(First of all i am not good at English so writings could be sucks)
-Position recommend
Stop loss: 10410
take profit:9310~9810(short term), 7540~9310(mid term)
-Funding Fee strategy
If you don't want to loose your money and get a profit on the market, short 1x on BTC. Decrease amount of bitcoin = Increase value of bitcoin (vice versa is same).
Over 3 month Short position got the funding fee and i am expecting this trend will keep going on for at least 2 months.
i got in short position at 11910 with leverage 25x and its been over a month. Amount of Funding fee i've got over 70% of principle (95% of funding fee was given to Short position). To use Compound interest, you should short 1x with funding fee whenever you get it.
I can close the position and take a profit but i still believe BTC breaks the strong support line which is 9310. Funding fee is like cash cow to me and i will not close the position until bitcoin doesn't break short term resistance line(for now it will be at 10410).
The risk you get
-Price variability when you transfer bitcoin
-Hacks
If you are not sure where bitcoin price goes, 1x short position strategy will be the best for you. If you have any question about this, leave a comment below.
This is my previous analysis chart
-Position recommend
Stop loss: 10410
take profit:9310~9810(short term), 7540~9310(mid term)
-Funding Fee strategy
If you don't want to loose your money and get a profit on the market, short 1x on BTC. Decrease amount of bitcoin = Increase value of bitcoin (vice versa is same).
Over 3 month Short position got the funding fee and i am expecting this trend will keep going on for at least 2 months.
i got in short position at 11910 with leverage 25x and its been over a month. Amount of Funding fee i've got over 70% of principle (95% of funding fee was given to Short position). To use Compound interest, you should short 1x with funding fee whenever you get it.
I can close the position and take a profit but i still believe BTC breaks the strong support line which is 9310. Funding fee is like cash cow to me and i will not close the position until bitcoin doesn't break short term resistance line(for now it will be at 10410).
The risk you get
-Price variability when you transfer bitcoin
-Hacks
If you are not sure where bitcoin price goes, 1x short position strategy will be the best for you. If you have any question about this, leave a comment below.
This is my previous analysis chart
Comment:
Be careful if you are in Long position. There is still high probability that second wave could comes.