Without trading strategy you can never differentiate yourself from the unique crowd. If you want to differentiate yourself from unique investors, you must adopt some unique strategies. There are many trading strategies that different traders are using according to their understanding. But unfortunately, most of them do not work and most of the traders face losses. Although you cannot make accurate predictions in the market of such a large market cap, but the main and important thing in trading is to know the market structure and trend lines. Because if you can master these things then you will end your trade in profit.
[source](https://pixabay.com/photos/bitcoin-crypto-stock-chart-trading-6537382/)
But what I think is important is to have a good understanding of market sentiment. Although we use indicators a lot in various types of trading but they are mostly useless. Understanding the market structure and trends is most important and will definitely help in taking good trades. If you are successful in understanding the trend, you can take successful trades with any indicator. If you want to profit at the end of the day then you must understand this trend of the market at the end of the day. Otherwise, no matter how big a trader you are, even your best strategies will not bring you profit.
If you want to make a good profit from the market then you must have a good understanding of the trends in the market. No matter how many strategies you use, you cannot succeed here without applying the right inclination. If you are new to it then understand the trend now and take your time to learn it. First of all when we think about buying any coin we should think about what the market is like. That's why you need to review over time and see if it's following a trend line or moving sideways. If it's peripheral, you should wait for that phase to end.
But when you review, if you see that it is on a trend line, the higher highs and higher lows are positioned. Then from such position you can easily get an idea about whether it is a bullish or bearish trend. Still, if you don't understand, use the EMA 200 indicator to check the trend. You need to consider taking a larger time frame and if you review that time, check if the candlestick is below the 200 EMA line. And if they are near the support level, it is a bearish trend. But if the candles are above the 200 EMA and close to the resistance level, then it is a bullish trend. This is an easy way to understand trends.
