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.
Bluzelle also isn't the greatest chart. Struggling to find a low and finally found one at 0.00000143 and then rallying off it and giving her two doubles. But the 2nd double took some time it doesn't always have to explode in a day.
She pulls up her Fibonacci retracement tool from the weekly bottom to the recent high. So she can buy in at her retracement levels.
Zoomed in on the daily so we can see the green dot buy order.
She calls her "broker" and places an order for an amount @ Ƀ 0.00000219 at the 0.618 Fib levels she always 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 0.00000438 she sold half, and at Ƀ 0.00000876 she sold half again.
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.
The new buyback is @ the 0.618 or 0.786 levels and if she gets filled she sets the next sell orders when it doubles again. The investment should never be more than 5% of her overall positions. Or she can look for another coin with great market structure and invest there.
These are the relevant orders for this idea:
This is not to be taken as investment advice! This is an investment strategy by @davincij15 at www.thedavincicodes.net And there are many more layers than discussed here.
Also @bbeamish at the rationalinvestor.com this is their strategy and you should get a course from them.
These are my ideas only. Chart: https://cryptowat.ch/charts/BINANCE:RLC-BTC?period=1w
Join Patreon For my new ideas: https://www.patreon.com/cryptoratio
Trade on Binance one of my favorite exchanges: https://www.binance.com/en/register?ref=12386773
Also try out Bittrex another awesome exchange that is reliable: https://bittrex.com/Account/Register?referralCode=MSY-53V-EB2</b
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