$BTC knocking $55,000 WHAT to do?
HERE'S A STRATEGY
HEY FELLOW TRADERS,
BTC suddenly spurted up to about 55,000 usd and not many could ride this uptrend. Most of you fear entering the market coz a correction could melt your wallet.
BUT here is a strategy that I myself have applied and always used and benefitted a lot when markets have run way leaving me behind.
WHAT'S THE STRATEGY ?
FIRST of all , if you feel that the market has run up quite a lot and there may be a short term correction
YOU can long BTC spot or futures at this price and
SHORT $BTC quarterly 0329 as well as $BTC quarterly 0629
1) IF you are bullish on the market the long : short ratio should be 1.5 : 1 in favour of longs
2) IF you are bearish than keep the ratio 1:1.5
BOOK profits on longs whenever BTC gives a reversal candle on the upside on higher timeframe and ride your short till it breaks even or gives you profit.
YOU can also keep the long short ratio of 1:1 and profit from wild swings as the volatility is very high.
DYOR
TRADE SAFE TRADE SMART
THIS IS NO FINANCIAL ADVICE
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