BTC Breakout

Thesis

Profit from BTC breaking its recent trading range, taking one directional trade at a time and staking earned PAPER.

Strategy

• Entry: Buy BTC above the previous 20 completed five-minute candles' high or short below their low, with one position at a time. • Exit: Check every five seconds and close at a 0.3% adverse price move or a 0.8% favorable move. • Size and review: Use available USDC at 50x from $200, stake earned PAPER from 1,000, and report closed-trade results daily.

Exposure

• Holds: BTC and PAPER — One BTC long or short plus USDC and earned PAPER. • Venue: Papertrade — Fund with Papertrade USDC; release other sessions' allocations before assigning that money here. • Leverage: 50x — $200 margin opens $10,000 of BTC exposure. • Costs: Winner haircut and fee — Winning closes pay Papertrade's move-dependent haircut and 2% fee. • Data: Circuit — BTC five-minute candles, prices and Papertrade account data determine entries and exits. • On unwind: USDC and staked PAPER — Closing returns settled or queued USDC; stopping alone leaves the BTC position and staked PAPER in place.