The Little Old lady is a conservative investor and trader.
Always looking for cheap prices in crypto, she starts buying at the 0.618 Fibonacci level, 0.786, and at the 0.886 level. She never invests more than 5% in any one coin, expecting to lose the investment. Positions of 0.3% or a few dollars are not uncommon.
The old lady also looks for an asset that has flattened out and is on the floor preferably without a new bottom in the price after the first bottom. This is preferable, but not mandatory. She looks for coins that have bottomed and are forming a large W pattern on the chart.
Algo looks like a large W on the weekly. But the second V made a lower low. Disqualifying the W and a strong market cycle. But its enough to give us a double. It did make a cheeky small W after finding its bottom, showing the strength of when the market actually give you it. The market also came back to the breakout point giving you another chance to get in this bullish coin. Join my Patreon to see where the little old lady buys back in this coin.
She calls her "broker" and places an order for an amount @ Ƀ 0.00002737 between the 0. 618 and the 0.786 Fib level she only buys when the market comes to her, she never chases a market. When she got the buy order filled she placed her sell orders, and forgot, every time the coin doubles, half her holdings will sell. The first double was at At Ƀ 0.00005475 she sold half, and when it doubles again she will sell half etc.
If her position is still less than 5% she can pull up her fib from the bottom to the recent blow-off top. And reinvest what she sold at the 0.618 or 0.786 fib zones.
If the candle goes higher as did here, she has to keep adjusting the fib tool higher as new highs are made and buy-in at the relevant levels. Her investment is never more than 5% of her overall positions. Or she can look for another coin with great market structure and invest there.
This is not to be taken as investment advice! This is an investment strategy by @davincij15 at www.thedavincicodes.net
Also @bbeamish at the rationalinvestor.com this is their strategy and you should get a course from them.
These are my ideas only. Chart on TradingView: https://www.tradingview.com/gopro/?share_your_love=hansdewet
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Trade on Binance one of my favorite exchanges Binance and I highly recommend it: https://www.binance.com/en/register?ref=12386773
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