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.
MANA/BTC is a relatively nice chart with a big W on the weekly. Where is defended it is low very well and we are seeing the effect of long accumulation ranges on this one. 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 0.00000374 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 0.00000750 she sold half, and when it doubles again she will sell half @ Ƀ 0.00001500 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.
My new buyback is on my Patreon and if she gets filled she sets the next sell orders when it doubles again. 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.
These are the relevant orders for this idea is included in the 1st pic.
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 on TradingView: https://www.tradingview.com/gopro/?share_your_love=hansdewet
Join Patreon For my new ideas: https://www.patreon.com/cryptocarnivore
Trade on Binance one of my favorite exchanges Binance and I highly recommend it: https://www.binance.com/en/register?ref=12386773
Also try out Bittrex another awesome exchange that is reliable and lots of future behind it: https://bittrex.com/Account/Register?referralCode=MSY-53V-EB2
Buy Crypto in South-Africa with my favorite exchange You're invited:
https://www.luno.com/invite/8UJQ5
Another Great Local BTC site is VALR it's also legit so join today: https://www.valr.com/invite/VAL2RAU5
Hive: https://hive.blog/@hansdewet
Congratulations @hansdewet! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP