BTC Trend Rider 100x

Thesis

Bets BTC keeps rising once its short-term trend turns up, cutting losers fast and letting winners run at 100x.

Strategy

• Entry: Opens a 10 USDC long on BTC at 100x when the latest 15-minute price is above its 20-bar average. • Exit: Sells at a 0.7% drop, or once up 1% it sells when price falls 0.5% from its highest point. • Stop: Stops trading for good once net losses reach 70 USDC.

Exposure

• Holds: USDC and one BTC long — Your USDC waits on Papertrade, with one 10 USDC BTC long open at a time. • Venue: Papertrade — Fund your Papertrade account with USDC before starting. • Leverage: 100x — Each 10 USDC trade controls about $1,000 of BTC; a drop of about 1% liquidates it. • Costs: Win fee and price impact — Papertrade keeps 2% of winnings and charges price impact on each trade. • Data: Circuit — Prices and 15-minute candles come from Circuit. • On unwind: USDC on Papertrade — Closing an open trade returns its margin plus or minus its result in USDC.