BTCUSDT SPOTEducation
Longer Term Trades Analysis
With BTC or altcoins being a coin that continuously goes up and down at a moments notice; it is always good to remember the trend to trade for a good profit overall over a long period of time. Trading spot is one thing but trading a perpetual contract is another. Going long on the six month chart from the six month chart to the twelve month chart is the best way to profit in the overall market I would say if you open a buy or sell limit contract. All you need to do is edit the take profit point and stop loss of each of your trade to prevent yourself from any loss and so that you can gain more profit if you know the actual trend if it is going to be a buy or sell without actually losing much profit to begin with. Go for placing a buy with a perpetual contract over the longer period of time and you will gain more profit than going with a shorter term spot trade. So in other words you place a buy on the six month if the trend on the twelve month is a strong buy and the six month is a buy as well or if the six month is a little bit of a sell and the twelve month is a buy then you can profit accordingly. Making longer term trades will grow your account size but always be sure to use risk management techniques like betting less than half just to stay safe with minimal drawdown of your account size. Just a word of advice for all you BTC or altcoin traders placing longer term trades. And always remember to use stop loss and take profit accordingly.
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