufficient, you can follow the bridge tutorial 

: After bridging funds, choose your desired trading pair and place an order to 

: The minimum position value for this task is $10. To minimize your risk of 

, we suggest opening a position with 2x leverage and maintaining a margin of $5. In this example, we’ve used a minimum of 2x leverage to open a position and select 

: Confirm your order and your position will be created. 

kiloex tutorial.png

How to Complete KiloEx Tasks for Bybit Web3 Airdrop Arcade

Trading

Day trading cryptocurrency is similar to forex and stocks trading. But, is it for everyone & is it profitable? Explore its strategies & risks.

Bitcoin-trading.jpeg

Bullish-and-bearish-.jpeg

Technical-indicators.jpeg

Reversal-Patterns.jpeg

Breakout-Trading.jpeg

Momentum-Trading.jpeg

Reversal-Trading.jpeg

Continuation-pattern.jpeg

Reversal-chart.jpeg

Trading-News.jpeg

Day trading is one of the most popular trading styles in the cryptocurrency industry and most traditional markets, including foreign exchange (forex) and stocks. However, the traders turn their heads into the cryptocurrency market as it offers one of the most lucrative environments for day traders. With the high volatility and the round-the-clock availability, digital assets have once proven to be a strategic opportunity for day traders to earn quick profits. Despite that, many buy and hold (

) investors in the crypto space, hoping for the cryptocurrency value to appreciate over time. However, on a general note, it is indeed considerably riskier than 

In the following lines, we’ll discuss all aspects of day trading worthy of attention to help you decide whether this trading style is right for you. Note that day trading has been borrowed from traditional financial markets and has the same principles for crypto trading.

Day trading is about speculating the asset’s price to generate profits from the short-term move. And the main rule of day trading is to open and close all positions within the same day. In other words, crypto day traders would not hold their positions open overnight. 

Based on the definition, you may wonder if buying and selling cryptocurrencies within the same day makes you a day trader. Well, technically yes, but day trading is more than that – it is about the ability to generate consistent profits from the short-term price moves, which is not an easy job. In fact, there is a popular

 that says that 80% of day traders give up within just two years.

When generalizing in the cryptocurrency context, most crypto day traders would apply multiple tools and use leverage to maximize potential profits. At the same time, the leverage is used to enter positions with hedge or borrowed funds.

The day trading style is quite demanding, as traders have to stay alert whenever positions are open. That is especially true when day trading a cryptocurrency is way more volatile than forex pairs or company stocks. Naturally, that is why you should always set some time aside for day trading, though stop orders/losses can do a great job at automating the main processes.

How Does Day Trading Work in Cryptocurrency? 

A day trader has to know the market’s intricacies and the crypto assets he’s trading inside and out. Typically, a day trader’s goal is to buy cryptocurrencies that will likely increase in price within the next hours. Then, sell or open short positions on cryptocurrencies that will likely decline in price. While this might sound easy for a novice, trading is difficult and risky without reliable strategies and discipline.

On a side note, crypto day traders are not focused too much on each position’s profitability. Instead, their goal is to secure profitability from the aggregate positions.

Of course, keeping an eye on the latest news is essential for many day trading strategies. However, most of the traders rely solely on technical analysis. In which, these processes involve chart monitoring to draw conclusions based on particular indicators that help traders visualize historical prices from various perspectives.  

The Essentials of Day Trading Cryptocurrency

For day traders, the chart is everything, as it provides traders with the price action, 

, and different timeframes to analyze the market. Many strategies revolve around the price action itself, which can display unique patterns that anticipate specific behavior. Besides the chart, here are other elements that are essential in day trading:

 forms, which implies trading cryptocurrency or stocks with borrowed funds. The concept of leverage is difficult to grasp for beginners, but it is imperative to understand it fully.

Such a profit is not attractive for most day traders. Instead, they are using leverage, whose size can be set manually. So, if the trader from our example uses 10:1 leverage, the trader would put the same $1,000 at stake to enter a long position worth $10,000, with $9,000 of the funds being technically borrowed. That means the potential profit of a 5% return would be $500, which the difference is relatively big.

However, the broker would never let the funds be at risk, so the trader’s position would get automatically closed when the price goes against him. The higher the leverage, the sooner a losing position is closed.

