Hallo,
This morning
BTC lost 600$ , and now move around this support. We suggest to hedge position (expecially if you are in profit yet).
Follow our sheme:
A) We suppose you have 100
BTC (bot work the same with 100.000 satoshi too
)
B) You would preserve FIAT value (so 60 k $)
What you need to do:
1) Sell 20
BTC (20% of your asset) and hold 80
BTC2) Go short on leverage 5x using these 20
BTC3) Take Profit on leverage position @ 500$ & Put Stop loss on Holding
BTC @500 $ too
4) Stop Loss on Leverage position @660$
This is a simply Hedge position that preserve your
BTC value at a cost of about 3 % (spread + net loss)
But there are lot of hedge strategies: let us work for you, take a look on
www.bitib.eu or PM me
Though the OP is selling something, would you be able to explain this hedging strategy to me like to a 5-year old? I'm interested in bitcoin hedging strategies in general. Wrong thread?