We’ve been trading Forex for many years and tried tons of strategy and indicators with little success. The only way we’ve been able to make profit constantly is with the trading strategy we developed. It works for almost all instruments but especially well with Bitcoin. We trade exactly as you can see in the live bitcoin trading you can see on our YouTube channel. Our Bitcoin trading strategy is simple, we are using Fibonacci ratios plus support and resistance to identify area where the price will resume or break the current trend.
It is important to note that the bitcoin trading strategy we use to make money is not a buy and hold strategy. Even if doing so makes a lot of sense knowing the potential that the bitcoin price will be much higher in the coming years, day trading bitcoin with leverage will generate more profits. We take positions (BUY or SELL) whenever our unique technical analysis tells us that the current Bitcoin price will go up or down. We usually keep our positions open between 1 to 8 hours. Because we use the leverage offered by our broker, we can make huge returns even within small changes in the Bitcoin price.
Be warned that using leverage is risky so keep that in mind before opening big positions. Another thing and especially with Bitcoins, always use a stop-loss! Volatility can be insane and I can assure that it will. Bitcoin is a very special instrument to trade because of it’s nature. It’s a game changer in so many ways! It’s by far our favorite instrument to trade these days. Like it was not enough to get us addicted, the Bitcoin trading broker does not close on week-ends like regular Forex broker! We’ll need to find ways to get some sleep!