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Bitcoin is now towards correction phase and the price may reach to $113K to fill the fair value gap. From the last 2 days we see that market is showing some weakness and also millions of dollars were liquidated within just few days.
There are some reasons for this market dip, one that US trade tensions and the new tariff announcements, another that investors are booking profit in this case. This profit booking and the lack of investors confidence has been the reason for the drop in price of Bitoin.
In every scenario, we must have a proper strategy if we want to earn from this market. This is very absolute that trading without strategy will end with heavy loss.
In this post, I am here with another trading strategy according to the current market scenario. What is the market scenario? Its confusing to tell about the market whether it will go up from here to towards downside.
The market is confused which makes confused all the investors, we dont know whether to invest or not. Keeping this case in eye, I have a best strategy where the loss is minimal.
Its very simple, we have to divide our money into 2 parts. let suppose we have total $1000. Divide the money in two equal parts that is $500 each.
What you have to do is open long and short grid positions at the same market price. Keeping the price difference and grids the same for the both long and short positions.
On the long side, keep 10% towards the upside, meaning if the price increases by 10%, then the grid should stop. And keep 90% towards the downside which keeps investing.
In the same way, on the short side, keep 90% towards the upside, meaning if the price keeps increasing, it keeps investing, and if the price comes down, then after 10%, sell everything.
This is the strategy which never ends in loss. You will be all time in profit. The worse scenario is that your short position will liquidate but on the other hand your long position will cover the loss of short position. The grid profits will be the bonus ones.
This is very simple strategy which will help you earn passive income and best suites in this scenario. I hope you will like it.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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