Sharing my BTC strategy for bear and consolidating markets

[ice098]

If you stick with bitcoin, no research is needed. Just active trading using a very clear and structured system that has been thoroughly tested. That is what we are doing with the strategy mentioned in the OP.

Yup! Or the OP may do some short trade too if he wants. But be sure that in every short trade that you are doing ,you are gaining some more of the amount you invested or more than the amount you bought that coin. Do some day trade, it will increaae your coin price in this bear market.

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[Superalgos]

So what do you guys think? Have we seen the end of the correction starting after the 2019 high in June?

[Superalgos]

Trading channels I follow are split between the possibility that bitcoin might continue the rally started in April, or deepen the consolidation. Neither of my two strategies are signalling either for the time being...

[adroitful_one]

So what do you guys think? Have we seen the end of the correction starting after the 2019 high in June?

I think the price will slowly trend upwards until after the halving. When the halving happens, it will shoot up. I saw a chart of the complete price history of Bitcoin and this has been the trend all the way since the beginning. There's always a slight rise in price shortly before the halving, but for whatever reason, we really don't get into full bull market mode until shortly after the halving. I don't know why. Seems like the price rising would happen before the halving with all the hype.

[Golstrim]

During market consolidations you can use your own strategy like trading in range. Most of traders have 2 types of strategy, for trends and for ranges. The biggest issue is to determine  trend and realise when consolidation is over. You can set up price zones in consolidation and open short from higher zone and open long at the bottom

[bitgolden]

So what do you guys think? Have we seen the end of the correction starting after the 2019 high in June?

I think the price will slowly trend upwards until after the halving. When the halving happens, it will shoot up. I saw a chart of the complete price history of Bitcoin and this has been the trend all the way since the beginning. There's always a slight rise in price shortly before the halving, but for whatever reason, we really don't get into full bull market mode until shortly after the halving. I don't know why. Seems like the price rising would happen before the halving with all the hype.

It might and it might not, I usually don’t base the increase of bitcoin on some of these fundamentals, I know that they could have an impact because of people's believe, but not because it is actually a formula that must surely work, the effect of halving on bitcoin is really under probability, it depend on how people really accept the news.

If people believe that bitcoin halving will have an effect on it, then there is tendency that people will want to start preparing to benefit from it by putting money from a little way to a big way and the accumulation of these coins are what will usually lead to a very high increase of the coin either before or after the halving, the only thing that I am quite sure of is if bitcoin consolidate, altcoins will surely have an increase of their own value.

[SummerBliss]

The market is suffering loss as btc is witnessing downfall but i disagree with you that its not the worst fall as we have seen dump situations to much deeper level compared to current situation.You can have profits in bear market also if you have trading skills and you can be benefited from it.For me its time to buy btc as prices are low and then hold it until satisfactory returns are promised.You can try to earn coins by working for projrcts and then simply convert it into btc.Any way you prefer.

[Hypnosis00]

The market is suffering loss as btc is witnessing downfall but i disagree with you that its not the worst fall as we have seen dump situations to much deeper level compared to current situation.You can have profits in bear market also if you have trading skills and you can be benefited from it.For me its time to buy btc as prices are low and then hold it until satisfactory returns are promised.You can try to earn coins by working for projrcts and then simply convert it into btc.Any way you prefer.

It looks like trading is easy for you but if you tried it personally, you can actually feel the stress when the market as its downtrend. There is no problem when the market is bullish but what it makes hard and even expert traders feel the same when the market turns like what we have today.

BTW, holding isn't a work of a trader, traders never hold so long, they keep on the trading day by day unless you are just a holder not a trader.

[nasipadang]

Bear market = make money by shorting bitcoin
bull market = make money by longing bitcoin

It is as simple as that! Remember that we complicate trading because we think we need to know more about the market in order to make more.  But that's not true. Technical analysis is giving you an edge over the market, risk management limits your losses and emotional control makes you stick to your edge and risk management principles.

Well... you nailed it. It is that simple.

The only issue is knowing when to do what. That is where a properly structured strategy comes in place.

Both need each other OK, when and what we should do is really needed, and with technical analysis and risk management make you understand what strategies to use. I have studied management & business statistics classes, where management and what needs to be done must really go together, almost the same as in trade in my opinion, the point is how we make profits from various conditions and from the graph, what you do is indeed great.

