The rule is very simple. You have to check that between the Hive and STEEM coins whichever coin pumps more, you have to simply short it and whichever coin has pumped less you have to simply long it. Now you have to wait for a positive result.
Before this,I have already played with their rise and fall many times and have already made a very good profit and the risk in this is also very low.
Lets find out today about the Hive and STEEM strategy, how it is possible to make profit from it and with which easy steps you can do this.
It is important to understand that Hive and STEEM are both crypto coins belonging to the same ecosystem and the movement of both is almost identical. But when the time of pump and dump comes, one pumps more and one does less. So this will be the gap that you have to capture and make a good profit from it.
First of all what you have to do is add Hive and STEEM to your Binance favorite list and you will always monitor them.
Sometimes when you see an unusual movement in the volume understand that something special is going to happen just like what happened today.
Today I saw that Hive’s volume was continuously increasing more than normal because of which we got to see an excellent pump.
And if you want to know more about Hive becoming bullish then definitely read my yesterday’s blog in which I said that a 35% pump is possible. Today it went up to 15% but then it cooled down again. But very soon this gap will definitely fill.
Today when I checked that the Hive coin had pumped, at the time when it was pumping you do not have to do anything. You only have to monitor.
You will follow this strategy at the time when any of coin's pump get stable.
Just like today Hive did. After pumping 15% it became stable there, so my strategy started from here.
Whenever one of these two coins pumps and pumps more compared to the other coin then the one that has pumped more, you have to open a simple short position on it with 1x leverage. You do not have to use any leverage here.
For example you shorted Hive here with $200 and at the same time you opened a long position on STEEM which had pumped less than Hive.
What will happen from this is that in the form of a hedge mode your profit and loss will remain balanced. In case Hive pumps more from here, STEEM will also follow it which will reduce your loss.
But because here it always happens that after a pump there is also a cool down process (that is more likely) the chances of making profit increase.
As you can see in the images, Hive pumped 15%. From there the person who shorted it got 12% profit while on the other side STEEM almost dumped 3% where you got a 3% loss.
For example if you had opened a $200 short position on Hive and opened a $200 long position on STEEM then you got a 12% profit on Hive, which would be equal to $24 profit for you.
While in STEEM your loss became 3% so your loss is $6.
So overall your profit in this trade became $18 profit.
This is a very easy and simple strategy. You have to monitor these two crypto coins and whichever pumps more you have to open a short position on it and whichever pumps less you have to open a long position on it.
In the form of a hedge, you have got an excellent trade opportunity.
This is my experience and I have already done this before. You can also try this method and test it with a small amount first... If it is successful, then keep increasing your amount.
And definitely if you like this strategy and have a good experience with it then definitely share your thoughts in the comment section.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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