Topic: Sharing my BTC strategy for bear and consolidating markets (Read 653 times)
Another great 15.7% win in BTC with the Weak-hands Buster open-source strategy. Bitcoin has been going down for several weeks, but there is no need to suffer if you manage to sell bitcoin as it starts diving and take the profit at the bottom, buying more bitcoin with the same money. This strategy may be fully automated in the Superalgos Desktop App and can help you with the timing. This is the trade closed an hour ago:
For people following this thread, you may want to know that the open-source strategy I pointed in the OP is again in the middle of a trade, shorting bitcoin... looking promising... The stop hasn't started trailing yet but will soon if the slide downwards continues... Current TP at 7.2k... See http://superalgos.org if you are interested...
So, what do you guys think? Is consolidation over? Are we still facing a bull market?
What makes you think that bitcoin consolidation has even arrived for it to be over, I don't think that we have even smelled the tip of bitcoin consolidation because during the time that bitcoin consolidate is when altcoins enters their season, and if I ask, have you see any slight recovery for altcoins? When bitcoin gets to that stage of consolidation, you will know, and no one will tell you when you see that all altcoins starts to moon in value. It is this period that many people have been waiting for and that is the time I am waiting for also, I am hoping and praying that bitcoin goes sideways ,m so that we can get our investment out of some of these altcoins that have tied it down for a very long time now, especially some of those top altcoins.
Sorry to break the news but you seem to be living in 2017. The assumption that alts will pump when bitcoin consolidates is no longer valid. 99.9% of alts are doomed to fail and everyone knows that by now.
Bitcoin started a consolidation period on June 27th 2019, after the years's high at +14 K. Some traders argue that the recovery of 24th October signaled the end of that consolidation period, but it's far from being a popular opinion yet, let alone confirmed by facts.
So, what do you guys think? Is consolidation over? Are we still facing a bull market?
What makes you think that bitcoin consolidation has even arrived for it to be over, I don't think that we have even smelled the tip of bitcoin consolidation because during the time that bitcoin consolidate is when altcoins enters their season, and if I ask, have you see any slight recovery for altcoins? When bitcoin gets to that stage of consolidation, you will know, and no one will tell you when you see that all altcoins starts to moon in value. It is this period that many people have been waiting for and that is the time I am waiting for also, I am hoping and praying that bitcoin goes sideways ,m so that we can get our investment out of some of these altcoins that have tied it down for a very long time now, especially some of those top altcoins.
that pumping effect to alts.We wouldnt know if people are just accumulating their btc conversion to fiat and just waiting for an entry or just simply cash outing their btc for
reconsidering some alts.We wouldnt know actually thats why its really hard to predict.You might see some signs of movement but theres always been a hesitation everytime you would tend to make a move because the thing comes thru your mind is that it might be a fake movement.So it isnt really that easy to do so.
There are opportunities if you want to make profit in market that is consolidating. It is easy to say that buying low and sell it high but the truth is it is really hard to execute. You should knownl the area of value which is support amd resistance for you to have an idea where you will buy and where you will sell.
So, what do you guys think? Is consolidation over? Are we still facing a bull market?
What makes you think that bitcoin consolidation has even arrived for it to be over, I don't think that we have even smelled the tip of bitcoin consolidation because during the time that bitcoin consolidate is when altcoins enters their season, and if I ask, have you see any slight recovery for altcoins? When bitcoin gets to that stage of consolidation, you will know, and no one will tell you when you see that all altcoins starts to moon in value. It is this period that many people have been waiting for and that is the time I am waiting for also, I am hoping and praying that bitcoin goes sideways ,m so that we can get our investment out of some of these altcoins that have tied it down for a very long time now, especially some of those top altcoins.
So, what do you guys think? Is consolidation over? Are we still facing a bull market?
Can you use the strategy on lower timeframes? It looks like it is a long term trend following strategy using bollinger bands as primary indicator. If it is working so well I'm curious about your reasons for sharing it on the forum.
It is a mid-term strategy. Trades may be open for several days occasionally. The strategy makes decision mainly on the 1-hour time period but checks conditions on higher time periods as well. It certainly wouldn't work AS IS in higher frequencies...
The reason why I'm openly sharing this is because we are an open source project. We are building an open-source trading automation platform and open-source strategies. The long term vision of the project is a global Collective Trading Intelligence at the service of all people.
