BTC Trading Bot Update March 2nd — 2024

BTC price movement has flattened…..

C.W.Morton

Mar 02, 2024

BTC price movement has flattened…..

DALLE3 Generated Image. Prompt : Flattening the Bitcoin

Momentum upward has come to a halt for the time being — and the market seems to have flattened around 60–63k.

My bot settings were adjusted yesterday anticipating a dip, but the dip didn’t happen (yet), and the bot has captured $43 and is sitting around +$24 this morning.

My widened spread configuration had the effect of lowering my profit potential while things are moving within a narrow range.

If things stay flatter for another day or so, I will stop the bot and adjust the settings to capture more while the market is flat.

I will be re-configuring as the following:

Price Scale = 0.5%
Sell % = 0.5%
Volume Scale = 1.5
Total buys = 4

That will compress my bots range back to where it was, while capturing profit autonomously more frequently while the market is “flatter”. (Selling at 0.5% increase, instead of 2%)

I am doing this based on the last 24 hours movement, and a broader look at the month.

24 Hour Chart

7 Day Chart

Extended Month Chart

The week and the month charts have shown a few spontaneous increases followed by plateaus.

If the market has plateau’d for a moment, changing my bot settings to a narrower squeeze will take more profit.

Simple as that.

But, like I said before — I have to monitor this more and really pay attention to what the market is doing, so that I can prevent the bot from going out of range too long if we dip back down and plateau in a lower range.

Longer term history in the last year is an upward trend, and all indicators that I watch point to further increase over the next few months, and a series of plateaus that I can squeeze.

However, it is important to note that in MACRO, we are only now touching the same level we hit in 2021.

The next few weeks will really determine if we merely double tap that price record, or if we are going to truly spring into the “next level” bull run.

Each previous halving event ended up with an eventual doubling of BTC value after the market corrected.

But oh man just look at those dives during the correction!

This can and will happen again, with many pattern readers thinking that BTC will be spiking as high as 100k, and then perhaps falling back into a new price floor around 40–50k. >>>>https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction
>>>>https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-price-prediction-2024/

>>>>https://www.axi.com/int/blog/education/cryptocurrencies/bitcoin-price-predictions

These Martingale bots are essentially getting into and out of the market daily. It’s not the same ride as HODL’ing.

I already know in advance I’ll be selling off around 100k, and then holding USDT for interest until the market corrects, or sinking my funds into other methods of earning like staking/lending/liquidity on USDT.

There is usually a giant dip, after a giant spike!

I am hoping that we are riding a gradual staircase to a new plateau, and I intend to squeeze that plateau with ze bots, until it’s time to adjust them and catch bigger spikes, or close them and wait patiently.

In 2020, the halving occurred and the rise was gradual, but conditions didn’t congeal into a genuine bull run until winter going into spring 2021.

Here, we are seeing big price action PRIOR to the halving, for many reasons and not just anticipation of the halving event. ETFs and other recent news in the crypto world are a big factor.

If anyone is wondering where my confidence comes from (because I do not claim that it is “expertise”)— it’s this:

Lots of paper trading the last few months….

Crypto Trader market simulator app, highly recommended for practicing trading and getting comfier anticipating market movements.

‎Crypto Trader : Cryptocurrency
‎Crypto Trader is a Cryptocurrency trading simulator that allows you to try investing risk free. New users get free…apps.apple.com

And…. bots.

I can make money no matter the market condition, when working these bots.

It’s just about math when it comes to knowing what you are doing, and how to set them up.

So….. bull run, no bull run, no sweat!

But, if there IS a bull run happening, I’d like to configure my bots to ride it, and that is what I am doing. Dynamically adjusting the settings myself.

Because I don’t yet have a bot that can do that part for me!

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.

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