thetradingparrot
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Something huge about to happen, plan your next steps with the bots
🕑 Added 2021-01-29 18:28:50 +0000 UTCI'm getting some signals firing announcing high volatility which doesn't surprise me as the catalyst we had (Elon Musk) managed to move the short-time trend away from bearish. RSI is overbought on multiple timeframes. Big volumes buying, big volumes selling. Speculation is going mad.
There can be two possible outcomes:
1) Bulls win: we go straight over 42K in a few days, even 50K is doable.
2) Bears win: if this was just another dead-cat bounce and we go back where we were (28K to 32K range or even lower) and struggle for a bit longer.
Aggressive & risky bot masters
Personally** I'll keep my bots on**, I learned to even enjoy when they are on red, as long as I believe in the coins in play.
Whenever they are red I see it as a: "great! let's fill all those safety order and make some proper profits next week!". Also because the more I know my bots the more heavy hand I turned into. I know I won't sell anything even if it's >40% down.
Conservative bot masters
If you are on the conservative-side, and suffer from the very common red intolerance syndrome. Pretty common and understandable then this is the right time to let this potential big opportunity or big drop in price pass. You need to decide whether you switch all bots off or only the more aggressive. Remember the more money the make a day, the more aggressive and risky they are (look at the last performance report!).
There's literally no way anyone in the whole internet can guarantee you what BTC exactly is going to do. No matter how much they want you to believe that. We all play with probabilities, but no one can tell you with 100% probability anything in trading.
Balanced bot masters
Do you want to keep some bots on and switch others to have a more balance approach?
Check your bots settings, look at the table of orders (right hand side "table" link). Some have their lowest safety order at ~5% and some have it at ~30% or even further low.
The lower the SO is, and the more volume is assigned to those lower levels, the more conservative and more likely it will be able to close at profit its deals on red days.
Example: Venka is better for red days than Amika, but Buy the dip is the top red day bot we have! (assuming you keep the original SO settings of 40% or even more).
Some of the new signals and bots that we have currently on testing are even better for red days. It's almost like I get even more exited on red days, and I hope one day you will too!
Grid and buy the dip
They were designed for red days so I'll leave them running just in case I can still benefit more from some extra profit if we go bearish.
Comments
yeahh can i copy your gridbot? thanks
That’s all in update articles, check rules patreon channels on discord there should be a link to that
What pairs are you currently trading with your grid bots?