Take a look at https://superalgos.org/
Well, it's a nice strategy and I have thought of the same too but we never know when the market goes in opposite direction.
This mere fact keeps me from trading. Obviously I know we have to take risks if we want to earn but I guess I am better at holding with patience than to trade with a panic.
This mere fact keeps me from trading. Obviously I know we have to take risks if we want to earn but I guess I am better at holding with patience than to trade with a panic.
Can you use the strategy on lower timeframes? It looks like it is a long term trend following strategy using bollinger bands as primary indicator. If it is working so well I'm curious about your reasons for sharing it on the forum.
Exactly. Even during market consolidations, there's still plenty of opportunity to make a profit trading. It doesn't just drop straight down. There's still a lot of volatility to play with during a downturn. Just don't play a longer term strategy during a downturn. Focus on something more immediate. Unless you plan on holding long enough for the consolidation to be over with, which could take a few years.
If you stick with bitcoin, no research is needed. Just active trading using a very clear and structured system that has been thoroughly tested. That is what we are doing with the strategy mentioned in the OP.
I believe this too. This I think TA will do if you keep to a long time frame like weekly or monthly candle close. TA will give us such clear direction to market except few times when a strong fund come.
This can be achieved by having a proper plan by fixing a margin for buying and selling rather than randomly doing it and it requires the trader to first fix a realistic figure to trade for example if I bought bitcoin at $8k then I would prefer to sell it at $8500 and then buy back should be fixed at $7900 this will the patter I would follow and when it comes to other altcoins as well as we need to set a flow chart sort of thing for this about the buying price and selling price only then we could earn else we will end up losing capital, this plan might not work for short term.
IMO,this is short term plans,we should not buy and sell the again buy when we wanted to be long term investors but if we stick with our margin don't care about the waiting period then its good for short to mid term traders.For the people who wanted to trade very often they should be strong in FA and TA then only they can get better idea about what they should do. 
My opinion is very straight, If you want to make a profit then you have to wait for the suitable moment, I think Bitcoin holding is the best way to make fulfill your desire, Whatever the current context, don't be panicked and worried about the price, I also think that you have to control your emotion as well, if you want to start trading then decision is yours, I think when the market is vulnerable then trading is too risky to make a profit, So holding is a very safe and secure investment, just wait for the moment and gain what amount you want, if you want to take a high risk then trading would be perfect for you during this market consolidations.
When it comes to bitcoin investment and trading, I think that people should always relax their mind about this coin because it is as reliable as anything good. Every bear market of bitcoin is a blessing, while its bullish trend is also a blessing, so we should not be seeing the price fall of bitcoin at any time as a sad moment.It should be a moment where we should buy and then sell when it is high and anytime that we feel we have made mistake in buying, we should just leave that particular investment to correct itself as bitcoin continues to function well while we move on with the other investment. Anytime that I see bitcoin dip, I usually do not panic which I still expect more dip in price soon, and if bitcoin falls again, while people are scared and counting it as bear market, I will keep buying it.
This can be achieved by having a proper plan by fixing a margin for buying and selling rather than randomly doing it and it requires the trader to first fix a realistic figure to trade for example if I bought bitcoin at $8k then I would prefer to sell it at $8500 and then buy back should be fixed at $7900 this will the patter I would follow and when it comes to other altcoins as well as we need to set a flow chart sort of thing for this about the buying price and selling price only then we could earn else we will end up losing capital, this plan might not work for short term.
My opinion is very straight, If you want to make a profit then you have to wait for the suitable moment, I think Bitcoin holding is the best way to make fulfill your desire, Whatever the current context, don't be panicked and worried about the price, I also think that you have to control your emotion as well, if you want to start trading then decision is yours, I think when the market is vulnerable then trading is too risky to make a profit, So holding is a very safe and secure investment, just wait for the moment and gain what amount you want, if you want to take a high risk then trading would be perfect for you during this market consolidations.
When it comes to bitcoin investment and trading, I think that people should always relax their mind about this coin because it is as reliable as anything good. Every bear market of bitcoin is a blessing, while its bullish trend is also a blessing, so we should not be seeing the price fall of bitcoin at any time as a sad moment.It should be a moment where we should buy and then sell when it is high and anytime that we feel we have made mistake in buying, we should just leave that particular investment to correct itself as bitcoin continues to function well while we move on with the other investment. Anytime that I see bitcoin dip, I usually do not panic which I still expect more dip in price soon, and if bitcoin falls again, while people are scared and counting it as bear market, I will keep buying it.
