Plunge and a Partial Recovery— BTC Trading Bot Update April 15–2024

Gains continued, then smack into a big ole’ dip

C.W.Morton

Apr 15, 2024

Gains continued, then smack into a big ole’ dip

Source : Kapwing Image Generator. Prompt : “BTC price plunge”

I discontinued my daily BTC bot updates a couple weeks ago, and wanted to pop back in and do a check in.

Here are some of the gains I have made on my BTC, ETH, and LTC bots in the last two weeks.

I have not been babysitting my bots at all.

I have been tending to a sick kitty, doing some fishing when I can make time, creating books out of blogs, basically everything but watching crypto all day.

Every now and then I open the app and capture profit, but I have missed quite a few manual capture opportunities.

I have the bots running on a slightly wider spread than normal because I wanted to keep them in range while I am not watching — (all are set to 1% / 1% with 7 buys), but that didn’t stop the major dip we just experienced from knocking my ETH and LTC bots out of range. They are already showing signs of recovery. 4 days in the red so far, but I am hesitant to slam stop at a loss.

Waiting for those bots to recover, I suspect that we are not finished with upward movement this year or I would have stopped them.

My BTC bots are the only bots still in range at the moment, and they are looming into the green after the slight recovery, but I am still well within range, and haven’t touched my full position yet due to the wider spread.

The wider spread settings give my bot about 5k range to bounce within, which means it should be good if we dip again, assuming we recover back to the sell price.

So far, that’s what’s happening.

Like it’s the perfect season right now to run a 1% / 1% + “Lucky 7” config on a BTC Martingale bot.

My ETH and LTC were all set the same way but Altcoins suffer what I call the Pump effect.

BTC trending down fast pushes ETH and LTC down too, but it tends to hit them harder, and then when BTC recovers, ETH struggles a little harder to recover, and LTC struggles a little harder than that.

Ever notice that?

Just an observation…..

But it’s been pretty consistent as long as I’ve been paying attention to crypto.

My LTC bot is waiting for recovery, then it will be set to a permanent 20% spread, and it’s profit will be more sporadic and long term.

Thats all for today.

I hope everyone is enjoying the springtime as much as I am!

#botlife