Cryptocurrency trading can be rewarding but risky. There are some strategies that can be useful that may not be known to many traders:
1. **Trading with market sentiment**:
- Use sentiment analysis tools to determine the overall market sentiment. Indicators like the Fear and Greed Index can help you make more informed trading decisions based on investor sentiment.
2. **Trading based on delayed news**:
- Exploiting the delay in the market’s response to important news. There can be opportunities to make profits when the market lags in absorbing new news, especially if you follow unconventional news sources.
3. **Trading technical contradictions**:
- Look for discrepancies between different technical analysis indicators. For example, the Relative Strength Index (RSI) may show that a currency is overbought while the MACD shows a buy signal. Such discrepancies can be strong trading signals.
4. **Trade micro currencies based on macro market patterns**:
- Instead of focusing only on large coins like Bitcoin and Ethereum, you can analyze cryptocurrencies with small market caps that are highly influenced by macro market patterns. These currencies can offer opportunities for high profits due to their high volatility.