Swing Trading Strategy

This straightforward strategy simply requires vigilance. The idea is you keep a close eye out for a correction in a trend and then catch the ‘swing’ out of the correction and back into the trend. A correction is simply when candles or price bars overlap. You’ll find trending prices move quickly, but corrections, on the other hand, will not.

Let’s say on your cryptocurrency chart at 250-minute candles, you see 25 candles where the price stays within a 100 point range. If the price contracted to a daily move of just 20 points, you’d be seriously interested and alert. You should see lots of overlap. This tells you there is a substantial chance the price is going to continue into the trend.

You should then sell when the first candle moved below the contracting range of the previous several candles, and you could place a stop at the most recent minor swing high. It’s simple, straightforward and effective.

Even with the right broker, software, capital and strategy, there are a number of general tips that can help increase your profit margin and minimise losses. Below are some useful cryptocurrency tips to bear in mind.

Utilise News

Short-term cryptocurrencies are extremely sensitive to relevant news. When news such as government regulations or the hacking of a cryptocurrency exchange comes through, prices tend to plummet.

On the flip side, if a big company announces they’ll be incorporating the use of a currency into their business, prices can climb quickly. If you’re aware of any news and can react rapidly, you’ll have an edge over the rest of the market.

Technical Analysis

Analyse historical price charts to identify telling patterns. History has a habit of repeating itself, so if you can hone in on a pattern you may be able to predict future price movements, giving you the edge you need to turn an intraday profit. For more details on identifying and using patterns, see here.

Study Metrics

This is one of the most important cryptocurrency tips. By looking at the number of wallets vs the number of active wallets and the current trading volume, you can attempt to give a specific currency a current value. You can then make informed decisions based on today’s market price. The more accurate your predictions, the greater your chances for profit.

Trade On Margin

If you anticipate a particular price shift, trading on margin will enable you to borrow money to increase your potential profit if your prediction materialises. Exchanges have different margin requirements and offer varying rates, so doing your homework first is advisable. Bitfinex and Huobiare two of the more popular margin platforms.

Use this Trading strategy while trading with XcelToken Plus on CoinGeo, a secure trading platform.

Cryptocurrency Trading Strategy: Modern Portfolio Theory

“I believe in something called ‘portfolio science,’” Lou Kerner – a founding partner at venture capital firm CryptoOracle – tells Cryptocurrency News, “ pronounces that you assign a fraction of your assets to crypto, and then buy a basket of market-based assets, on an unvarying basis and without a concern for the prices. Over the long run, that’s how you increase returns.” Kerner is referring here to modern portfolio theory (MPT), which originated from a 1952 essay by American economist Harry Markowitz, A theory that works well as a cryptocurrency trading strategy.

In its meekest form, MPT contains capitalizing in a range of assets, whose price activities are uncorrelated. Because of their uncorrelated-ness they incline not to fall and upsurge together, thereby, lowering the investor’s contact to separate specific asset risk and rescuing him or her from overall losses.

And as Kerner suggests, if the investor selects their banquet of assets (including cryptocurrencies) prudently, they may enjoy stronger returns over the long term. For example, a 2017 study conducted by researchers at Bocconi University in Italy suggests that MPT is the ideal strategy for crypto-trading, at least when associated to a ‘Bitcoin-only’ strategy and one which weights in on numerous different coins equally (i.e. that embraces an equal amount/value of each coin).

However, the key point to make here is that the use of MPT cannot usually be limited solely to the crypto-market. That’s because cryptocurrencies are too highly associated or interrelated with one another at the moment. When one slips so do the vast majority of the others, for example, if bitcoin prices suddenly drop in the market then the market value of Ethereum and the other coins decrease with it, thereby exposing investors to larger risks.

As an investor it is absolutely necessary to keep oneself well-educated on at least one cryptocurrency trading strategy as it may help increase significantly the assets invested in.

