"Make money whether it goes up or down"...Bitcoin experts' essential strategy for trading

▲ Virtual Asset Trading

It has been argued that investors who make money in the Bitcoin market are not those who predict bull or bear markets, but rather those who control losses and secure profits within a predetermined structure, regardless of whether prices rise or fall.

The cryptocurrency-focused YouTube channel Altcoin Daily emphasized in a video uploaded on May 5th (local time) that the first thought a Bitcoin (BTC) trading beginner should abandon is the question, "Is the market currently a bull market or a bear market?" The video pointed out that relying solely on predicting the overall direction is disadvantageous because the market repeatedly rises, falls, and consolidates, and the key is whether profits were actually made.

The video cited trading examples from Mindpillar Markets. The presenter introduced the channel as providing chart-based analysis, risk management, and execution strategies for the Bitcoin and cryptocurrency markets. In particular, DeWalt's trading method was explained not as a bullish view focusing only on rises or a bearish view focusing only on falls, but as a strategy that utilizes both long and short positions according to the chart structure.

DeWalt stated that profits were made multiple times even during consolidation phases. The explanation was that long positions were entered near lows to realize profits at highs, and short positions were entered near highs to secure profits during downward movements. The video emphasized that a more important criterion than "did you hit the bottom?" is "did you make money in that range?" It argued that even in market conditions where Bitcoin loses direction and remains stagnant for months, traders who can read the structure can create opportunities.

Risk management was also presented as a key rationale. DeWalt explained that after entering a long position near approximately $64,000, 50% of the profit had already been realized. This is a measure to protect the position in case the low breaks down again. In another trading example, the first major resistance level was targeted, a stop-loss was set, and a risk-to-reward ratio of 2.4 was explained to meet the minimum standard. The fact that some profits were secured at the Fibonacci 0.382 level and the next profit-taking zone was presented as approximately $75,200, near the Fibonacci 0.5 level, was also cited as a basis for a phased liquidation strategy.

The video emphasized that even when taking a long position, one should also prepare for the opposite scenario. DeWalt explained how to hedge with a short position, considering a bearish scenario where Bitcoin could drop to $63,000. The logic is that even if the price crashes and the long position is stopped out, the short position can partially offset the losses. The video concluded that the key to making profits in Bitcoin trading is not predicting direction, but rather the execution ability to pre-define entry price, stop-loss, profit-taking zones, and hedging strategies.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*