Creation of a commercial strategy for Ethereum Classic (etc.): A guide for beginners
The cryptocurrency trade has become increasingly popular in recent years, with millions of people around the world investing and buying cryptocurrencies such as Bitcoin, Ethereum and others. However, with so many options available, it can be difficult to navigate and make informed decisions about which to buy or sell.
A cryptocurrency that has gained significant attention in recent times is Ethereum Classic (etc.). This decentralized blockchain platform open source was launched in 2016 and has been gaining traction as a viable alternative to Bitcoin. The unique characteristics of etc, such as its intelligent network architecture based on contracts and the presence of a large and active community, make it an attractive investment opportunity.
In this article, we will provide a step -by -step guide on how to create a commercial strategy for Ethereum Classic (etc.). We will cover everything from configuring your account and choosing the right tools, to analyze market trends and identify possible entry points.
Step 1: your account configuration
To start, you must register on an online commercial platform that admits, etc. Some popular options include:
- Binance
- Coinbase
- Kraken
- Huobi
Once you have chosen a platform, you create an account by providing the required information, such as its name, email address and password.
Step 2: Choose your negotiation platform
With your configured account, it is time to choose the commercial platform that best suits your needs. Consider factors such as:
- Rates: Look for platforms with competitive rates, especially for small transactions.
- Liquidity: Make sure the platform has a large market volume and rapid execution times.
- Security: Choose an exchange of good reputation that uses solid security measures to protect your accounts.
Step 3: Configuration of your commercial account etc
Once you have chosen its commercial platform, follow these steps:
- Open your account on the platform.
- Deposit the funds on your account using a payment method as a credit/debit card or bank transfer.
- Fince your account with a sufficient amount of Ethereum Classic (etc.).
Step 4: Choose your commercial strategy
A successful commercial strategy implies understanding market trends, analyzing technical indicators and making informed decisions based on data.
Here are some key concepts to consider:
* MARKET ANALYSIS : Study historical price graphics, volatility and feeling to identify possible entry points.
* Technical indicators
: Use tools such as mobile averages, RSI and Bollinger bands to measure market impulse and identify opportunities to buy or sell.
* Fundamental analysis : Understand the underlying reasons behind the value of etc, as its dynamics of supply and demand.
Step 5: Identification of potential entry points
Look for the following indicators of a possible entry point:
- Support levels : Identify areas where prices have been previously recovered, indicating a strong purchase pressure.
- Resistance levels : Look for areas where prices have previously broken, suggesting that sellers are preparing to raise prices.
- Market trends : Analyze the general trend of etc and identify any change that may indicate a possible entry point.
Step 6: Establish stop losses and position size
Once you have identified an entry point, establish detention losses and position size depending on your tolerance and risk investment objectives:
- Set a stop loss : Identify a price level below which you are willing to sell if the market moves against it.
- Position size : Calculate how much the balance of your account can be losing by operation.
Step 7: Management of your risk
As with any commercial strategy, it is essential to manage the risk:
1.