The price of Bitcoin (BTC) is currently about ten percent below its all-time high, reached shortly after Spot’s historic launch Exchange-traded funds (ETFs) has been achieved. While the majority of investors have a so-called ‘buy and keep’ strategy, the active crypto trader Muhammad Faizan benefits maximally from the volatile price development. This even gave him a return of 209.19 percent last year.
Reading price charts is essential for those who are serious about starting an active trading strategy. The eToro trading platform eliminates this need by allowing users to follow and copy other traders.
Copy trading does not constitute investment advice. The value of your investments may rise or fall. Your capital is at risk.
Enthusiastic crypto trader
Muhammed is an electrical engineer by profession but has seven years of investment experience. From the beginning, he focused on a diversified portfolio and long-term results.
In addition, he adapts his portfolio to global monetary policy. “Invest in growth during times of loose monetary policy and in value when interest rates rise,” he writes in his eToro profile.
Muhammed focuses on both crypto and stocks and spends a lot of time reading price charts. His trading activities are aimed at expanding his portfolio with the aim of ultimately achieving higher returns.
Muhammed abandoned all of his crypto positions some time ago. He had open positions on Bitcoin, Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and Chainlink (LINK). His plan is to get back in when Bitcoin hits $37,500.
He closed his positions when Bitcoin rose above $48,000 as it was a key resistance level. Given the price drop that Bitcoin has experienced since then, it turned out to be a masterstroke.
209% profit, follow and copy
Last year, Muhammed made a profit of 219.19 percent through active trading, far exceeding Bitcoin’s annual return of 160 percent.
As previously mentioned, Muhammad’s tactics are not for everyone. It requires a certain level of knowledge, time and emotional discipline.
Would you still like to benefit from the advantages of an active trading strategy without commitment? With just a few clicks you can create an account and easily benefit from Muhammed’s expertise.
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Investments in crypto assets are very volatile and unregulated in some EU countries. No consumer protection. Income tax may apply. eToro is a multi-asset investment platform. The value of your investments may rise or fall. Your capital is at risk.
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