Jiang Zhuoer, founder of B.TOP mining pool, shared his recent ETH perpetual contract trading experience. He entered a long position of 4,000 ETH at $2,380, targeting a take-profit at $2,493. However, a K-line spike to $2,367 early in the morning disrupted his strategy, leading him to close the position at $2,403. ETH later rose to $2,493. He attributed the issue to excessive K-line noise in ETH perpetual contracts, which BTC did not have. He will now use WBETH as margin and trade BTC perpetual contracts without leverage, holding ETH spot when not trading.
On September 4, Jiang Zhuoer, founder of the Bitcoin mining pool B.TOP, said he’s done trading ETH perpetual contracts. His reason was simple: K-line spikes are too violent and they throw off his trading psychology.
He also walked through a fresh trade. Last night, he bought 4,000 ETH at $2,380 and planned to place a take-profit order at $2,493. But in the morning, a K-line spike down to $2,367 changed everything. He scrapped the original plan and chose to exit once the price bounced back to $2,403. Then ETH kept rising and later reached $2,493 — his first take-profit target — so the profit was missed.
Jiang said BTC’s K-line showed no such spike. So from here on, he plans to use WBETH as margin and trade BTC perpetual contracts without leverage, with a maximum full position, while holding ETH spot when he is not trading.
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