My opinion is very straight, If you want to make a profit then you have to wait for the suitable moment, I think Bitcoin holding is the best way to make fulfill your desire, Whatever the current context, don't be panicked and worried about the price, I also think that you have to control your emotion as well, if you want to start trading then decision is yours, I think when the market is vulnerable then trading is too risky to make a profit, So holding is a very safe and secure investment, just wait for the moment and gain what amount you want, if you want to take a high risk then trading would be perfect for you during this market consolidations.
When it comes to bitcoin investment and trading, I think that people should always relax their mind about this coin because it is as reliable as anything good. Every bear market of bitcoin is a blessing, while its bullish trend is also a blessing, so we should not be seeing the price fall of bitcoin at any time as a sad moment.It should be a moment where we should buy and then sell when it is high and anytime that we feel we have made mistake in buying, we should just leave that particular investment to correct itself as bitcoin continues to function well while we move on with the other investment. Anytime that I see bitcoin dip, I usually do not panic which I still expect more dip in price soon, and if bitcoin falls again, while people are scared and counting it as bear market, I will keep buying it.
If you stick with bitcoin, no research is needed. Just active trading using a very clear and structured system that has been thoroughly tested. That is what we are doing with the strategy mentioned in the OP.
I believe this too. This I think TA will do if you keep to a long time frame like weekly or monthly candle close. TA will give us such clear direction to market except few times when a strong fund come.
The best case you can do is to have stop loss and also a buy order at the lower prices, say right now it looks like $8k is a strong point but if it were to go down that we can assume you can still profit, how?
Simply just put a stop loss at around $8100 or whatever you feel like comfortable, these numbers can change according to market prices whenever you want to try, when bitcoin goes down like 5% or so it usually goes down even further. Anyway if your stop loss is triggered than you will be all in cash and no bitcoin, so what do you do next?
You put up a buy order at $7700 first and use only about 50% of the money you just got from the stop loss, if another day or two passes and the price is around the same you buy with the other 50% as well, if it keeps going down than you buy from the new bottom.
Simply just put a stop loss at around $8100 or whatever you feel like comfortable, these numbers can change according to market prices whenever you want to try, when bitcoin goes down like 5% or so it usually goes down even further. Anyway if your stop loss is triggered than you will be all in cash and no bitcoin, so what do you do next?
You put up a buy order at $7700 first and use only about 50% of the money you just got from the stop loss, if another day or two passes and the price is around the same you buy with the other 50% as well, if it keeps going down than you buy from the new bottom.
Everyone wants to profit when any market conditions are no exception when the market is consolidating, which we have to do with current market conditions must think calmly do not panic. The first tip is to do short-term trading when the market is like this, although a big risk because the price of bitcoin can go down at any time remain confident of doing a careful analysis so that it is right to determine buy price. The second tip, just take a thin profit of around 1%, so that prices do not go down again, so when it sells, the profits go straight even though the profit is small. And the third tip is always on the lookout for unusual price movements, then you will be able to read the market which way price will be going. Do not let sell too fast, must be able to determine the right moment to sell.
It is hard to make a profit during this month if we cannot be careful to determine the entry price to buy and sell.
The price seems moves to anywhere, and sometimes the price is down in the next minutes without notice.
But behind that, I think we still have a chance to buy bitcoin at a lower price, especially if we can analyze the price to find a good time to buy bitcoin.
Like this day, we have a chance to buy bitcoin at $81xx and wait for a while until the price can reach $82xx.
But unfortunately, no one will know if the price can reach that price, and that makes many of us decide to sell bitcoin too early when the price starts to increase.
I think that will be okay, especially if we can get another good time to buy bitcoin so we can sell when it increases again.
The price seems moves to anywhere, and sometimes the price is down in the next minutes without notice.
But behind that, I think we still have a chance to buy bitcoin at a lower price, especially if we can analyze the price to find a good time to buy bitcoin.
Like this day, we have a chance to buy bitcoin at $81xx and wait for a while until the price can reach $82xx.
But unfortunately, no one will know if the price can reach that price, and that makes many of us decide to sell bitcoin too early when the price starts to increase.
