Bitcoin Forum

With the hopium expected to be at the premium beginning this month (October), it's the time traders look out for opportunities to win big. I've seen so many analysis on different platforms but with less discussion on strategy.
For me, I believe this is certainly not the time for DCA, or swing trading. I rather do some leverage trading, especially on derivatives (of course there's need to choose exchanges with good liquidity) and employ good risk management including batch trading to periodically take profits.

What's your thought though?

I believe this is necessary to prepare us for the "summer" haha

The market is not here to satisfy you and all participants. If most of people in the market think October will be Uptober and a chance to win big, you need to know that risk is high too. Be prepared for a Downtober as well and if you ignore this risk, and only think October will be up and chance for win big, you will have risk of bet big and end with big loss.

DCA in a bull run is very good, because you buy and price rises higher. Why is DCA strategy is not good in a bull run?

Leverage is always risky in any market, bullish or bearish, it's always risky trading style.

Because in any market, either bullish or bearish, there are liquidations, and you will see market squeezes like Short Squeeze or Long Squeeze. If you bet with leverages, you will be liquidated with Short squeeze and Long squeeze.

In a bull run, trading with Spot is not best too because you can not find highest price in a bull run, or a bullish wave, so you will end your trading with buy low, sell high but not highest, and when you buy back, you will buy at higher price than your exit. It causes an unexpected result, you trade and lose your bitcoin.

Swing trading and DCA are mostly the best for me now and that is because they may not get strongly hit by volatility just the way spot and derivatives would, currently the market have been undergoing some sort of volatility that has been causing some extreme directional movements if you bare trading derivatives. But then with good risk management I believe almost any way can work fine, as for me good risk management is always ultimate.

Bro if you are long-term holder then DCA strategy will be the best option for now not only just now it is always best for risk management in the case of crypto investment.

I personally think that the time we are in trading is very risky for big investment, because currently market can take any turn like the dump and the pump but those who have good knowledge of technical analysis can now take the benefit of short term trading but for those who know less about technical analysis, long term bitcoin investment. There may still be an opportunity.

I agree with others, DCA is clearly the best method and shouldn't be really questionable because you are going to get a lot. However, it is technically not a trading method but an investment method because with DCA you are not buying and selling all the time, you are just buying more and more and holding. I think the best method of trading would be just getting in and out everyday, day trading.

This would allow a person to grow their capital over time, enter cheap in the morning whenever you find a chance, check the EMA or BB or even support/resistance points, and you should be able to get in cheap, and get out at higher and do this everyday during bull period. It will allow you to make a good amount of money without a doubt. Many people look for more details because they think making money can't be this easy, but in reality making money is this easy, takes time and requires patience but you can definitely make money using this method without much trouble.

It just depends on the trading strategy you are good with but instead of those you mentioned and if you don't still trust the market it's good implore the DCA method as few people has already mentioned and suggested, though the other trading methods required you to have enough capital to be able to hold a long position for longer time, if you aren't that sure if the market just buy the idea of venturing in DCA to enable increased your portfolio gradually.

Swing trading requires a whole lot of patience, so if ones psychology isn't strong..they won't be able to pull it off.. anways for me, i dont get greedy and I'm strict when it comes to cutting losses. Also testing yourself against other traders in competitions like this BG trading showdown  (https://www.bitget.site/support/articles/12560603816042) is advisable imo for your psychology imo.

Isn't it DCA's time?
Are you sure about that statement? Even right now the price of Bitcoin continues to fall and it is the best opportunity to start buying back gradually or DCA and you will just waste it.

Hopefully, with leveraged trading, you can control the market and earn more profits.
Everyone has their own strategy and trading style and I certainly don't like you, I would probably be more free to use DCA strategies and manage them well.

In the end, each cheap purchase will provide a profit when the price starts to rise and the main price target is reached.
There is no best strategy, but when is the best time to start entering and exiting the market, that's all I think.

For a long term bitcoin holder I think this one of the best periods to do a DCA. Personally i will say if one has money they should simply just do a Daiy DCA because this could be the last time to get some kind of discount price on bitcoin before the bull run. But the thing is the profit wouldn’t be an immediate one and it seems this isn’t what OP wants at the moment, he wants to make quick profit which the both swing trading and the long term holding wouldn’t give him now.

I will say leveraging on futures will actually make one some profits easily and also make one loss easily too. With the futures or perpetual trading one can easily Just scalp in either a short trade or long trade which is not possible with other trading options. There are people currently Making money by shorting this bitcoin market since the beginning of the war so it is not bad for OP to try it out but I will warn him trading is the quickest way to lose your money it is more like a gamble and even worse without proper risk management

just keep buying the dip.

nobody in the market know what BTC gonna be in a month or more, some say we are in bearish some say we are about to breakthrough and get massive rally.
but in all honesty, what's this chart in 1W time frame supposed to be?

https://imgvb.com/images/2024/10/04/0a80c8a79ea7fe857bce065350e7a389.png

I'm sure everyone is confused as heck, but in my opinion, as long as you keep buying the dip well below the entry of institutional investors you are safe. i'm doing the same too.

