3 techniques to optimize your result in the Bear market!

NovaDAX Global
NovaDAX Global
Published in
3 min readMar 26, 2020

Earning money does not always replies on constant appreciation. As long as there is a difference in prices in the market, there is room for you to get profits.

It is easy to make money in the Bull market, however, you need some techniques to optimize your result in the Bear market.

Do not worry. We will show you 3 practical ways.

Technique 1: Short selling

The contract for difference (CFD) is currently the most popular and used short selling method in the market. It is a negotiation between the investor and the broker, based on the expectation of price devaluation.

For example, you expect Bitcoin to drop from $ 3,500 to $ 2,500 next Wednesday , and you sign a contract for difference with your broker that bets on a negative difference between the asset price at the time of subscription and the price at the time of resale. At the end of the day, if the price drops, you will earn the equivalent amount of the drop of price .

Feature: High profit with high risk and high capital requirements

Technique 2: swing trading

Swing trading is a trading strategy that focuses on short-term price movements rather than a trend in the macro scenario. When you find a up or down channel, it becomes easier to make profits from high frequency purchases and sales.

The Bear Market is a good opportunity to practice your technical analysis (TA) skills by staring from the Moving Average (MA) and the Relative Strength Index (RSI), and later by learning the Ichimoku method and the Fibonacci Sequence. You can be the next big player in the market.

Features: Medium profit with less risk and less capital requirements

Technique 3: Buy low

Cryptocurrencies can face both Bear market and Bull market. The Bear could be the right time to buy with low cost. Despite the devaluation of cryptocurrencies against fiat currencies, it is likely to find appreciation in crypto-crypto trades, as the bear market may attract more capital as opposed to large quantity of money exit from the market.

As the graph above shows, the price of XRP/ETH pair is increasing while ETH is depreciating. That is to say, buying 1 XRP for 0.00268186 ETH and selling 1 XRP for 0.00280294 ETH can make profit in ETH.

The more ETH you earn, the more chance you have to optimize your result in the Bear market, by taking advantage of a sudden increase to sell the earned ETHs.

Features: Possbiel high profit with low risk and low capital requirements

NovaDAX supports crypto-crypto exchanges with fees from 0.07% fee with Novawards! Redeem your Novawards for free!

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