BTC Momentum Hedge

Thesis

Rides BTC momentum with one leg, locks in the gain with an opposite leg, and resets when either leg loses too much.

Strategy

• Momentum entry: Opens a BTC long if the price rose over the last 15 minutes, otherwise a short, with $100 margin at 200x by default. • Hedge leg: Once BTC moves 0.1% in the first leg's favour, opens the opposite side with the same margin and leverage. • Exit: When any leg is down 40% of its margin, closes every leg and starts a new round.

Exposure

• Holds: BTC long and short — One or two leveraged BTC positions, with the rest as USDC. • Venue: Papertrade — Funds sit as USDC in your Papertrade account. • Leverage: 200x by default — Each leg controls its margin times your leverage setting in BTC. • Costs: 2% fee on wins — Papertrade takes 2% of winning closes; losing closes pay nothing extra. • Data: Circuit — BTC prices and 5-minute candles come from Circuit. • On unwind: USDC — Closing open legs returns their margin plus or minus profit in USDC.