I think that will be okay, especially if we can get another good time to buy bitcoin so we can sell when it increases again.
My opinion is very straight, If you want to make a profit then you have to wait for the suitable moment, I think Bitcoin holding is the best way to make fulfill your desire, Whatever the current context, don't be panicked and worried about the price, I also think that you have to control your emotion as well, if you want to start trading then decision is yours, I think when the market is vulnerable then trading is too risky to make a profit, So holding is a very safe and secure investment, just wait for the moment and gain what amount you want, if you want to take a high risk then trading would be perfect for you during this market consolidations.
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.
The market is suffering loss as btc is witnessing downfall but i disagree with you that its not the worst fall as we have seen dump situations to much deeper level compared to current situation.You can have profits in bear market also if you have trading skills and you can be benefited from it.For me its time to buy btc as prices are low and then hold it until satisfactory returns are promised.You can try to earn coins by working for projrcts and then simply convert it into btc.Any way you prefer.
It looks like trading is easy for you but if you tried it personally, you can actually feel the stress when the market as its downtrend. There is no problem when the market is bullish but what it makes hard and even expert traders feel the same when the market turns like what we have today.BTW, holding isn't a work of a trader, traders never hold so long, they keep on the trading day by day unless you are just a holder not a trader.
The market is suffering loss as btc is witnessing downfall but i disagree with you that its not the worst fall as we have seen dump situations to much deeper level compared to current situation.You can have profits in bear market also if you have trading skills and you can be benefited from it.For me its time to buy btc as prices are low and then hold it until satisfactory returns are promised.You can try to earn coins by working for projrcts and then simply convert it into btc.Any way you prefer.
So what do you guys think? Have we seen the end of the correction starting after the 2019 high in June?
I think the price will slowly trend upwards until after the halving. When the halving happens, it will shoot up. I saw a chart of the complete price history of Bitcoin and this has been the trend all the way since the beginning. There's always a slight rise in price shortly before the halving, but for whatever reason, we really don't get into full bull market mode until shortly after the halving. I don't know why. Seems like the price rising would happen before the halving with all the hype.
If people believe that bitcoin halving will have an effect on it, then there is tendency that people will want to start preparing to benefit from it by putting money from a little way to a big way and the accumulation of these coins are what will usually lead to a very high increase of the coin either before or after the halving, the only thing that I am quite sure of is if bitcoin consolidate, altcoins will surely have an increase of their own value.
During market consolidations you can use your own strategy like trading in range. Most of traders have 2 types of strategy, for trends and for ranges. The biggest issue is to determine trend and realise when consolidation is over. You can set up price zones in consolidation and open short from higher zone and open long at the bottom
So what do you guys think? Have we seen the end of the correction starting after the 2019 high in June?
I think the price will slowly trend upwards until after the halving. When the halving happens, it will shoot up. I saw a chart of the complete price history of Bitcoin and this has been the trend all the way since the beginning. There's always a slight rise in price shortly before the halving, but for whatever reason, we really don't get into full bull market mode until shortly after the halving. I don't know why. Seems like the price rising would happen before the halving with all the hype.
Trading channels I follow are split between the possibility that bitcoin might continue the rally started in April, or deepen the consolidation. Neither of my two strategies are signalling either for the time being...
So what do you guys think? Have we seen the end of the correction starting after the 2019 high in June?
If you stick with bitcoin, no research is needed. Just active trading using a very clear and structured system that has been thoroughly tested. That is what we are doing with the strategy mentioned in the OP.
Yup! Or the OP may do some short trade too if he wants. But be sure that in every short trade that you are doing ,you are gaining some more of the amount you invested or more than the amount you bought that coin. Do some day trade, it will increaae your coin price in this bear market. 
To do well in a bear market, a very good research is needed. Yes, bear market is time to buy more coins and hodl but not for all the falling coins. Some coins are being dumped at that time and won't recover from that. So if you buy a wrong coin then, you might wait forever to profit which likely won't happen.
I quite agree with you that some price fall signify dump but unsuspecting buyers may not know and they will dive on and waste their hard earned money. This isn't even about doing one's diligent research before buying in because most times one won't even know where to start with. Back to the OP, I think the best way to increase BTC holdings in a bear market is to tether. Then sell off tether and buy into Bitcoin once the signal for a bull run comes up. Buy BTC/USDT & Sell BTC/USDT should be it at every correction. If you stick with bitcoin, no research is needed. Just active trading using a very clear and structured system that has been thoroughly tested. That is what we are doing with the strategy mentioned in the OP.
