Which automated crypto trading strategy to use in the event of a stock market crash?
This Monday March 16, 2020, the stock market fell again by almost 10%!
Bitcoin price falling again below $5,000 to $4,442 on Binance!
In question, the economic consequences of the Coronavirus/Covid 19 crisis with countries that are completely shutdown like Italy, Austria, Spain or France.
The US have closed its border so did Canada.
Therefore, if a crypto bot and a trading strategy can help a trader make money under normal market conditions, they can also help a trader to limit losses in the event of a fall in the financial markets and stock market crash.
We are experiencing unexpected events, a black swan as we also say in the world of stock exchange and trading.
Faced with bad news and abnormal events, the markets reacted in a violent and brutal manner with significant price falls as today.
Which automatic crypto trading strategy to choose to deal with this type of market fall or stock market crash that brings with it the Bitcoin price and the prices of altcoins down?
It’s no surprise, if you monitor the Bitcoin price and the crypto market, you know that the BTC price has dropped by 50% lately, due to the current economic problems and the falling stock markets around the world.
Looking at the results of this automated crypto trading strategy applied by a Kryll Bitcoin robot, you can see that the crypto bot therefore sold Bitcoin by limiting losses to 11% instead of a total drop in Bitcoin price of almost 50 %!
Knowing that a rapid fall in price can happen when the trader is sleeping or not in front of his screen monitoring the price of Bitcoin or another cryptocurrency, you therefore see the advantage of a crypto bot and an automated trading strategy.
Without this Bitcoin robot and if this trader wanted to sell his positions at the latest, it is a loss of 50% that awaited him and not 11% as this Kryll crypto trading bot managed to do.
Faster than a human to place a buy or sell order, the Bitcoin robot or crypto trading bot can therefore avoid heavy financial losses for a trader in unpredictable market situations which cause rapid and brutal price drops.
Kryll has a marketplace where this automated trading strategy is made available by the trader who created it.
After opening an account on Kryll, any user can therefore use this Gekko Bot (V3) trading strategy which will be installed on their account.
The crypto trading bot will automatically execute the crypto trading strategy to be applied on this BTC/USDT pair.
There are of course other trading strategies available for other crypto pairs like Ethereum, Link, Tezos, EOS, etc.
Automatic cryptocurrency trading is booming thanks to these new automated trading platforms like Kryll which now offer modern and efficient crypto trading bots.
The marketplace also allows you to use trading strategies created by professional traders without the need to have knowledge in trading.
Knowing that the worst has not yet passed concerning the financial and stock markets, further declines are to be considered as a result of many countries which will be at a standstill for perhaps 2 months!
Bitcoin robots and crypto bots can therefore be an advantage in dealing with this abnormal and difficult market situation in trading.
Trading Bitcoin or other cryptocurrencies is a risky business, be responsible for the money you invest.