If you are a bitcoin trader, you are most probably seeking the best possible way and solution on how to trade and invest in bitcoin. Here, we will mention a few things that may help you with your research.  Achieving bitcoin wisdom is possible through the try and error approach. Whether bitcoins are going up or down, these methods are not dependent on the bitcoin price. 

Bitcoin Exchange

First and foremost, find the best bitcoin exchange. This cryptocurrency is so popular among day traders because there are many different Bitcoin changes available. In order to discover which is the most suitable for you, you would need to think about these factors. What is your home country and what are your favored methods of fees, limits, payments, liquidity needs, and so on. These would be some of the top cryptocurrencies exchanges on the market:

• The world’s largest cryptocurrency exchange, Coinbase.It is available in Canada as well as in the United States and in the majority of European countries. It offers a few payment methods.
• The second one would be Binance. It trades over one hundred and thirty different currencies and has a low transaction fee. 
• One that only trades with BTC and is the third-largest is Bitmex. It is perfect for margin trades and short selling.
• Bittrex is the next one and is founded by ex-Microsoft security experts. It is a United States-based exchange.
• A new exchange that has six million users and takes zero trading fees is Robinhood.
• A Hong Kong-based exchange OKEx trades over with one hundred and forty-five cryptocurrencies. 
• GDAX is based in the United States and it allows its users to trade with Ether, Litecoin, Bitcoin, and other cryptocurrencies. 
• There is itBit that operates with the OTC trading desk and with the global Bitcoin exchange platform.
• If you want to sell and buy without a hustle there is Coinmama. It accepts credit cards and has a large global reach. 

Trading Strategy

We are going to talk about a strategy that can be used to trade all-important cryptocurrencies. It is actually Etherium’s plan, but it is in a way similar to the Bitcoin trading scheme. In case you are not familiar with Etherium, it is the second most popular cryptocurrency. If you would like to know more about Bitcoin, you can visit the bitcoin revolution official site and do your research.   Now, the best plan is an eighty-five percent action price strategy as well as a fifteen percent cryptocurrency trading strategy that uses an indicator.  

The best indicator for the day trading of bitcoin is OBV. It analyzes total money flow in as well as the out of the instrument. Also, it utilizes a combination of price activity and volume. OBV can inform you what is the total amount of funds that are going in and out of the market. 

You can find this indicator on most trading platforms like MT4 and Tradingview. In theory, if OBV was trading down at the same time as bitcoin is trading up,  it would be a sign for people are selling into this rally. Going up would not be lasting. That would also be the rule for the reverse situation. If Bitcoin is trading down then the OBV is trading up. What you want to see is the OBV and Bitcoin prices move in the same direction. 

When day trading, have in mind that it is possible to lose your finances as well. Your capital can be at risk. Although, if you are careful and follow this advice as well, and maybe trying out a demo trade, you are good to go if you decide to partake in this venture