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.
The LOL also looks for an asset that has flattened out and is on the floor 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.
ARPA-BTC ARPA Chain chart is a funny one. Looks like a huge W on the chart. But it is not the greatest market structure. As it made a new low on the next V of the W. After my buy in the price continued lower, but the little old lady always holds her positions and is willing to sit underwater for an extended amount of time. She has her sell orders and will react accordingly when she gets filled.
The LOL 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 @ Ƀ0.00000121 Satoshis at the 0.786 Fib level. She then places her order and forgets, getting her order filled when the market comes to her, she never chases a market because she knows she can get #rekt if 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 0.00000242 Sats. She sells half, and at Ƀ 0.00000484 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.
The new buyback is @ the 618 @ 0.00000222 satoshi's and she sets the next orders for when it doubles again. The investment should never be more than 5% of her overall positions.
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:TNB-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.
I just wanted to say Thank you for sharing your Hive content on Twitter
Hive FTW