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How To Trade Bitcoin To Pass A Challenge 😏
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🎯 GM Munchers! This is Pip Munch, the trading newsletter that’s always on point, like your favourite trendline.
On today’s menu:
How To Trade Bitcoin To Pass A Challenge 😏
The FBI Just Raided The Polymarket CEO 😬
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How To Trade Bitcoin To Pass A Challenge 😏
Alright, Munchers, I know we’ve been talking about Bitcoin all week, but can you really blame us?
The thing’s making history out here.
Yesterday, I nearly spit out my coffee when I saw Bitcoin touch $93,000.

And I’m sure there are traders everywhere getting into debates with their spouses, hearing the dreaded, “It’s time to sell!”
If only they knew...you never sell your Bitcoin. 😉
I did the maths
At $91,150 Bitcoin flips Saudi Aramco
At $109,650 Bitcoin flips Amazon
At $107,280 Bitcoin flips Google
At $156,700 Bitcoin flips Microsoft
At $170,900 Bitcoin flips Apple
At $179,680 Bitcoin flips NVIDEA— Jason A. Williams (@GoingParabolic)
10:56 PM • Nov 11, 2024
But we’re not here to vent. We’re here to talk business. When it comes to passing a prop firm challenge, volatility is your best friend. And right now, nothing is serving up that sweet, sweet volatility like Bitcoin.
Let’s dive in on how to ride this BTC wave to pass your challenge.
1/ Ride The Wave 🌊
When an asset’s making history, pullbacks are as rare as a unicorn sighting.
And it’s not just Bitcoin. ❌
Remember Gold this year? That thing acted like it was chugging energy drinks, rocketing to $2,790 with barely any pullbacks.

So what do you do when something’s skyrocketing, but isn’t giving you a chance to jump on?
Simple: You lower the timeframe.
Can’t find an entry on the 1-hour or 4-hour chart? Drop down to the 15-minute. You’re more likely to catch the dips there.
I get it – you might be the cautious type, preferring the bigger, safer setups on higher timeframes. But trust me, there’s opportunity on the smaller timeframes too. Just keep your seatbelt on.
1/ Ride The Wave 🌊
When an asset’s making history, pullbacks are as rare as a unicorn sighting.
And it’s not just Bitcoin. Remember Gold this year? That thing acted like it was chugging energy drinks, rocketing to $2,790 with barely any pullbacks.
So what do you do when something’s skyrocketing, but isn’t giving you a chance to jump on?
Simple: You lower the timeframe.
Can’t find an entry on the 1-hour or 4-hour chart? Drop down to the 15-minute. You’re more likely to catch the dips there.
I get it – you might be the cautious type, preferring the bigger, safer setups on higher timeframes. But trust me, there’s opportunity on the smaller timeframes too. Just keep your seatbelt on.
2/ Give It Room To Breathe 😮💨
So you’ve found an entry on a smaller timeframe. Great! But remember, Bitcoin’s volatile. If you’re too tight with that stop loss, you’ll get shaken out before the real move even starts.
Here’s the deal: There’s a trade-off between win rate and risk-to-reward.
Want to win often? You’ll be winning smaller amounts.
Want to go for big wins? Be prepared for lower win rates.
Personally, I’m all about keeping my win rate high to avoid the mental beatdown of losses. But it’s your call.
With Bitcoin, that means setting your stops according to your style. If you’re aiming to win frequently, don’t be afraid of smaller gains. If you’re swinging for the fences, give it space and be prepared for some heart-pounding action.
3/ Hold On For Dear Life (HODL) 💎✊
When volatility spikes, things get wild. But sometimes, all you need to do is buckle in and hold.

All crypto traders right now 🤣
Case in point: We’ve got a funded trader at Lark Funding who’s been holding a buy position on Bitcoin for over 50 days.
50 days. This isn’t trading – it’s a masterclass in patience.
No fancy strategy. No over-risking. Just pure, unfiltered patience.
He’s now up over $10,000. 🤑

That’s the beauty of riding a rally. Find an entry, hold on tight, and let the market do the heavy lifting.
4/ The BTC Altcoin Effect 🪙
When Bitcoin pumps, altcoins usually start buzzing with activity too. People start chasing gains in smaller coins, looking for the next big winner.
That’s your chance to catch moves in assets like Ethereum, Litecoin, or even some of the smaller, riskier altcoins.
The attention is on crypto as a whole, which means more volume, more action, and – you guessed it – more volatility.
Trading alts is a bit like riding the Bitcoin rollercoaster, but with a few more loops and twists. Just make sure you’re strapping in extra tight.
So there you have it – four ways to leverage Bitcoin’s wild ride to pass your challenge. Right now, Bitcoin’s not just an asset. It’s a ticket to ride the volatility train all the way to funded status. 🚀
And if all else fails… just remember that patience, sometimes, is the best strategy of all.
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☕️ Pre-Market Fuel
Polymarket in trouble? The CEO of the infamous prediction market had his own raided and phone stolen during an FBI raid.
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🍪 Munchy Memes
I guess a lot of traders will be working at Chipotle soon 😂
— Pip Munch (@pip_munch)
11:02 PM • Nov 13, 2024
BTC just hit $85k
Yeah we aint sleeping tonight
— Milk Road (@MilkRoadDaily)
6:46 PM • Nov 11, 2024
RFK waiting for his cabinet spot
— Link Lauren (@itslinklauren)
8:52 PM • Nov 13, 2024
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