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.
PERL/BTC is a newly listed going and I got in when I could. Giving the little old lady a double quickly after. join my Patreon to see where the little old lady buys back in this coin.
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. And I put a larger white circle around it.
She calls her "broker" and places an order for an amount @ Ƀ 0.00000367 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 0.00000734 she sold half, and when it doubles again she will sell half again 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.
The 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:
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