Bitcoin Range Strategy

21 ביוני 2021

With little idea of where Bitcoin is going in the short term I wanted to get your thoughts on this strategy. The area in green represents the Buy region, conservatively covering all recent supports of BTC/USDT and the red region represents the Sell/Short region, conservatively covering all recent resistances of BTC/USDT. Buying at the top of the Green region and selling at the bottom of the Red region results in 6.5% profit, and will like 4 or 5 days to achieve. Might give this a try with 1/5th of my portfolio and HODL worst case scenario.