While leverage is generally not common for spot crypto trading, day traders can still use it when trading 

. Some crypto exchange platforms offer up to 100x to 125x leverage for their perpetual contracts.

Day traders might open and close positions manually, but most of them would deploy stop orders to automate trading and prevent bad decisions driven by emotions. While the take-profit helps traders secure gains before the price retreats to previous levels, the most crucial stop order is the stop loss, which allows traders to limit potential losses.

 can be set for every position at the level chosen by the trader. For example, if a trader goes long on BTC at $19,000, he might decide to set a stop-loss order that would automatically close the position when the price goes below $19,200. If the price starts to decline and goes below $19,200, the trader will end up with a loss, but at least it will be limited.

Stop-loss is one of the most critical risk management tools. It can be ignored by buy and hold traders who have fewer positions that can be monitored and addressed manually. However, day traders should use it consistently to mitigate risks.

You can regard trading as a continuous battle between 

, who have opposing sentiments on an asset’s price. Thus, the price movement is all about market psychology. The 

 are the best examples of how market psychology works.

If bulls are strong, the momentum of an uptrend is getting traction, and the price might break above resistance levels with ease. If bears gain traction, the market would retreat and may test new support levels until finding the most reliable one.

 levels represent another aspect of market psychology. If an uptrend has been around, there is a natural inclination to correct lower, and vice versa.

Understanding how market psychology works will prevent you from trading against the trend.

Technically, day trading cryptocurrency is not difficult, but things get tricky when your goal is to secure consistent profits. In most cases, traders dedicate much time and effort to improve your skills and react appropriately to various market signals, usually will see a positive result.

Here are the main steps to jump-start your day trading cryptocurrency journey:

There are many types of tools and software programs designed to help day traders, but you shouldn’t complicate yourself. You can use only the most essential tools required to analyze the price action and improve your trading decisions.

Obviously, you will need a laptop or mobile device with a stable Internet connection. The cryptocurrency exchange or the broker you choose should provide you with charting software that lets you analyze the price and trade without any hassle. Many platforms would use the charting software developed by TradingView, which is convenient, fast, and accurate. Otherwise, seek a trading platform that provides API integration for customization. 

Besides this, it is important to keep an eye on the latest cryptocurrency news so that a crypt news aggregator site might do the trick. Alternatively, you can regularly check popular websites like 

Needless to say, a day trader cannot do without technical analysis indicators and tools, which are providing great insight into the historical price data. 

Example of BTC/USD chart provided by TradingView, with some technical indicators on it. 

The Dos and Don’ts in Day Trading in Cryptocurrency

Day trading strategies in cryptocurrency is a bit different from trading other markets given the much higher volatility. That is why you should be more rigorous about following the best practice. Here are some free tips that will help you increase profitability in the long run:

The best way to practice day trading strategies is to trade with a small amount of money, which doesn’t cause any psychological discomfort. Trading on demo accounts is excellent, but sometimes it can be misleading because knowing that you have virtual funds makes you relaxed. Many traders were doing great on demos but lost their balance right away when trading with real money. 

Pattern day trading strategies are a type of trading method in which traders are looking for specific patterns through the price chart in the form of 

 or bars. These patterns can anticipate the next move with some accuracy, though you have to learn how they work and understand that there is a risk that the price may behave differently than what you expect.

, triangles in all varieties, flags and pennant

s, and more. Some patterns can also anticipate trend reversals, while others may point to trend continuation.

Examples of reversal patterns CC: forexfactory

Top Cryptocurrency Day Trading Strategies for Beginners

Below is a list of day trading strategies that have been tested with time and are still relevant in 2020. You can try these strategies one on a demo account or based on past price movements. Here they are:

Breakout strategies revolve around precise signals that happen when a cryptocurrency price breaks above a 

 on the chart, generally with increased volume. Thus, traders would open a long position after the price breaks above resistance and a short position when it drops below support.

If you’re not familiar, the resistance represents an imaginary line made of the recent highs. It forms when the price repeatedly struggles to break above that line as it retreats after touching it. Consequently, the support is an imaginary line consisting of the recent lows. It can show up when the price doesn’t decline below that line repeatedly, as if it was supported by some force.

