nsj5cw

Bitcoin Range Strategy

BINANCE:BTCUSDT   Bitcoin / TetherUS
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.