"Make money whether it goes up or down"...Bitcoin experts always look at 'this' strategy when trading

▲ Virtual Asset Trading

It has been argued that investors who make money in the Bitcoin market are not those who predict bull or bear markets, but rather those who control losses and secure profits within a predetermined structure, regardless of whether prices rise or fall.

The cryptocurrency-focused YouTube channel Altcoin Daily emphasized in a video uploaded on May 5th (local time) that the first thought a Bitcoin (BTC) trading beginner should abandon is the question, “Is the market currently a bull market or a bear market?” The video pointed out that a strategy relying solely on predicting the overall direction is disadvantageous because the market repeatedly rises, falls, and consolidates, and the key is whether profits were actually made.

The video cited trading examples from Mindpillar Markets. The host introduced the channel as providing chart-based analysis, risk management, and execution strategies for Bitcoin and cryptocurrency markets. In particular, DeWalt's trading method was explained not as a bullish view that only sees gains or a bearish view that only sees losses, but as a strategy that utilizes both long and short positions according to the chart structure.

DeWalt revealed that he made profits multiple times even during consolidation phases. He explained that he entered long positions near the lows to realize profits at the highs, and entered short positions near the highs to secure profits during downward movements. The video emphasized that a more important criterion than “Did you hit the bottom?” is “Did you make money in that range?” It argues that even in a market where Bitcoin loses direction and moves sideways for months, traders who can read the structure can create opportunities.

Risk management was also presented as a key rationale. DeWalt explained that he entered a long position near $64,000 and had already realized 50% profit. This is a measure to protect the position in case the low breaks again. In another trading example, he explained that he targeted the first major resistance level and set a stop-loss, and that a risk-to-reward ratio of 2.4 met the minimum criteria. The fact that some profits were locked in at the Fibonacci 0.382 level and the next profit-taking target was set around the Fibonacci 0.5 level, approximately $75,200, was also mentioned as a basis for a phased liquidation strategy.

The video emphasized that even when taking a long position, one should also prepare for the opposite scenario. DeWalt explained how to hedge with a short position, considering a bearish scenario where Bitcoin could drop to $63,000. The logic is that even if the price plummets and the long position is stopped out, the short position can partially offset the losses. The video concluded that the key to making profits in Bitcoin trading is not predicting direction, but rather the execution ability to pre-determine entry price, stop-loss, profit-taking levels, and hedging strategies.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*