$BTC Best Coin Pair for BTC:
Based on current market trends and liquidity, here are a few promising coin pairs for BTC:
1. BTC/ETH: Ethereum is the largest altcoin by market capitalization, and its pairing with BTC offers relatively high liquidity.
2. BTC/LTC: Litecoin is a popular altcoin with a strong correlation to BTC, making it a suitable pair for traders.
3. BTC/BCH: Bitcoin Cash is a fork of the Bitcoin blockchain, and its pairing with BTC can provide interesting trading opportunities.
Trading Strategy:
Here's a basic trading strategy that you can use as a starting point:
Strategy: Mean Reversion with Bollinger Bands
1. Indicators:
- Bollinger Bands (20-period, 2 standard deviations)
- Relative Strength Index (RSI) (14-period)
2. Entry Conditions:
- Long (Buy): When the price touches the lower Bollinger Band and RSI is below 30.
- Short (Sell): When the price touches the upper Bollinger Band and RSI is above 70.
3. Exit Conditions:
- Long (Buy): When the price reaches the middle Bollinger Band or RSI reaches 50.
- Short (Sell): When the price reaches the middle Bollinger Band or RSI reaches 50.
Remember, trading carries inherent risks, and you should never invest more than you can afford to lose.