How to Stay Profitable in Uptrend and Downtrend Markets.

The current situation in the crypto market tends to be more profitable for those who are smart in adapting. When they already know the right way to adapt, there is a chance they can profit consistently. So, how do you get consistent profit in an uptrend or downtrend market?

#1 Learn Two-Way Bias.

The modern crypto market allows market players to profit by trading in both directions by buying (long) and selling (short) to profit when the market goes up or down. By studying the two-way bias, we can profit when the market goes up or down.

#2 Trading Altcoins is a Solution When Bitcoin is Stuck.

There are times when Bitcoin tends not to make significant movements, but we can use Altcoins for trading and make a profit because the Altcoins market always has unique volatility compared to Bitcoin.

#3 News Trading is Risky but Interesting Enough to Do.

In traditional markets, many trade macro news such as FOMC, CPI, and PPI, but in crypto there are many news outside of the tradition that are quite interesting to pay attention to. For example, CEX exploitation, hacked tokens, and news of certain platform launches can be used as news to open trading positions.

#4 Know When to Stay Out.

When we are confused about determining bias, sometimes we have to pause and think. Don't let us force bias until we end up experiencing losses. If you are in doubt, stay out!