thetradingparrot
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Update on our BTC "buy the dip" setup - Current profits
🕑 Added 2021-01-22 19:44:39 +0000 UTCIf you don't recall Rubena is our "Buy the dip" bot that we started when BTC was almost ~37K with the intention to buy a huge dip. The settings of these bot allows a deal to buy 17 orders below the entry price, and at the time we manually triggered the deal was targeting a last order at 19.9K
It's meant to buy more the more the price goes down. And that's exactly what it's been doing during all these red days!
As you can see in the image below it has accumulated so far 700 USD in bitcoin. It filled 10 out of 17 orders. Not bad!
Now let's look at what this beauty has done so far.
Each of the triangles represents the time where the deal got another safety order filled.
Most important thing to rescue here is that even though you can see that many orders got filled in the range of 38K to 33K our current average price is still only 31K.
This is really great, imagine if we only bought BTC at 38K ....we are now holding BTC at 18% discount thanks to this bot and a little patience (didn't I say before that patience in trading is money $$$).
We are also already at 6.78% profit from our average price.
You can also see that the next safety order is at 28K. Will it get filled?
Next days we might see BTC go up to even 35K. Our first tough target. If we can't manage to break that resistance there's a chance we will sharply drop to below 30K.
Are we done with Rubena now?
Personally I will keep it running. I'm a bit itchy to use those funds for something else but I also had the intention to capture as much BTC as possible at the best price and this buy the dip bot is doing an excellent job.
Comments
Check my buy the dip video on YouTube :)
Check the youtube channel
thks for the tips. But i haven't found clear explanation about the configuration on grid bot. If it's possible you can share a little tutorial about that.