DCA is a good strategy that works with any market phase because with this strategy, when you apply it, you don't aim at short term profit and you more focus on long term. Long term contextually means longer than one or two phases of market, that's how long term investment is.

You can test difference of DCA in bull and bear market by this https://dcabtc.com

First one is my test with 1 year DCA, since the last 1 year when bull market starts.
https://dcabtc.com?sd=2023-10-04&sda=1_year&f=weekly&d=1_year&ac=1000&c=false

Second one is my test with DCA for last 3 years, since 3 years ago when 2021 is a start of bear market.
https://dcabtc.com?sd=2021-10-04&sda=3_years&f=weekly&d=3_years&ac=1000&c=false

ROI comparison is 27.42% for first case, and 104% for second case. Do you see difference now?

I thought this was the most interesting time to swing trading and to scalp trade, the market price just going up and down is such a good opportunity if you swing trading with high leverage, the price always bounced back fast and by buying the sharp dips, you can easily make hundred percent profits or even more.

but always on the lookout of market break out, I think we've past the time where we can swing and scalp comfortably, because it's more or less the time for BTC to make breakthrough, we've been too long stuck ranging around $50k -$60k.

maybe DCA as you mentioned, is still the best way.

This is still a good time for DCA for investors. For traders, they can use a strategy hit and run which means you can enter to the market, buy the coin and wait for a while and if you see the price increase, you can sell it immediately. No need to wait for some time and hopes the price will increase so high because that will not always happen. So you can just take your profit while you can and enter to the market again.

If you can do that many times, your profit will be bigger. Not mention about the price increasing suddenly which can give you bigger profit because that could happen too. What you needs to thinks is how much money you can use to trade and not tempting to make a bigger profit if the market situation is not good.

Simple: holding spot, and not using more than 5x leverage.

This is pretty evident by just looking at how many upward and downward spikes coins and tokens had recently, that liquidated a lot of people who used high leverage.

If you are just starting, do dca. If you are already sitting on a good chunk of assets, do nothing wait for a crash so you can buy more. I am not really the fan of the word “trading” as long term hodlers are also traders but they make their trades a lot less frequently. If you want to be a trading freak who does 100 trades a day, you don’t need to ask us anything because you will lose your money to the whales anyway.

Sometimes doing nothing is the best trade. In fact, most of the time that’s the case.

It is true that historical data says that October is a bullish month, but it is not necessary for the price to explode or for us to see $100,000 or any real increases because historical data says that apart from the events that may occur in October or current interest levels and the possibility of an increase in oil prices.

In general, the price may tend to contradict investors' expectations.

Lets give the market sometime before we begin to start trading, many traders expect October to start with the market rising but it's dipping right now and  people are getting disappointed. We are still going to have a good month in October so we should not be disappointed yet but do not join others in panicking. What I think is happening is the market trying to let go of all the weak hands before we begin to see the market becoming bullish. I do not think we should stop thinking about DCA, DCA does not only work in bear market but can also be helpful in bull market as during this times too the market also gets some moment when the price of Bitcoin will dip for sometime. You can use those opportunities to keep buying Bitcoin in preparation for what is ahead in 2025.

5x leverage is very risky with people who don't understand about this market and risk of leverage and liquidation.

They will learn many lessons together with losses to know that "Saying no with leverage is better". I agree with your warning that leverages above 5x are very risky but it does not mean 5x leverage and lower are zero-risk. Amateur leverage traders will easily lose control and increase the leverage, and bet more, then collateral value is not enough to control risk.

Don't use leverage is the best for amateur traders, if they don't want to lose most or all capital and end with empty hands.

If you’re looking for the perfect trading strategy, OP, sorry to break it to you, but you won’t find it. No matter how many discussions we have, it just doesn’t work that way because we can't control price movements. There’s no one-size-fits-all strategy. That’s why we need to create our own approaches that we think will work in a given situation. That is why we can say that trading is a continuous learning process. Old strategies might not be effective anymore in today’s market conditions, for which we need to innovate and adapt. And we’ll keep doing this while we are trading!

If you think that it's best to do leverage and futures, that's you and keep it up if you're profitable with that. Strategy that works for you might not work for the others and vice versa for me and you. And that's why if it's not the best to DCA then just hold for those that are feeling that it's risky to do some trades. Like those stagnant ones, don't feel well to trade. There's no need to hurry and make yourselves involved in trading. Hold if that's giving you peace of mind while waiting for the peak to come. It's not a requirement to do some trades for one to make a profit. It's enough that you're able to keep some and just patiently wait until the right time comes.

If you see and monitor the development of the crypto market, especially in trading, if you ask the best strategy to do in crypto trading, for me spot trading is the best and can be profitable, if you understand spot trading methods and strategies.
Bitcoin price in the last 24 hours was at $59,878 and rose to $61,737, automatically you have pocketed a profit of $1,859, in a matter of 24 hours, and so on.

