thetradingparrot
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Bots running and actions to take - update 25/1/2021
🕑 Added 2021-01-26 09:01:02 +0000 UTCTechnical Analysis
BTC is showing some signs of recover but we need to keep a close eye to the descending triangle. If this bearish structure manages to activate (below 30.5K and after confirmation) then we could see BTC drop to a worst case scenario of 19.5K. Breaking above the top level of the triangle will allow us to reach higher targets like 37.1K where there's a strong accumulation of historical volume together with strong area of support/resistance.
I have setup a trading view alarm to pause all my DCA bots if the price of BTC goes below 31K.
All bots links can be found in the bot database.
In the performance article recently shared we saw that Aleksandro and Fiera have been taking the lead this week:
- Aleksandro - 1.35% daily (1% daily previous week)
- Amika - 0.4% daily (1.45% daily previous week)
- Venka - 0.66% daily ( 0.85% daily previous week)
- Fiera - 1.6% daily (1.07% daily previous week)
- Mirinda - 0.85% (0.2% daily previous week)
- Katida - 0.1% (0.1% daily previous week)
Venka as expected is this week outperforming its opposite sibling Amika. Venka is just a modified version of Amika with lower placed SOs to benefit from markets dropping which is precisely what we saw last week.
Mirinda was a bit slow the week before but this week it's been finally showing better performance so no need to make any changes to its configuration.
Katida has been now underperforming for 2 weeks. I had a closer look and I think its being problematic because the signal that it's using "TBT signal", fires very often and we have Katida configured with maximum 2 deals at the time.
I will change Katida to use 5 deals at the time instead of only 2. This will affect the allocation of funds.
Funds allocation USDT - total 3K
- Aleksandro - 1K USDT - 33% of USDT
- Katida - 0.5K USDT - 17% of USDT
- Mirinda 1.5K USDT - 50% of USDT
Funds allocation USDC - total 5.6K
- Venka 2.8K USDC- 50% of USDC
- Amika 2.8K USDC- 50% of USDC
Funds allocation USD
- Fiera 350USD
Buy the dip BTC 5K USDC
GRID BTC - 0.1BTC
30% of all funds for bots left free for adding funds when needed.
Comments
I’m more keen to manage risk by size of fund allocation rather than toggling bots often. Red days fill safety orders and increase profits as well ;)
Yes, but assume that Amika and Venka will have a long run now since we are bullish on those coins. There’s little reason to switch them off if there’s only a short term retracement as that also will punish profits if we fail to time the market 100%
If ever you think we should just turn a bot off, would you update us with this also? Thanks for the updates. Greg
