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.
We also look for lots of volume coming into an asset. And we see the OBV is in quite a significant uptrend.
She calls her "broker" and places an order for an amount @ Ƀ 0.00003075 at the 0.618 or the 0.786 Fib level she only buys when the market comes to her, she never chasing the market. When she gets her limit order filled she placed her sell orders and forgets, every time the coin doubles, half her holdings will sell. The first double will be at At Ƀ 0.00006150 if she bought at the market price because we are technically still in the trade location/reload zone. If SNX/BTC then retraced all the way back to the 618 after its double. She can rebuy at the 0.618 retracement half of what she sold if her position in this coin is still less than 5%. She then sets her new sell orders on doubles.
If the candle goes higher she has to keep adjusting the fib tool higher as new highs are made and buy-in at the relevant levels when it retraces to the reload zone. Her investment in a coin can never be more than 5% of her overall position. Or she can look for another coin with a great market structure that has not taken of yet and in the reload zone and invest there and set new doubles.
These are my ideas only.
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.
We also look for lots of volume coming into an asset. And we see the OBV is in quite a significant uptrend.
She calls her "broker" and places an order for an amount @ Ƀ 0.00003075 at the 0.618 or the 0.786 Fib level she only buys when the market comes to her, she never chasing the market. When she gets her limit order filled she placed her sell orders and forgets, every time the coin doubles, half her holdings will sell. The first double will be at At Ƀ 0.00006150 if she bought at the market price because we are technically still in the trade location/reload zone. If SNX/BTC then retraced all the way back to the 618 after its double. She can rebuy at the 0.618 retracement half of what she sold if her position in this coin is still less than 5%. She then sets her new sell orders on doubles.
If the candle goes higher she has to keep adjusting the fib tool higher as new highs are made and buy-in at the relevant levels when it retraces to the reload zone. Her investment in a coin can never be more than 5% of her overall position. Or she can look for another coin with a great market structure that has not taken of yet and in the reload zone and invest there and set new doubles.
These are my ideas only.