A simple and effective Bitcoin strategy

For many people, stock trading seems like something incredibly complex and only accessible to Harvard or other prestigious university graduates.

This isn't surprising, as most trading strategies are surprisingly complex and intricate.

But in fact, there are simple trading options that guarantee a profit even for beginners.

Moreover, these strategies work well not only in Forex or stock markets, but also for digital currencies.

It can be used for trading Bitcoin as well as other digital currencies. I once managed to make good money with it on Ripple and Litecoin.

Buy and hold strategy for Bitcoin

This strategy was widely used in the stock market in the 1980s, which is not surprising, as stock prices were steadily rising at the time. What could be simpler than buying low and selling high?

The essence of "buy and hold" is to find an asset at a discount, buy it, and then simply wait for the price to rise. The relevance of this strategy has been discussed at http://time-forex.com/interes/pokupay-dergi

Currently, the most suitable asset for this strategy is Bitcoin. This cryptocurrency isn't constantly growing, but it is very predictable and always rises after a decline.

Now let's move on to the essence of our Bitcoin strategy. To understand everything, just look at the BTCUSD chart:

It clearly shows price dynamics, and how they usually rise after reaching their low. This means you can set a pending order or simply wait for the planned entry point and make a purchase.

How can we determine what the next low for Bitcoin will be?

Judging by the chart, this minimum will likely be near the $5,000 mark, at which point it's already possible to buy.

However, you may have to wait a long time, so try to learn to evaluate the news and the situation that triggered the downtrend . This will allow you to find a good entry point without waiting for the price to reach a global minimum.

For example, an event like a pandemic caused the Bitcoin price to halve, while less significant news would have a lesser impact on the price, causing it to fall by only a few dozen percent before starting to rise again.

The key is to remember the current minimum of $5,000. If you buy at a higher price and the price then begins to fall again, it's best to close the trade and wait for a reversal.

It's best to sell when the price reaches $9,000, or even earlier if you notice a change in the existing market trend or the release of important news.

As you can see, there's nothing complicated about the Bitcoin trading strategy.

The only drawback of this exchange trading method is that it's designed exclusively for patient investors. You should never rush into a purchase, even if you risk missing the next low.

When trading this strategy, it's highly recommended not to use leverage greater than 1:5, as the Bitcoin trend tends to have large corrections, and the strategy requires maintaining a trade for a long time.