Over the past few days, you can hear a lot of the following: Bitcoin broke the top of USD 19k, Bitcoin reached the 23k milestone, Bitcoin reached the 30k and then 32k, etc. People are talking a lot about BTC and cryptocurrencies. However, while BTC is soaring like that, only a few people ask: “Is it possible to make money with Bitcoin when its price is increasing and how?”.
And if you are a person looking for the answer to that question, then this article is for you. Today, I will show you a simple and effective way to make money with Bitcoin. That is to trade Fixed Time in Olymp Trade with Bitcoin.
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Story of Bitcoin rising in price and what you can do to make money with Bitcoin
Actually, there are many ways in which you can make money from Bitcoin or cryptocurrencies in general. However, I won’t go too deep into this. Within the scope of this article, I will answer only for you to understand: Why trading Fixed Time with Bitcoin right now is the most efficient and simple way for you.
The answer is very easy to understand. It’s simply because BTC is growing too fast and strong. Since the price is too high, you cannot buy and hold (when I was writing this article, the price was already 32k USD/BTC). Because BTC is so volatile, if you trade Forex with BTC, you will only suffer from hitting the stop-loss until you run out of money. And this is because Fixed Time Trade in Olymp Trade is very suitable for assets that have a clear trend.
In the previous post, I shared with you how to trade Fixed Time in Olymp Trade with another asset type – gold. You can review the article here:
+ How to make money with gold in Olymp Trade
Bitcoin is also considered to be the 2.0 generation gold. So, when it thrives, you can fully profit from it.
How to best trade Fixed Time in Olymp Trade with Bitcoin
Bitcoin is rising. The market is in an uptrend and continuously creating and breaking peaks. No one knows where the end of this trend is. The only thing for sure with BTC is that it is increasing and will continue to increase. So what can you do to make a profit on the uptrend? If you are still confused or unclear about an uptrend, you can re-read this article of mine:
+ What is an uptrend? 3 ways to trade with an uptrend.
How to make money with Bitcoin is what I want to share with you in this article today. Here, I will just share how I have applied it.
Making money with Bitcoin in Olymp Trade: Wait for an uptrend and act
This is because the dominant trend of Bitcoin is an uptrend. However, BTC does not always keep going up for you to comfortably place UP orders when trading Fixed Time in Olymp Trade. Anyway, don’t worry. When BTC is in a big uptrend, it is not difficult to wait until small uptrends appear. And when small uptrends appear, take action!!!
The trend is there. Now, you only need bullish confirmation signals to be profitable with Fixed Time Trade in Olymp Trade. And what is the key thing here? The bullish reversal candlestick patterns are what I’m talking about. Bullish Pin Bar, Bullish Engulfing, Morning Star, etc. all can help you open UP orders with an extremely high probability of winning.
Review on Fixed Time orders in Olymp Trade with Bitcoin
And this is the time when you need to see real transactions on a live account in Olymp Trade to understand and really believe what I’m telling you is completely valid.
5 trades with a fixed capital of $100 each have helped me bring in $400 within a morning. If you understand and execute everything correctly, the results must definitely come to you. Bitcoin is rising and will continue to rise. As long as there is an uptrend, this strategy will definitely help me make money in Olymp Trade.
Details of transactions with BTC in Olymp Trade by using the Trend + Signal strategy
In this section, I will go into detail about each order so that you can better understand this trading strategy. First of all, there are a few notes you need to remember when trading as follows:
+ When trading, you should manage your capital using the Classic method. That means the capital amount for each order is unchanged. Don’t use Martingale. Don’t stuff orders or become emotional. They just make you suffer more “heart attacks” only.
+ Trade with the 5-minute candlestick chart. With this Trend + Signal trading strategy, open an order with an expiration time of 10 minutes or more. Remember, for Fixed Time trading in Olymp Trade, longer is better.
The following are the orders I opened.
1st order: Opened an UP order when a Bullish Pin Bar appeared and retested the old support. I won this order and this was a very positive signal that the price would go in an uptrend.
2nd order: The price continuously created peaks and then broke out of them to go up. A Bullish Harami candlestick pattern appeared. Opened an UP order. I won.
3rd order: The Morning Star bullish reversal candlestick pattern appeared in the uptrend. I continued to open an UP order. I won.
4th order. The Abandoned Baby pattern appeared. This was an extremely accurate signal for an uptrend. Opened an UP order. I won again.
5th order: A Bullish Pin Bar candlestick with a very long tail appeared once again. I didn’t miss the opportunity to close the trading session with an UP order that brought in $80.
To conclude
I have a lot of articles to guide you to make money in Olymp Trade. This article is about Bitcoin – an asset that no one dares to trade in Forex. But that’s not what I want you to understand right now. Read this article again until you actually make money with Fixed Time in Olymp Trade. I wish you successful transactions.
Register an Olymp Trade account NowGet $10,000 Free for beginners
The post Bitcoin Is Rising In Price – How You Can Make Money With Bitcoin appeared first on How To Trade Blog.
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