Crypto trading strategies for beginners*?***
Crypto trading can be challenging and risky for beginners. However, it can yield good results with time. In this regard, we would like to share some strategies to help beginners in crypto trading.

?Day Trading
This strategy involves entering and exiting positions on the same day.

? HODL strategy
This strategy involves buying an asset that may grow in value over time and holding this asset until it actually grows in value, thus generating profit.

? Event-driven trading
Focuses on events that can impact the price of a coin in the short- and long-term.

? DCA (Dollar Cost Averaging) strategy
Popular among beginners and expert traders. It involves dividing your funds available for trading into smaller amounts.

What trading strategies do you use?

Are you an experienced trader with strong analytical skills, up-to-date market knowledge, and a proven track record of making profits in the crypto market? ?

If so, we invite you to join our team at Bidsbee. We are looking for professional traders to collaborate with us, and we offer excellent conditions.

Check out the benefits we offer to professional traders ?

Do you hear about Fibonacci in crypto trading? ?

Fibonacci is an Italian mathematician who introduced the Fibonacci numbers. In trading, two common types of Fibonacci levels are retracement and extension.

?These levels are calculated by dividing the vertical distance between the minimum and maximum values into sections based on key factors of 23.6%, 38.2%, 50%, and 61.8%.

Prices usually return to these levels before resuming the trend. On the other hand, extension levels indicate the levels that the price may reach after the initial swing and correction.

? Note: Fibonacci retracement levels are not foolproof indicators, and they should be used as part of a comprehensive trading strategy. The crypto market is highly volatile, so it's essential to consider other factors such as fundamental analysis, news events, and overall market sentiment when making trading decisions.

Our traders are making profits while you wait. Would you like to join us now?

Click here?

Exciting news from Bidsbee ?

Introducing the Bot Marketplace!

It offers pre-configured bots for selected pairs of cryptocurrencies, carefully chosen by our Quantum Engineers. The bots' settings are based on our Backtester system, which tracks changes in token exchange rates and analyzes data archives.

This feature simplifies the process of selecting the right bot for users. You don't need to understand the settings; instead, you can evaluate the results of the backtests (ROI) and determine the deposit they are willing to allocate.

Here is a brief introduction to each bot:

? Drop bot: A versatile tool designed to execute and refine manually identified patterns, generating profits over extended periods, particularly in growing markets.
? Balance bot: An automated trading solution crafted to navigate evolving markets with ease. It's a powerful user-friendly tool designed to keep your trading portfolio optimized and profitable.
? Grid bot: Empowers traders to capitalize on pre-established order grids, ideally suited for assets that predominantly experience growth or during periods of active market surges.
? Hold bot: Purchases automatically a fixed amount of asset for a predetermined sum at predetermined periods. It allows you to automate regular purchases of cryptocurrency and improve your investment strategy.

Our bots have shown incredible ROI, up to 180%!
Give them a try here.

Balance bot by Bidsbee ?

Balance Bot (BB) is an automated trading solution crafted to navigate evolving markets with ease. It's a powerful user-friendly tool designed to keep your trading portfolio optimized and profitable.

? Balance Bot is unique because the Bidsbee team invented it based on 6 years of research.

Why BB?

Balance Bot capitalizes on the asymmetrical nature of the market, profiting more from market uptrends than losses during downtrends.

For example, if you bought BTC at $30,000 for $1000, and the price dropped to $25,000, the algorithm would buy additional BTC to maintain the $1000 value. Upon BTC's return to $30,000, the excess BTC would be sold, resulting in a profit of $33.33.

Just take a look at these results!

? Note that ROI varies for different crypto pairs.

Today, we'll discuss the basics of crypto trading - specifically, what stop loss and take profit are and how they work.

? A stop-loss order is placed on an exchange or trading platform in order to sell a crypto token when it reaches a specific price point.

This is done to limit the loss on a position. Typically, a stop-loss order is placed after entering a trade, to determine the maximum loss that the trader is willing to accept.

? Meanwhile, a take-profit order is used to sell a cryptocurrency token once it reaches a target price. This locks in any profits made on the trade. Just like the stop-loss order, a take-profit target should be set after entering the trade.

Study with Bidsbee?

Bidsbee launches a Grid bot?****

A Grid bot is a computer program, an algorithm, that places a bunch of buy and sell orders within a predetermined price range. When the price goes up or down, the bot sells a specific amount of crypto.

The idea is to sell more crypto at a higher price and to buy more crypto at a lower price gradually. In the long run, this approach helps you to benefit from price changes of the asset.

Interesting❓
Read more about Grid bot in our new article

Medium

Bidsbee launches a grid bot

Bidbsee launches a grid bot to increment your earning opportunities.

Our team is currently working hard in the development mode, fine-tuning every detail ?

We're dedicated to making your experience on our platform even better.

That's why we're constantly working on new features, including:

?New advanced dashboard.
?New exchanges integration.
?Portfolio manager.

As Bidsbee grows quickly, stay connected so you can be among the first to test our latest updates?

Feb 12-18, 2024: CRYPTO HEADLINES OF THE WEEK*? Franklin Templeton files for spot Ethereum ETF - source? Genesis cleared by court to sell GBTC shares worth $1.3 billion - source? US investigates Trust Wallet iOS app for vulnerability - source? Microsoft to invest 3B euros into AI development in Germany - source? Ripple acquires Standard Custody & Trust, its second custody provider - source Fortune cookie for the week ahead ?: a new consensus mechanism will emerge, offering faster transactions and lower energy consumption.*

#Weekly_Digest