XcelToken Plus Trading Strategy Parameters to Keep in Mind

XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is fashioned to build, involve and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelLab is delighted to announce that XcelToken Plus will now be available for trading on 14 Exchange Platforms. This article aims to make the new traders understand the parameters that a simple trading strategy must contain.

The Ticker name of XcelToken Plus is XLAB

A simple trading strategy contains the following’s parameters:

Risk: how much loss are you going to grip on the trade.
Price: the price at which the trade is going to be implemented.
Quantity: the sum of wealth which will be put in the trade.
Entry trade: based on the stratagem it will perform a buy or sell action at an already defined price.
Exit trade: based on the trade outcome, the strategy decides if it wants to exit that position.

To start building your own strategy it is vital to choose the marketplace you want to trade in. Then, you don’t have to start from zero, you can use a public one based on diverse groupings as trend-following. There are adequate strategies out there. It’s very imperative to enhance the strategy to be reliably profitable on new, unseen data.

XcelToken is adopted into usage on XcelTrip– an online travel reservation platform where you can check-in at over 800,000 hotels and book tickets with over 400 airlines, XcelPay– a merchant POS and digital payment wallet through which you can now recharge your phones with 900 different carrier services and in 160 countries, with cryptocurrency.

Log into one of the 14 Exchanges and start implementing these parameters in your trading strategy with XcelToken Plus (XLAB) now.

Rejoice! XcelToken Upgrade and Trading are Right around the Corner.

XcelToken is an ERC20 token on the Ethereum Blockchain Platform that is created to build, engage and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelToken has undergone some exciting changes and the upgrades are coming your way from the 10^th of May, 2019 to the 15^th of May, 2019.

The upgrade process will automatically take place within the blockchain system and your crypto wallet will be credited with the exact number of tokens that you possess. We strongly advise against moving or transferring the token from your wallet during this period (10^th– 15^th May, 2019)

XcelToken is already adopted into usage on XcelTrip– an online travel booking platform where you can check-in at over 800,000 hotels and book tickets with over 400 airlines, XcelPay– a merchant POS and digital payment wallet through which you can now recharge your phones with 900 different carrier services and in 160 countries, with cryptocurrency. Soon after the upgrade the token will make your everyday transactions easy.

XcelToken will now go live on eight Exchange platforms for trade on the 15^th of May, 2019 at 8PM PDT, be sure to check out the websites of the following sites:

ABCC – https://abcc.com/en

LIVECOIN – https://www.livecoin.net/en

P2PB2B – https://p2pb2b.io/

MERCATOX – https://mercatox.com/?referrer=23201

HOTBIT – https://www.hotbit.io/

LATOKEN – https://latoken.com/

BITKER- https://www.bitker.com/#/

COINGEO – https://www.coingeo.com/

We will keep you updated on all the information that is to follow, keep your eyes peeled.

Thank You for your patience and understanding. Note- Please do not move your XcelTokens from your wallets from the 10^th to the 15^th of May, 2019.

Announcement: XcelToken Upgrade

“It’s only after you upgrade to a better technology that you realize how obsolete the previous one has now become.”
― Hrishikesh Agnihotri

We are now upgrading XcelToken, due to abundance of caution, improved functionality and security. A smooth and seamless relocation will take place form the 10^th to the 15^th of May, 2019. Here are a few important pieces information to keep in mind:

The upgrade process will automatically take place within the blockchain system and your crypto wallet will be credited with the exact number of tokens that you possess.
The relocation process will happen from the 10^th to the 15^th of May, 2019.
It is advised that you do not move or transfer your XcelTokens from your wallets during this period.
After the process is complete, you’ll be able to trade XcelToken on 8 highly reputed exchange platforms from the 15^th of May, 2019.

Follow our social media platforms for more information.

We thank you for your patience and cooperation.

Note- Please do not move your XcelTokens from your wallets from the 10^th to the 15^th of May, 2019.