“Crypto trading strategies for beginners: a friendly approach to BSV and BTC”
As a crypto trader, you are probably not unrelated to the concept of diversification of your portfolio to minimize risks. A popular strategy is to use cryptocurrency pairs that have tended in recent weeks or months, such as Bitcoin SV (BSV) against its own room, Bitcoin Cash (BCH) or Ethereum (ETH). In this article, we will explore a trading strategy that integrates Popcat (Popcat), a pair of popular cryptocurrency that has gained ground.
What is Popcat?
Popcat is a pair of cryptocurrency that consists of Bitcoin SV (BSV) and the Stablecoin USDC. It is not an ETF or a contract eventually, but rather a pair on the market where BSV represents 100% of the total value of the popcat. This means that for every $ 1 popcat, there are 100 cents of BSV.
Why use Popcat?
Popcat offers several advantages to traders:
- Basque volatility
: The volatility of the popcat market is relatively low compared to other cryptocurrency pairs. This facilitates the input and output of transactions with a minimum risk.
- Limited power supply : With a fixed total value, the supply of popcat is limited. This reduces the probability of price handling or market manipulation.
- No in their uncovered sale : Since BSV represents 100% of the value of popcat, the uncovered sale (borrowing to bet on a drop in price) becomes useless.
Trading strategy:
Our trading strategy uses a “buy and maintain” approach with a twist:
- Buy Popcat at Low : When the market is low and the price of popcat falls below $ 500, we enter a purchase position.
- Stand for 30 days : We hold our positions for 30 days to allow the pair to settle and stabilize.
- Sell on the drop in prices BSV : If BSV falls by more than 10% of its lowest to 30 days, we leave our long position.
Trading rules:
- Buy Popcat only when it is negotiated at $ 500 or below.
- Keep 30 days to allow the pair to settle and stabilize.
- Sell a price drop of 10% in BSV compared to its lowest 30 days.
Notice of non-responsibility: This trading strategy is for educational purposes only and should not be used as an investment advice. Cryptographic markets are very volatile and trading has significant risks. Always do your own research and consider several sources before making investment decisions.
By following this negotiation strategy adapted to popcat, you can potentially benefit from the low volatility and the limited popcat offer while minimizing the risks. However, it is essential to remember that cryptographic markets are unpredictable, and even with a solid strategy, there is no guarantee of success.