The Old lady
always looks 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% 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. She looks for coins that have bottomed and are forming a large W pattern on the chart. ERDBTC had a low and rallied of it to give me a double many other coins are doing the same thing.
She pulls up her Fibonacci retracement tool from the weekly bottom to the recent high. So she can buy in at her retracement levels.
She calls her "broker" and places an order for an amount @ Ƀ 0,00000020 Satoshi's @ the 0.786 Fib level she then buys when the market comes to her. When she gets a fill she places her sell orders, and forgets, every time the coin doubles, half her holding gets sold. The first double was at At Ƀ 0,00000040 she then sold half, and at Ƀ 0,00000080 she will sell half again, etc.
If the 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 weekly goes higher, you have to pull up the fib tool and drag it from the bottom to the new high and buy-in at the relevant levels.
This is what my current open orders look like on this coin:
The buyback @ the 786 level or @ 23 satoshi's and the next sell orders when it doubles again @ 46 sats.
These are my recent sell orders/Doubles as I forgot to put them in my previous posts.
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://www.tradingview.com/chart/SGdopyFx/
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