So, from my perspective, in the last few months Bitcoin has gone down and up as I said, the difference is between $1000-3000, so for me spot trading is the best strategy at the moment.

In addition to using the spot trading method, it can also be combined with a DCA strategy or doing scalping or swing trading.
All of that can be combined.

I would usually do a DCA to buy gradually when the price of Bitcoin starts to drop and not just on buying bitcoin,
but some of the top altcoins that have potential for the long term or that have large volumes to scalp.

Spot method and then determine whether to use a scalping or swing trading strategy,
usually for fast trading I scalp so that profits will be obtained quickly,
but you have to really know how to do analysis so that you know when to enter and when to exit.

DCA is an investment strategy, not a trading one, which implies long-term accumulation of a position. October is considered one of the best months for market growth, but September has always been considered one of the worst months, and what did we get? You see how this cycle is not similar in details to all the previous ones, ATH before halving, the best September for Bitcoin, so who knows, maybe October will not be like we are used to seeing it. But a trading strategy should not be tied to a separate month, I think this is a false belief.

There are np strategy are perfect and guaranteed to give you a good return. Also if you set up welly every strategy will be perfect. However you were saying about the season and i think we need to make it now as we are in summer and q4. Though Q4 is well known as downtrend after having a good uptrend past still its a good chance if nothing strong happen in the past.I am holding my asset and DCA for now and hope i will get a good move and exit soon with a good profit. I think it’s the best strategy for me not for one.

There isn’t a one-size-fits-all trading strategy, especially in a season marked by volatility and fast-paced market movements. However, some strategies can help you navigate the current conditions:

Dollar-Cost Averaging (DCA): With uncertain market trends, spreading out your investment over time can help reduce the risk of entering at a high point. This strategy works well for long-term investors looking to build positions in solid assets without worrying about short-term price fluctuations.
Swing Trading: If you're more active, swing trading allows you to capitalize on short- to medium-term market movements. It involves identifying price trends and trading based on price "swings" between support and resistance levels.
Hedging: For those worried about potential downturns, hedging with options or other assets like stablecoins can provide a safety net. This is especially relevant during times of heightened volatility.
Diversification: In uncertain markets, spreading investments across different asset classes or sectors can help balance risk. A diverse portfolio can mitigate the impact of poor performance in one area.
Remember, market conditions can change quickly, so it's important to stay informed and adapt your strategy accordingly. Always consider your risk tolerance and goals before making any trading decisions.

Many people plan to use different strategies to make quick profit in the market around the bull run. But there is no guarantee that everyone will be successful. Some experienced traders try to hold their assets after doing a good research. But there are many who are not willing to take the risk. Because they think the market may not move the way it is supposed to. Rather, according to expectations, it may move in the opposite direction, which is not guaranteed. But considering the recent issues, if we only use DCA strategy especially holding Bitcoin, then whether the market is bullish or bearish, the Bitcoin portfolio will continue to grow and a significant return is definitely possible in the bull market.

Well, you have to follow what works for you, but for me, my trading and investment plans always work for any season. If you are trading the leverage/margin style, just regard the risk involved, that's the main deal here. Still, I share in your opinion that it is not the time for those common DCA strategies, but not about swing trading, it's always a way to trade and invest if you know how to do it rightly. It would have made enough people who are even investing in Bitcoin rich this year if they opted for it instead of the DCA approach they always say.

Spot is very easy and like one of the most safest ways of trading your assets and when you want to go advance the individual can actually consider trading futures but when you want to go easy and smooth for the main time then going for spot will be best to comsider and it is also profitable as you said but you know most times people always want to make extra cash they want something more than profit. And the short analysis you made is very impressive and it is something that is clear for every one to understand, because futures is more of gambling and if you are losing your money then you are losing everything. And I agree with you that spot trading is just the best strategy even for beginners, the. Anyone that wants to to advance can do more study and then consider futures since that's beyond spot.

Isn't spot trading a type or variation of trading only? So it's not something that we can considered as a strategy. In spot trading, there is rather a strategy, and that strategy can be buying at lows and selling at highs, or buying at highs and then selling at highs as well. The OP is asking, so he doesn't understand it yet and we never know that a strategy is best if we don't figure it out ourselves.

On your first example there, I think it can also be done through investing (preferably a short-term one) but in fairness the profit you have shown there is already good enough even for the short term, although it only requires us a full BTC investment/amount which may not really be accessible for an average individual. This is what they say that huge risk will also lead to huge rewards but that is still not advisable because what if it fails, right?

We will then face a huge loss too that can be unbearable for us already. It's not only in your perspective and not only limited to last few months but BTC can really have that up and down movement even at most times. Hence this is why it is called as a highly volatile crypto. Overall or like I said earlier, spot trading is I won't say the best strategy but it is the best policy for those who are still starting in trading.