Bitcoin’s price action seems to be slowing down and preparing for a correction. With that, our 6hr 200SMA trading strategy is about to come back into play here as BTC is now riding on the moving average. I will avoid explaining how this strategy works again, but if you are unfamiliar with this strategy then you check out a write-up on it here.
If BTC closes below the SMA, I’ll close my long position and open a short position. And keep doing this as price action chops around the 200SMA until we have an impulse move again.
This nearly-effortless strategy has had us holding the same BTC position since September 2023, and with a close below the 200SMA will lock in over 60% gains since then!
Bitcoin’s price action seems to be slowing down and preparing for a correction. With that, our 6hr 200SMA trading strategy is about to come back into play here as BTC is now riding on the moving average. I will avoid explaining how this strategy works again, but if you are unfamiliar with this strategy then you check out a write-up on it here.
If BTC closes below the SMA, I’ll close my long position and open a short position. And keep doing this as price action chops around the 200SMA until we have an impulse move again.
This nearly-effortless strategy has had us holding the same BTC position since September 2023, and with a close below the 200SMA will lock in over 60% gains since then!