A Grid Bot strategy generally involves placing multiple buy and sell orders at predefined intervals (grids) within a specified price range. When the price moves up or down and hits these orders, it will automatically buy or sell the asset. The aim is to capture profits from price fluctuations within this range.
Here's a simple example of a Grid Bot strategy using...
I place limit short selling order at the resistance level
because i think at the end of this month the price of gold will close at the lower price in order to rebound next month (September)
therefore, i am bearish on gold from today 10 Jul until at the end of this month.
Example of grid trading
I place limit sell order at 1930$ and STOPLOSS at 1960$ Target...
USD/CHF has had a nice bullish short term ride and I believe it will, in general, continue until it reaches a firm resistance zone of $1.02ish, first established in November, 2014. This zone has been tested several times, so its a good selling area. Overall support is roughly at $0.87ish and has been holding and tested since May, 2014. The really is an...
WOO/BTC looking good for grid trading right now!
It has been outperforming BTC last month and is entering a range:
Grid upper price: 0.00001 BTC
Grid lower price: 0.0000086 BTC
6/27/2022
Balance : 10000 baht
buy 9.40
100 position
cost 940 Baht
CF: 0
Equity : 9060 Baht
Order holding Zone : 9.40
Note : Now we confront on low volatile bear market ( Sideway down ),I have to decrease grid gap to generate cashflow easier. ( From 0.40 to 0.20 )
*In this Thesis I use for paper trading not a real account pls use for education only.
Until we get big volume, I think we will stay at this trendline. We could imagine a scenario where BTC pumps to retest the upper trendline. If it can NOT pass through, it will be a confirmation of a downturn and a great short entry. This is when things could get nasty.
As expected we are getting a good amount of volatility at this level. The best way to trade this is to set up a grid bot. You will risk very little and make gains out of random gains.
BITCOIN (BTC) - RANGE CYCLES - (MANIP ALGOS) - SMC
My charts are getting really complicated - too much? (tell me if yes)
On this chart I mainly wanted to show that bitcoin is doing very similar range phases repeatedly, my TA is mainly based on that, I have many other scenarios but I wanted to focus on the cycle idea today.
On top of that you can see multiple...
Currently price is consolidating in support (pink block) right now. Ideally I would link to see price close above pink support first.
RSI is slowly moving towards 42, which means it is still in a range. Which could work for a grid bot. Not so good for trend traders. 'll be waiting for confirmation from the Supertrend Ninja indicator. And a close above pink...
We're in a wave 2 (a correction wave) that targets 6277, we should bounce from there at least to 7957
The target of the correction maybe change in the road, if it did, I'll keep you updated
The global economy is looking bad everywhere, but the European economy is still doing worse than America. As technical traders, regardless of what is being said on the media, we have to stick to the bigger picture. My bias will only change if price holds above 1.3200 for the next week.
EXCUSE ME... MY NOSE IS CONSOLIDATING!
As a Grid Trader I'm constantly seeking consolidating price areas, sideways channels, and slowly trending prices where every ZIG and every ZAG is potential profit in my grids. Yep, I have a "nose" for Grid Trading and I love a consolidating market.
I hope you enjoy my Chart Art. Just horsing around!
OTHER CHART ART...
Here I am, sitting back with a cool bubbly, not a worry in the world.
My BTC trade is 1.2% in profit already, yet the current price is near where I started... How could that be? Maybe BTC will go up, maybe it won't, it's not me worry. I'm likely to make 6%+ on this trade regardless, but even if I'm off a bit... I'm 99% sure I'll walk away with a profit.
...
Chart speaks itself! Less is More!
Nothing to say here. I got my bag and waiting for it.
Avoid going long below the last support level that built in Nov 2016.
It was the time when I Joined the crypto.
For a safe trade, You can wait 1D Chart open-close above 0.0055 !
What I really want to say is that ;
A Harvard professor once asked his students to do a...
