BTC at 60k! My Plan for 2x Gains Has Begun!
How’s the ride going for YOU?
How’s the ride going for YOU?
A few days ago I posted a story about how I planned to 2x my balance during the current BTC bull market.
^ Bitcoin was sitting around 50k when I posted that. ^
BTC price has shot up sharply beyond 60k since.
Much anticipation exists about BTC hitting 100k or above, and there are no shortage of articles and predictions if you give it a quick google search.
My plan was simple :
Stop my bot when BTC hit 55k, and HODL until we hit 100k.
Check. Done.
I stopped one bot at 55k, and I am now holding $10,000 in a wallet.
I also started another of my 10k BTC bots, and I have configured the settings with a hybrid mode to attempt to capture a jagged staircase upward.
I sure am enjoying all this volatility!
I captured the full 2% last night while I slept. My bot jumped from around $150 profit, to over $350 profit.
I am not slamming stop and doing my usual “See 100, take 100” method here.
I am letting this bot do its thang for the duration of the current bull run, operating under the assumption that the ride up will be full of sudden spikes, and I want to capture as much of that as I can.
I am letting this bot run along side holding a balance.
I intend to see which performed better at the end of this ride.
Here are the bot settings I am using today, Feb 28th, 2024 :
Heads up : These settings are for the DCA Martingale bot on Pionex, but should translate to any bot configured as a Martingale.
This configuration is highly abnormal for me.
I have squeezed the settings on Price Scale, but I have widened the settings for Sell %.
This has the effect of investing MORE of my full position faster, going into drawdown a bit harder and a bit more, but when the price bounces up and steeply increases, I capture more of it than I would if I left my profit % at 0.5%, or 1%.
Full disclosure : faster and faster here we go, where it stops, NOBODY KNOWS!
I am already anticipating when to close out my bots and hold and wait for the next dip.
I intend to do this after BTC crosses $100,000.
IF BTC crosses $100,000.
It is important to remember….there are no guarantees.
This is NOT financial advice. I am not a financial advisor.
I am merely taking action based on historical market analysis, and stomaching a higher tolerance for risk.
When/IF BTC Crosses 100k, I will have nearly doubled my holding balance, and I should have about 19,000 or so (Considering I started at 55k).
If price hits 105k, I will have about $20,000, doubling my 10k, and I will sell immediately. If 105 is not achieved quickly, I will sell faster.
This is not set in stone, this is merely, my action plan right now.
Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris
Automated Income Lifesyle w/ Chris Morton YouTube
#cryptobots #trading #bullmarket #btc #whoopie #cryptocurrency #crypto #moneyminded #marketmovers