[Murat]

My opinion is very straight, If you want to make a profit then you have to wait for the suitable moment, I think Bitcoin holding is the best way to make fulfill your desire, Whatever the current context, don't be panicked and worried about the price, I also think that you have to control your emotion as well, if you want to start trading then decision is yours, I think when the market is vulnerable then trading is too risky to make a profit, So holding is a very safe and secure investment, just wait for the moment and gain what amount you want, if you want to take a high risk then trading would be perfect for you during this market consolidations.

[traderethereum]

It is hard to make a profit during this month if we cannot be careful to determine the entry price to buy and sell.
The price seems moves to anywhere, and sometimes the price is down in the next minutes without notice.
But behind that, I think we still have a chance to buy bitcoin at a lower price, especially if we can analyze the price to find a good time to buy bitcoin.
Like this day, we have a chance to buy bitcoin at $81xx and wait for a while until the price can reach $82xx.
But unfortunately, no one will know if the price can reach that price, and that makes many of us decide to sell bitcoin too early when the price starts to increase.
I think that will be okay, especially if we can get another good time to buy bitcoin so we can sell when it increases again.

[Shasha80]

Everyone wants to profit when any market conditions are no exception when the market is consolidating, which we have to do with current market conditions must think calmly do not panic. The first tip is to do short-term trading when the market is like this, although a big risk because the price of bitcoin can go down at any time remain confident of doing a careful analysis so that it is right to determine buy price. The second tip, just take a thin profit of around 1%, so that prices do not go down again, so when it sells, the profits go straight even though the profit is small. And the third tip is always on the lookout for unusual price movements, then you will be able to read the market which way price will be going. Do not let sell too fast, must be able to determine the right moment to sell.

[el kaka22]

The best case you can do is to have stop loss and also a buy order at the lower prices, say right now it looks like $8k is a strong point but if it were to go down that we can assume you can still profit, how?

Simply just put a stop loss at around $8100 or whatever you feel like comfortable, these numbers can change according to market prices whenever you want to try, when bitcoin goes down like 5% or so it usually goes down even further. Anyway if your stop loss is triggered than you will be all in cash and no bitcoin, so what do you do next?

You put up a buy order at $7700 first and use only about 50% of the money you just got from the stop loss, if another day or two passes and the price is around the same you buy with the other 50% as well, if it keeps going down than you buy from the new bottom.

[carter34]

If you stick with bitcoin, no research is needed. Just active trading using a very clear and structured system that has been thoroughly tested. That is what we are doing with the strategy mentioned in the OP.

I believe this too. This I think TA will do if you keep to a long time frame like weekly or monthly candle close. TA will give us such clear direction to market except few times when a strong fund come.

[darewaller]

My opinion is very straight, If you want to make a profit then you have to wait for the suitable moment, I think Bitcoin holding is the best way to make fulfill your desire, Whatever the current context, don't be panicked and worried about the price, I also think that you have to control your emotion as well, if you want to start trading then decision is yours, I think when the market is vulnerable then trading is too risky to make a profit, So holding is a very safe and secure investment, just wait for the moment and gain what amount you want, if you want to take a high risk then trading would be perfect for you during this market consolidations.

When it comes to bitcoin investment and trading, I think that people should always relax their mind about this coin because it is as reliable as anything good. Every bear market of bitcoin is a blessing, while its bullish trend is also a blessing, so we should not be seeing the price fall of bitcoin at any time as a sad moment.

It should be a moment where we should buy and then sell when it is high and anytime that we feel we have made mistake in buying, we should just leave that particular investment to correct itself as bitcoin continues to function well while we move on with the other investment. Anytime that I see bitcoin dip, I usually do not panic which I still expect more dip in price soon, and if bitcoin falls again, while people are scared and counting it as bear market, I will keep buying it.

[jrrsparkles]

My opinion is very straight, If you want to make a profit then you have to wait for the suitable moment, I think Bitcoin holding is the best way to make fulfill your desire, Whatever the current context, don't be panicked and worried about the price, I also think that you have to control your emotion as well, if you want to start trading then decision is yours, I think when the market is vulnerable then trading is too risky to make a profit, So holding is a very safe and secure investment, just wait for the moment and gain what amount you want, if you want to take a high risk then trading would be perfect for you during this market consolidations.

When it comes to bitcoin investment and trading, I think that people should always relax their mind about this coin because it is as reliable as anything good. Every bear market of bitcoin is a blessing, while its bullish trend is also a blessing, so we should not be seeing the price fall of bitcoin at any time as a sad moment.

