BTC Trading Bot Update Feb 29 — 2024
BTC is bouncing!! Bouncy bouncy bouncy!
BTC is bouncing!! Bouncy bouncy bouncy!
My bot is having a great time!
50+ rounds of profit grabbing glory.
72 hours of bouncing up and down within my bot’s range, and maxing out my full position 3 times.
I showed you my bot configuration the other day, in my previous story, and I wanted to share an update of how these settings are performing.
I will post daily updates until the bull rush plummets, hopefully timing my exit just right to wait and restart my bots!
If this continues I’ll be at $600 profit by noon, and likely over $1000 by the end of the weekend.
$1000 weeks aren’t bad weeks!
That would be 10% return, in one week.
Granted, this is not normal and is a byproduct of my confidence in market conditions trending upward, and the bot configuration I mentioned in my last post, here:
My settings have the effect of making my bot invest my full position faster, and then take more advantage of the spontaneous upward trending spikes we are seeing by capturing at 2% instead of something lower.
Then when the trend continues, my bot continues it’s upward march grabbing more profit in a shorter period of time.
I am trading within about $1200 range, created by using a low price scale, and 4 total buys.
As stated before, I am already planning my exit. HAHA.
I am not going to emotionally pull the trigger.
I am going to wait and see how the market moves.
Many expectations are that BTC will hit 100k this year.
Expectations can be shattered fast.
So you can be damn sure I am BABYSITTING the HELL out of my BTC bots today.
With these settings, I can fall out of range fast.
If I fall too far out of range, I don’t want to loose these gains as fast as I made them.
So what is my plan?
When the price seems to form a “resistance” and stop trending up, and starts bouncing in a range, or trending slightly down, I will slam STOP, collect my profit, then restart the bot with a wider spread.
This is only if I detect a change in the momentum.
We just broke into the 60 range within the last 48 hours, so I am going to give it another 24 hours and if we are not trending 64–65, I will likely do just that.
Disclaimer : This is not financial advice and I am not a financial advisor. This is just what I am doing with my own money. I am NOT an expert. I am some dude on the internet who sees a path sometimes, and takes it.
Continue to the nest story in this series :
BTC Trading Bot Update March 1st- 2024
BTC upward momentum is slowing a bit, here is how I am responding.
Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris