My own strategy for BTC/USDT
Updated
Hey guys,
I have receive some messages regarding the strategy shared in my last post, I am showing it here with some graphics for a better understanding.
Again, this is my point of view about a strategy that wouldn’t let you uncovered in the moments of ups and down market. By this way I am avoiding the boring times in the downs market moments ;)
A. Longing:
My current objective is to distribute the funds as to cover orders in an interval down to -65% (red triangle).
Enclosed in the triangle you’ll find:
Green lines = closed buy orders;
Red lines = still open buy order;
Note: orders opened from the top down are bigger and bigger in terms of volume. It is ip to you. I consider them with a 1.1-1.2 pace (ex: first buy order at 65700 – 1000 usdt, the second buy order at 62500 – 1200 usdt). By this I am bringing the average buy price (blue line) closer to actual price.
In this case I bought from 65700 to 36000 a quantity of x BTC which is 50900 average buying price.
a. It means that from now on if BTC is going up over 18% I going into the profit area. If not, I will accumulate more from 32700, 29500, 26300 and 23100 levels.
b. If the market is going up I will choose where to close it. See also the shorting point.
B. Shorting
It could happen to be caught with some buys on top or to have some BTC that you want to keep or to increase.
I am considering and treating this as a distinct wallet / deal.
Then I apply the same strategy but with an inverted structure. The trigger could be 4H RSI (over 80-ish).
a. BTC price is going up - I am selling step by step and calculating the average sell price; Remember that on long side you did accumulate from lower level. Sometimes if price is strongly rising I am keeping longs open and rising average of the shorts.
b. BTC is going down – I have open shorts and sometimes I decide to close them in profit the as much I buy on long structure;
This way I am accumulating more BTC.
I find this way of trading more enjoyable, active and effective for me.
Please note that this is not a financial advice or a strategy that you should apply.
Salutare! :)
I have receive some messages regarding the strategy shared in my last post, I am showing it here with some graphics for a better understanding.
Again, this is my point of view about a strategy that wouldn’t let you uncovered in the moments of ups and down market. By this way I am avoiding the boring times in the downs market moments ;)
A. Longing:
My current objective is to distribute the funds as to cover orders in an interval down to -65% (red triangle).
Enclosed in the triangle you’ll find:
Green lines = closed buy orders;
Red lines = still open buy order;
Note: orders opened from the top down are bigger and bigger in terms of volume. It is ip to you. I consider them with a 1.1-1.2 pace (ex: first buy order at 65700 – 1000 usdt, the second buy order at 62500 – 1200 usdt). By this I am bringing the average buy price (blue line) closer to actual price.
In this case I bought from 65700 to 36000 a quantity of x BTC which is 50900 average buying price.
a. It means that from now on if BTC is going up over 18% I going into the profit area. If not, I will accumulate more from 32700, 29500, 26300 and 23100 levels.
b. If the market is going up I will choose where to close it. See also the shorting point.
B. Shorting
It could happen to be caught with some buys on top or to have some BTC that you want to keep or to increase.
I am considering and treating this as a distinct wallet / deal.
Then I apply the same strategy but with an inverted structure. The trigger could be 4H RSI (over 80-ish).
a. BTC price is going up - I am selling step by step and calculating the average sell price; Remember that on long side you did accumulate from lower level. Sometimes if price is strongly rising I am keeping longs open and rising average of the shorts.
b. BTC is going down – I have open shorts and sometimes I decide to close them in profit the as much I buy on long structure;
This way I am accumulating more BTC.
I find this way of trading more enjoyable, active and effective for me.
Please note that this is not a financial advice or a strategy that you should apply.
Salutare! :)
Trade active
Well, congratulations to everyone who survived yesterday... :) It's not the first time for #bitcoin offering you such a show. For the first timers it could be painful. This shakes will look flat in a few years, the same as previous years are for nowadays.The follow on...
A. Longing: by accumulating BTC in steps down to 32900 it means for me a break even line (blue level) at 46200 USD.
We've been there yet, not too hard to touch in medium term. From there with all in in BTC even a 10% (avg 50k) would mean good profit and in the same time a release of the funds involved. And from there the next step would be a fresh start with the same strategy
B. Shorting: we are already in profit. I can close it here and wait for a strong up move (4h RSI over 80) and begin a new shorting structure like above. Long story short, this strategy touched it's objective (accumulate coins)
Trade active
Back again in the accumulation structure :)Trade active
Wow! I've waited for a while! But it wasn't different from previous cycles. It's true that accumulation moments can be challenging. It also depends on how inspired we were during those times. I learned something crucial: never to go all in. To stay in the game. Because no matter how little you have trading, it keeps your interest and attention. What do we do from now on? I'm thinking of not making any moves until 90k. What's your opinion? ThanksTrade active
I'm actually thinking of closing 25% of positions at 80k, where it could be the 100% extension from the previous cycle low to the current cycle low.
I believe BTC will grow much more, but by securing profits this way, at least a portion of the previously winning trades becomes tangible. Isn't that right?
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