That is a long research on its own, because if you really want to jump into trading, you also have to make lots of research on how to, and how most top traders are doing it, trading is not so easy, and like you rightly said, for any trader to be very successful, they need a clear structure which I think should be a well-developed skills and strategies, when it also comes to research, aside researching on how to trade for educational purpose, there is also need for any trader to research well on coins to trade. In as much as bitcoin is the most reliable coin to trade, people cannot just be on bitcoin trading alone, there is still need for diversification, because it is not every time that bitcoin will always meet our needs, so there is still need for research in virtually most things that we do here.
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.
Exactly, that is the tricky part of bitcoin's volatility, we don't know when it is going to drop or rise, so technical analysis is the solution for that, but you also have to be good on analyzing complex stuffs like bitcoin's price chart since the beginning, then the most crucial part of it is executing what you have concluded based on your analysis (still a theory or a prediction) which is still risky but worth to be tried if you believe in your skills in Trading.
If you stick with bitcoin, no research is needed. Just active trading using a very clear and structured system that has been thoroughly tested. That is what we are doing with the strategy mentioned in the OP.
To do well in a bear market, a very good research is needed. Yes, bear market is time to buy more coins and hodl but not for all the falling coins. Some coins are being dumped at that time and won't recover from that. So if you buy a wrong coin then, you might wait forever to profit which likely won't happen.
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.
It is simple but people fail to make the right decision at right time. This is the trick here., You cannot really judge or predict the behavior or future change of the market without having some sound knowledge and experience. Knowing a rule is one thing, able to implement it in a way beneficial to oneself is a whole different story. Dealing with the most volatile currencies is a bit challenging. The more you know, the better it is. 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.
The main trading idea of the strategy discussed in the OP is to identify short-term reversals as well as continuations and deepening of trends marked by a break down of the Bollinger Bands (BB) in the 1-hour chart, using the Percentage Bandwidth (%B) indicator, the Bollinger Bands Moving Average (BB MA) and the Bollinger Bands deviation to assess momentum and volatility, optimize the take position event, and filter out late entries.
In simple words, the strategy sells bitcoin as the price starts sliding down, and re-buys bitcoin once price stabilizes or the market is seriously oversold.
You may see the strategy in action for your self... It's open-source and available on Github.
In simple words, the strategy sells bitcoin as the price starts sliding down, and re-buys bitcoin once price stabilizes or the market is seriously oversold.
You may see the strategy in action for your self... It's open-source and available on Github.
Best way to earn bitcoin is to buy and sell of an atlcoins since the price of it are changing everyday same with bitcoin. And best way to analyze the price is 7days on the chart.
But some are buying and selling their bitcoins since the market is very unpredictable right now and don't know yet when it will start bull run.
But some are buying and selling their bitcoins since the market is very unpredictable right now and don't know yet when it will start bull run.
There's nothing in my mind but to buy during bear market. That's the only way I know on how to increase your btc since it's really the time to buy, price is cheaper. You can also try to find other good projects or alternative coin to trade and used your earnings to buy btc. During bear market, most of not yet skillful traders lost because of panic. Earning in bear market is kinda hard that's why others are waiting for increase or just holding until they saw a good timing.
Bear market = make money by shorting bitcoin
bull market = make money by longing bitcoin
It is as simple as that!
bull market = make money by longing bitcoin
It is as simple as that!
Is it really that simple? On platforms such as Bitmex you have to pay close attention to the funding rates. In a bear market obviously, you'll have more shorts than longs, which means that your fee as shorter will significantly affect your position the longer it remains open. Vice versa for when there are more longs than shorts during a bull market.
Long term speaking it would make more sense to just stick to unloading spot if you expect the bear market to last a year. There is way less risk involved sticking to spot investing/trading.
With how popular leverage trading has become people have lost more money than ever before in this space. Some morons think using 50 or even 100x leverage is not risky at all. I haven't seen people be this stupid in all the years I have been trading/investing stocks/crypto. It's only a matter of time before we get the first 200x platform. As platform you got to 'innovate' eventually......
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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