Guys I want to share a trading idea of mine

Question

Guys I want to share a trading idea of mine

with you: this trade is based on the overextended ratio between BCH/BTC and the from the TA side that the daily and the weekly chart definitely looks like in the favor of BCH!
The idea is to borrow BTC and dump it against BCH that way we would support the ratio in our favor for BCH! Do to the borrow of BTC this is a leveraged trade and we can profit exponentially we use BCH as a collateral that way we can hodl BCH at the same time which supports the ratio and another cool thing is that the USD nomination doesn’t bother us because we would trade BCH/BTC
Any thoughts on this ?
I think it is quite a good trade
(no financial advice 😜)

#bch #bitcoincash #cryptocurrency #english

0

28.11.2021

4 ответов

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Mark Lamb 💪

If BTC goes up massively and so does BCH, then you won’t be liquidated on your BCH short because you’re cross margined

0

28.11.2021

Daniel Автор вопроса

Mark Lamb 💪
You can do this trade in one place on CoinFLEX and...

Interesting idea as well 👍

0

28.11.2021

chibuoke Emmy

Mark Lamb 💪
If BTC goes up massively and so does BCH, then you...

Tip 5 honk

0

28.11.2021

Mark Lamb 💪 · Accepted Answer

You can do this trade in one place on CoinFLEX and be cross margined - so for example deposit funds (BTC BCH flexUSD FLEX, USDC whatever) and then sell BTC futures and buy BCH futures. The perpetual futures (perps) are the easiest way to do this as they never expire and track spot quite nicely. Best part: you can probably do this trade close to zero % interest costs since generally speaking funding rates you collect on being short BTC will be similar to what you pay being long BCH. Then if BCHBTC goes from 0.01 to 0.05 or so you’ll do quite well.

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Guys I want to share a trading idea of mine

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