Hedge by LONG BTC while shorting alts
It appears that alt coins(any crypto currency other than Bitcoin) are following Bitcoins movements like they did 2017-2018. When BTC goes up, alts go up. When BTC goes down, alts typically go down with it.
I like to Long Bitcoin and hedge by shorting alts when we have this sideways action. When bitcoin pops it can move very fast so be ready to ditch the losing trade and ride out the winning trade. Watch for a major move during China's trading hours!
I like to Long Bitcoin and hedge by shorting alts when we have this sideways action. When bitcoin pops it can move very fast so be ready to ditch the losing trade and ride out the winning trade. Watch for a major move during China's trading hours!
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