It should be a moment where we should buy and then sell when it is high and anytime that we feel we have made mistake in buying, we should just leave that particular investment to correct itself as bitcoin continues to function well while we move on with the other investment. Anytime that I see bitcoin dip, I usually do not panic which I still expect more dip in price soon, and if bitcoin falls again, while people are scared and counting it as bear market, I will keep buying it.

Its more like investor's thing or long term traders thing but when it comes to short term they should stick with some strategies or they will lose capital.Most traders just buy and sell and really don't know what is happening on the market and some other believes TA will work for them so they will take huge risk by all in but we should never trade everything we got in short term,we have to concentrate on making profits with less capital and hold the remaining for short term trades.

[Wysi]

My opinion is very straight, If you want to make a profit then you have to wait for the suitable moment, I think Bitcoin holding is the best way to make fulfill your desire, Whatever the current context, don't be panicked and worried about the price, I also think that you have to control your emotion as well, if you want to start trading then decision is yours, I think when the market is vulnerable then trading is too risky to make a profit, So holding is a very safe and secure investment, just wait for the moment and gain what amount you want, if you want to take a high risk then trading would be perfect for you during this market consolidations.

When it comes to bitcoin investment and trading, I think that people should always relax their mind about this coin because it is as reliable as anything good. Every bear market of bitcoin is a blessing, while its bullish trend is also a blessing, so we should not be seeing the price fall of bitcoin at any time as a sad moment.

It should be a moment where we should buy and then sell when it is high and anytime that we feel we have made mistake in buying, we should just leave that particular investment to correct itself as bitcoin continues to function well while we move on with the other investment. Anytime that I see bitcoin dip, I usually do not panic which I still expect more dip in price soon, and if bitcoin falls again, while people are scared and counting it as bear market, I will keep buying it.

Its more like investor's thing or long term traders thing but when it comes to short term they should stick with some strategies or they will lose capital.Most traders just buy and sell and really don't know what is happening on the market and some other believes TA will work for them so they will take huge risk by all in but we should never trade everything we got in short term,we have to concentrate on making profits with less capital and hold the remaining for short term trades.

This can be achieved by having a proper plan by fixing a margin for buying and selling rather than randomly doing it and it requires  the trader to first fix a realistic figure to trade for example if I bought bitcoin at $8k then I would prefer to sell it at $8500 and then buy back should be fixed at $7900 this will the patter I would follow and when it comes to other altcoins as well as we need to set a flow chart sort of thing for this about the buying price and selling price only then we could earn else we will end up losing capital,  this plan might not work for short term.

[jrrsparkles]

This can be achieved by having a proper plan by fixing a margin for buying and selling rather than randomly doing it and it requires  the trader to first fix a realistic figure to trade for example if I bought bitcoin at $8k then I would prefer to sell it at $8500 and then buy back should be fixed at $7900 this will the patter I would follow and when it comes to other altcoins as well as we need to set a flow chart sort of thing for this about the buying price and selling price only then we could earn else we will end up losing capital,  this plan might not work for short term.

IMO,this is short term plans,we should not buy and sell the again buy when we wanted to be long term investors but if we stick with our margin don't care about the waiting period then its good for short to mid term traders.For the people who wanted to trade very often they should be strong in FA and TA then only they can get better idea about what they should do.

[gabbie2010]

If you stick with bitcoin, no research is needed. Just active trading using a very clear and structured system that has been thoroughly tested. That is what we are doing with the strategy mentioned in the OP.

I believe this too. This I think TA will do if you keep to a long time frame like weekly or monthly candle close. TA will give us such clear direction to market except few times when a strong fund come.

An experienced trader is equipped with adequate TA analysis using a higher time frame as a point of reference that trader will successfully trade bitcoin irrespective of whether bitcoin is in bullish, bearish and ranging mode the ability to spot areas to buy or sell is the crucial point in trading bitcoin however ordinary trader with little knowledge would just buy at low and wait for a period when the price has pumped this might take a longer time to make profits.

[adroitful_one]

Exactly. Even during market consolidations, there's still plenty of opportunity to make a profit trading. It doesn't just drop straight down. There's still a lot of volatility to play with during a downturn. Just don't play a longer term strategy during a downturn. Focus on something more immediate. Unless you plan on holding long enough for the consolidation to be over with, which could take a few years.