The point is, if these barriers are broken, the price tends to move in the direction of the breakout.

 is a trading strategy widely used, especially in forex trading. Scalp traders try to benefit from minimal price movements, which can last minutes or even seconds. Every trade doesn’t bring much profit quantitatively, but scalpers open multiple positions either simultaneously or separately. Their goal is to make sure that all the positions’ aggregative return is positive at the end of any session.

This strategy relies very much on technical analysis, and scalpers are generally not interested in 

. The best thing for them is volatility bursts in either direction.

As for the entry and exit points, scalpers can inspire from other strategies and use a combination of technical indicators.

 is one of the most common and straightforward strategies, especially among beginners. The condition of this strategy is to open positions based on the strength of the current trend. Thus, momentum traders buy the cryptocurrency when it moves up and sell it when the price is declining. But, providing that the strength of the trend is still supported by high volume.

The rationale behind this behavior is that if there is sufficient strength pushing the price in a given direction, then the chances are that the move will continue for a while. As you would expect, traders exit positions during signals of a trend reversal.  

Reversal strategies are probably the riskiest ones from this list, so beginners should better look for better alternatives. This trading style tries to catch a trend reversal ideally right before it happens, i.e., before an uptrend turns into a downtrend or vice versa. That means traders are trading against the trend for a while cost them their deposited funds.

To succeed with reversal trading, you have to possess in-depth crypto market knowledge and trading experience. The easiest way to spot a potential reversal is to check whether the price breaks the trend line in the opposite direction.

Moving average (MA) crossovers represent another group of popular strategies used to get relatively accurate signals pointing to a trend’s beginning. The most straightforward strategy from this category uses two simple moving averages (SMAs) or two exponential moving averages (EMAs) with different periods – a short and a long one. When the short MA crosses the long one from bottom to top, traders regard it as a buy signal. When the short MA breaks below the long MA, traders open short positions.

An interesting way to follow the trend is to look for 

 that confirm the trend is about to continue. Some of the most popular trend continuation patterns are ascending and descending triangles, rectangles, flags and pennants, and among others.

Besides the trend continuation patterns, there are candlestick patterns that usually anticipate a trend reversal. They can provide better signals than merely waiting for the price to break the trend line in the opposite direction, as mentioned above. Some of the most common reversal patterns are double tops and double bottoms (depending on the market condition) and head and shoulders.

Another reversal signal comes from the divergence between the price movement of a cryptocurrency and the RSI line. For those unfamiliar, the RSI is an indicator of overbought (above the 70 marks of the indicator) and oversold (below the 30 marks of the RSI) levels.

A bullish divergence occurs during a downtrend when the cryptocurrency price declines, creating lower lows, while the RSI score increases and displays higher lows. That means the downtrend is probably reversing, and an uptrend is coming. Conversely, a bearish divergence forms when the price increases while the RSI indicator drops.

Trading the news is possible with cryptocurrencies. Many relevant events are happening regularly, including the high-profile partnerships, product launches, token launches and distributions, new technology adoption, regulatory decisions, or integration of crypto solutions by mega-cap companies. 

This approach is probably the only day trading strategy that doesn’t rely on technical analysis, though the latter is needed to support the entry points. The conditions of this style are simple. As good news would trigger a bullish sentiment, while the opposite would put pressure on the price of a given cryptocurrency. For example, when Chinese President Xi Jinping praised the use of blockchain and 

 announced the introduction of crypto services, Bitcoin rallied. In another scenario, Ether’s price soared after the launch of 

Range trading is a strategy in which traders determine overbought and oversold levels, which coincide with resistance and support areas, and buy at the oversold area and sell at the overbought zone. This approach is meant to generate decent profits when the price is not trading, i.e., is fluctuating inside a horizontal channel with up and down moves.

Day traders spot opportunities through the minute price movements of an asset, including cryptocurrency. To maximize profits, a day trader usually uses leverage to enlarge their capital. So, to make sure a trade is profitable, here are the essentials to augment the opportunities:

 – to do so, a trader needs to analyze the bid and ask of the exchange, look into the spread, and, ultimately, identify the possibility of slippage.

 – when a market is volatile, it can open up the room for more significant profits, but it also means losses are inevitable. To assess it, you must have great anticipation and focus on the daily price range and be ready to embrace whatever it may come.

Beginner’s Guide on How To Day Trade Cryptocurrency

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards