BINANCE:BTCUSDTPERP   Bitcoin / TetherUS PERPETUAL FUTURES
How I will attempt to straddle BTC using the "wheel" and come out laughing while it rounds a cup, or crashes back to a 50% retrace.

This is an attentive strategy and hardly passive requiring a bit of sweat. Basically I am willing to risk all the funds I lay down here to liquidation.

Binance offers two products, the USDT and BTC inverse futures perpetual.

This is the "wheel":
a) only long with the BTC asset inverse perp and only short with the USDT asset perp.

b) enter and exit your positions on a grid and ensure you have deep enough pockets to entry ratio to make it to a reasonable safety.. Increase entry size with distance from position price to current price to drop your position price faster than average.

Today I will be using 37x leverage and minimum entry with a slight doubling down played by ear.

Reasonable long safety is 22879 and short would be high 35k up to ATH

I'm already half motion with my wheel so I will give this as a starting example.

Start straddlin'
Trade active: ok so entering longs and shorts on grid and upon position entry setting reasonable grid exit target to cover fee and then some. so about 500 bucks at this height further than position size.

The "wheel"
shorts make USDT that can buy cheap BTC to add to the asset pool / equity and safety of the longing BTC inverse perp and spinning the other way profitable longs make Expensive BTC that can be sold (always on grid for DCA fans) to feed the shorting account. Perpetual motion if it were not for fees and user clumpsiness (that sometimes works in your favour)..

I was too long writing this, its just an example anyway. Mini all going well target is the cyan axis we just come back from.
Comment: We are back to the axis after grid exiting up over 32k.. the wheel keeps spinning. reentering below axis for 600+ grid exits.. short side in usdt is exiting from 32k+ entry grid.

World keeps turning
Trade closed: target reached: Obviously when playing the wheel, it is a 24/7 game but this cycle and post ends here as price reached cyan axis target.
Patience and Money Management is 99%
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