For everyone trading 10-minute event contracts, take a look.
When Bitcoin and Ethereum keep taking turns being stronger or weaker, here's what to do:
First, watch which one is stronger in the short term. Whether you prefer going long or short, trade the one that suits your strategy to greatly improve your win rate.
For example, when Bitcoin is strong, you'll notice that it drops much more slowly and barely moves down, while even a slight rise sends a bullish candle shooting up.
Conversely, short whichever one is weak, because it can't bounce.
Don't assume that shorting is easy just because the price is high, or that going long is easy just because it's low.
Especially when catching a rebound, the win rate for left-side trading is clearly higher than for right-side trading. Unless there's a breakout on strong volume, favor the left side.
Actually, a lot of you are probably getting whipsawed by this situation.
Don't get carried away. Don't get carried away. #BTC☀
When Bitcoin and Ethereum keep taking turns being stronger or weaker, here's what to do:
First, watch which one is stronger in the short term. Whether you prefer going long or short, trade the one that suits your strategy to greatly improve your win rate.
For example, when Bitcoin is strong, you'll notice that it drops much more slowly and barely moves down, while even a slight rise sends a bullish candle shooting up.
Conversely, short whichever one is weak, because it can't bounce.
Don't assume that shorting is easy just because the price is high, or that going long is easy just because it's low.
Especially when catching a rebound, the win rate for left-side trading is clearly higher than for right-side trading. Unless there's a breakout on strong volume, favor the left side.
Actually, a lot of you are probably getting whipsawed by this situation.
Don't get carried away. Don't get carried away. #BTC☀