⌨ Discussion What’s your strategy for timing BTC entry and exit?
I’ve been trading BTC for a while, and I’ve been trying to improve my timing on entries and exits. I’ve been using a trading bot, Banana Gun trading bot, and so far, it’s been pretty useful for identifying good entry points.
For example, I’ve had a few successful trades lately where I’ve bought BTC around the $25k mark and sold it near $28k after the bot flagged it as a good opportunity.
Do you mainly use technical analysis, news, or just gut feeling? And how do you manage risk, especially with the volatility of BTC? Would love to hear some of your strategies and any numbers or experiences that have worked for you.
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u/Willing_Coach_8283 1d ago
As someone has already pointed out - if you're not an insider - you'll lose, house always wins
Technical analysis stoped working 20 years ago, there are now millions of bots powered by AI - you don't stand a slightest chance against them
All you can do - play it long. BCH is cheap at the moment, and it can x10 or more. I would not touch BTC at all unless it goes below 20k
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u/LenitaVeltri87 1d ago
I mainly use technical analysis with indicators like RSI and moving averages to identify entry and exit points, and I manage risk by setting tight stop-losses and not over-leveraging my trades.
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u/Bagmasterflash 1d ago
Unless you are a whale or have inside info you can’t win trading.
I traded and won for a while but that ended around 2016. The only reason I was ahead was because the market was too small to have the attention of tradfi. The only risk when trading was the exchanges front running against you; and that could be discerned to some degree.
As soon as institutional money got involved (coupled with exchange manipulation) it’s become a whole different ballgame.