BTC can go up or down, profit either way. Here's how...
Please know that this idea is generally not for long term investors, but for margin traders (using Bitmex pricing).
The thing that gets me about most traders is that they only set someone up for only one way to make profit... But what if there was a way to pretty much guarantee profit regardless of BTC going up or down? But how?
Cliff notes:
BTC has historical price levels. It almost ALWAYS plays by those historical values. The trick is finding the prices where its outside of its "low volatility" zone - meaning, it's trying to make up its mind if it wants to go up or down... High volatility areas are where the most profits are made, and in these high volatility zones, it will generally swing quite a bit before it gets into what I call an established previous price point where it can decide where it wants to go next. The trick is to find these high volatility zones and leverage them for max profit. These zones of low volatility are its support and resistance, if it breaks outside of them, it becomes very volatile trying to establish its next decision point.
So in this chart, I've set up ranges where if BTC goes outside of its comfort zone, you'll be able to make max profit by leverage.
Stick to the prices just outside of the resistance and support because the market has been known to play tricks to make the average trader think its going to do one thing and then go the complete opposite way. So you want to enter into a margin trade somewhat outside of those decision price points, because after it leaves those levels, it has made a decision that its either going up or down. But to ensure a safer trade, we only start trading a little bit outside of those zones.
Very tight stop losses in case it goes sideways. Max leverage: 100x.
The thing that gets me about most traders is that they only set someone up for only one way to make profit... But what if there was a way to pretty much guarantee profit regardless of BTC going up or down? But how?
Cliff notes:
BTC has historical price levels. It almost ALWAYS plays by those historical values. The trick is finding the prices where its outside of its "low volatility" zone - meaning, it's trying to make up its mind if it wants to go up or down... High volatility areas are where the most profits are made, and in these high volatility zones, it will generally swing quite a bit before it gets into what I call an established previous price point where it can decide where it wants to go next. The trick is to find these high volatility zones and leverage them for max profit. These zones of low volatility are its support and resistance, if it breaks outside of them, it becomes very volatile trying to establish its next decision point.
So in this chart, I've set up ranges where if BTC goes outside of its comfort zone, you'll be able to make max profit by leverage.
Stick to the prices just outside of the resistance and support because the market has been known to play tricks to make the average trader think its going to do one thing and then go the complete opposite way. So you want to enter into a margin trade somewhat outside of those decision price points, because after it leaves those levels, it has made a decision that its either going up or down. But to ensure a safer trade, we only start trading a little bit outside of those zones.
Very tight stop losses in case it goes sideways. Max leverage: 100x.