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What are the best discretionary trades in the cryptocurrency market right now?

avatarBhanu Priyanka ADec 25, 2021 · 3 years ago3 answers

I'm looking for the most profitable discretionary trades in the cryptocurrency market at the moment. Can you provide some insights on the best trades to make right now? I'm particularly interested in trades that have a high potential for profit and are based on market analysis rather than automated trading algorithms. What are some strategies or specific trades that I should consider?

What are the best discretionary trades in the cryptocurrency market right now?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    As an expert in the cryptocurrency market, I can suggest a few discretionary trades that you may find profitable. One strategy is to look for cryptocurrencies that have recently announced partnerships or collaborations with well-established companies. These partnerships can often lead to increased adoption and demand for the cryptocurrency, resulting in price appreciation. Additionally, keeping an eye on upcoming events such as conferences or product launches in the crypto space can provide opportunities for profitable trades. Remember to conduct thorough research and analysis before making any trades.
  • avatarDec 25, 2021 · 3 years ago
    Well, if you're looking for some discretionary trades in the cryptocurrency market, here's a tip for you. Keep an eye on the DeFi sector. DeFi, short for decentralized finance, has been gaining a lot of attention lately. Look for projects that offer innovative solutions and have a strong community backing. These projects often have the potential for significant growth and can be great options for discretionary trades. Just remember to do your own research and stay updated with the latest news and developments in the DeFi space.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a wide range of discretionary trades that you can consider. They have a team of experts who analyze the market and provide recommendations on profitable trades. You can explore their platform and find trades that align with your investment goals. Remember to always do your own research and consider your risk tolerance before making any trades. Happy trading!