How neutralize BTC price movement.

[bitman007]

Hello Friends , Hope all enjoying in crypto world and learning daily new things as knowledge is only key to success in crypto world , 

Lets imorove some knowledge in Altcoin Trading with Bitcoin , i am sharing some inportant points that may be helpful in takeing decision in trading .

==>> Many #altcoins are traded against #BTC only. If BTC drops, you lose performance.

To avoid this we hedge our positions if trading Alt/BTC:

1. Buying 1000 Alts for 0.1 BTC
2. Open short position for 0.1 BTC

By doing so we neutralize BTC price movement.

==> Basically essentially you are playing ALTUSD cross and neutralizing BTC in the process. It’s best to check USD chart in trading view even if USD is not paired. TradingView offers USD charts for many ALTs

==>> It's a matter of trade management. If stopped out in an Alt/BTC pair at night you may remain with falling #BTC in your depot for a few hours. Having nice dreams in the meanwhile...😴💸 and It’s interesting but those ALT/USD levels work too even when in reality it’s just a dummy chart prepared by TradingView. So check it out. By checking these artificial ALTUSD charts at tradingview you can easily discover hidden losses due to dumps of BTC at a glance.

Thanks : Wish you good luck