LUN/BTC Lunyr, The Little Old Lady(LOL) is super powerfull!

in #crypto4 years ago (edited)

The Little Old Lady(LOL) 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% are not uncommon.

binance-lunbtc-Jul-07-2020-21-24-3.png

The LOL also looks for an asset that has flattened out and is on the floor preferably without a new bottom. This is preferable, but not mandatory. She looks for coins that that are forming a large W pattern on the chart.

LUN-BTC isn't the best chart it was pretty flat but kept making new lows. It made a low at 700 sats and then popped up and gave her a quick double.

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 1028 Satoshis at the 0.618 Fib level she places her order and forgets, getting her order filled when the market came to her, she never chases a market because she knows she gets #rekt when she does. She got the order filled then she placed her sell orders, and forgot, every time the coin doubles, half her holding will get sold. The first double was at At Ƀ 2056 Sats. She sold half, and at Ƀ 4112 Sats she will sell half 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. Its alt season so she wants to get in earlier at the 618.

If the candle goes higher she has to keep adjusting the Fibonacci retracement tool higher as new highs are made and buy-in at the relevant levels.

binance-lunbtc-Jul-07-2020-21-31-23.png

The new buyback @ the 618 levels or @ 1244 satoshi's and if we get filled she sets the next sell orders when it doubles again. The investment should never be more than 5% of her overall positions. You can see her green dot that signals the buy order ready to get filled.

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://cryptowat.ch/charts/BINANCE:LUN-BTC?period=1w
Trade on Binance one of my favorite exchanges: https://www.binance.com/en/register?ref=12386773
Also try out Bittrex another awesome exchange that is reliable: https://bittrex.com/Account/Register?referralCode=MSY-53V-EB2

Learning from the Little Old Lady(LOL) would benefit anyone immensely, crypto is very volatile and people tend to not take any profits on the way up and riding down all those precious gains. The most important idea to take from the LOL is that she takes profits every double.

Sort:  

Congratulations @hansdewet! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You published more than 300 posts. Your next target is to reach 350 posts.

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

Do not miss the last post from @hivebuzz:

Introducing the HiveBuzz API for applications and websites
Support the HiveBuzz project. Vote for our proposal!

thank you!

You're welcome @hansdewet
It would be very appreciated if you could support our proposal so we can keep up the good work!