Topic: Sharing my BTC strategy for bear and consolidating markets - page 3. (Read 635 times)
ChrisPop is right even without pming you for anyone that is interested the only real way to increase your position without adding more capital is by shorting Bitcoin or for any cryptocurrency in that matter. Of course it's easier said than done since we don't know the how much and when we will short an asset or even if it will fall after we sell our holdings. That's why they key to any kind of shorting is to always know the resistances of the asset and when it will re-test it. If it fails to break out of it then you can sell but if it continues to go up after the resistance it's really up to your choice if you will still sell or hope that it will re-test another key resistance level. Having a plan is really what you need and not try to be greedy always as it may lead to losing all of your capital after.
As I write, BTC is suffering the worst fall of 2019.
Worst fall I would not argue with, but bitcoin is still up a lot since being in the $3000 range. I don't know what price you bought in at but I suspect you're still in the money. Bitcoin isn't suffering quite as badly as you'd make it sound.A bear market is the absolute best time to make money, but it takes patience and discipline and a belief that bitcoin is undervalued. Now is an excellent time to buy and hodl. However I would argue that we are not in a bear market by any means. This is just a tiny correction we're seeing. A bear market would suggest that there is an overall downward trend, but that isn't really what's happening in the market.
Well... you nailed it. It is that simple.
It would be silly to short bitcoin right now in my opinion, and I think there is money to be made via a buy and hold strategy. Bet you in a month bitcoin will be back above $10,000 and this will all be a moot point. 
Nice Job! A lot of people don't realize that even during a bear market, there is still a lot of market fluctuation occurring that you can profit from. I actually took my free $5 I got from the Robinhood app and have been playing the downtrends in Bitcoin and already have it up over $30. All during this bear run that has been going on. Whatever you're doing is working, keep it up!
To say "how to Increase your Bitcoin Holdings" is easy but implementing the strategy is not always perfect and does not mean that it will always make money because it is based on luck.
If you succeed in reading the charts and link them to events/news you may have a strong predictive intuition through which you can convert losses to gain, especially as the market fluctuates significantly during the month or year.
If you do not have enough plans, make a long-term investment and you will make enough profits.
If you succeed in reading the charts and link them to events/news you may have a strong predictive intuition through which you can convert losses to gain, especially as the market fluctuates significantly during the month or year.
If you do not have enough plans, make a long-term investment and you will make enough profits.
Bear market = make money by shorting bitcoin
bull market = make money by longing bitcoin
It is as simple as that! Remember that we complicate trading because we think we need to know more about the market in order to make more. But that's not true. Technical analysis is giving you an edge over the market, risk management limits your losses and emotional control makes you stick to your edge and risk management principles.
bull market = make money by longing bitcoin
It is as simple as that! Remember that we complicate trading because we think we need to know more about the market in order to make more. But that's not true. Technical analysis is giving you an edge over the market, risk management limits your losses and emotional control makes you stick to your edge and risk management principles.
Well... you nailed it. It is that simple.
The only issue is knowing when to do what. That is where a properly structured strategy comes in place.
Bear market = make money by shorting bitcoin
bull market = make money by longing bitcoin
It is as simple as that! Remember that we complicate trading because we think we need to know more about the market in order to make more. But that's not true. Technical analysis is giving you an edge over the market, risk management limits your losses and emotional control makes you stick to your edge and risk management principles.
bull market = make money by longing bitcoin
It is as simple as that! Remember that we complicate trading because we think we need to know more about the market in order to make more. But that's not true. Technical analysis is giving you an edge over the market, risk management limits your losses and emotional control makes you stick to your edge and risk management principles.
To be successful on the bear market you need to find good projects to purchase on a long term, profitable ones.
It’s also important to make long term trading options and hunt for dividends paying projects on the market.
You can also go short on bad projects. Bear markets might be tough for good projects, but for bad projects, they are brutal and that's where I make money.
It’s also important to make long term trading options and hunt for dividends paying projects on the market.
You can also go short on bad projects. Bear markets might be tough for good projects, but for bad projects, they are brutal and that's where I make money.
Hi everyone... I just wanted to share with you a Hacker Noon article explaining this particular strategy: How to Increase your Bitcoin Holdings in a Bear Market - Part I
A quick line to let everyone know that the strategy that produced this trade last week has been open sourced by its maintainers. You may find the strategy and use it for free in this Github repository: https://github.com/Superalgos/Strategy-BTC-WeakHandsBuster
Take a look at the main trades from the first half of 2019:
Take a look at the main trades from the first half of 2019:
As I write, BTC is suffering the worst fall of 2019.
I'm a hodler, so I'm suffering a bit. But not too much, as I'm also trading actively and making more BTC as price falls. It's simple, you sell a part of your holding when bitcoin starts falling and re-buy at a lower price, getting more bitcoin without putting any more cash!
A bunch of friends and I are maintaining this open-source strategy that just made 26.85% ROI in BTC in this single fall.
The strategy is explained in this article recently published in Hackernoon: How to Increase your Bitcoin Holdings in a Bear Market. You can use it for free...it's open-source and we improve it every once in a while (you can help improving it too!).
Take a look at the trade we closed today. It started with the brake down of the Bollinger bands in the hourly chart on Sep 6th, taking position at USD 10,371. We took profit moments ago at 8,127. That means we bought 26.85% more BTC than what we started with. Here is the visual of the trade:
Current Performance in Backtests (Poloniex)
I'm a hodler, so I'm suffering a bit. But not too much, as I'm also trading actively and making more BTC as price falls. It's simple, you sell a part of your holding when bitcoin starts falling and re-buy at a lower price, getting more bitcoin without putting any more cash!
A bunch of friends and I are maintaining this open-source strategy that just made 26.85% ROI in BTC in this single fall.
The strategy is explained in this article recently published in Hackernoon: How to Increase your Bitcoin Holdings in a Bear Market. You can use it for free...it's open-source and we improve it every once in a while (you can help improving it too!).
Take a look at the trade we closed today. It started with the brake down of the Bollinger bands in the hourly chart on Sep 6th, taking position at USD 10,371. We took profit moments ago at 8,127. That means we bought 26.85% more BTC than what we started with. Here is the visual of the trade:
Current Performance in Backtests (Poloniex)
| Year: | 2019 | 2018 |
| Trades: | 9 | 19 |
| Hits: | 8 | 12 |
| Fails: | 1 | 7 |
| ROI*: | 106% | 549% |
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