DCA bot and my experience with it!Hey there, fellow crypto enthusiasts! Welcome to my blog, where we break down the complex trading world into bite-sized knowledge nuggets.
Today we're diving headfirst into the exciting strategy of Dollar Cost Averaging (DCA) and how it works with trading bots.
Dollar Cost Averaging Demystified
Alright, folks, let me break it down for ya. Dollar Cost Averaging (DCA) is an investment strategy that's all about taking it slow and steady. Instead of going all-in at once, DCA has you regularly buying a particular asset, like bitcoin, in small chunks over time. It's like sipping your favorite beverage gradually instead of chugging it down in one go. We want to savor those gains, people!
Smooth Sailing through Market Turbulence
Here's the kicker, my friends. DCA helps you ride out the crazy rollercoaster of price fluctuations. Picture this: Bitcoin's price takes a nosedive. Ouch, right? But fear not! With DCA, you're buying during the dip, baby! So when the price inevitably bounces back up, you'll sit pretty and reap the rewards. On the flip side, if the price skyrockets, well, you might have some losses when it takes a breather. But fear not again! Since you're investing small amounts regularly, you're not putting all your hard-earned cash at risk. It's like having a financial safety net during those market downswings. Sweet, isn't it?
What figures and patterns do I recommend using?
Firstly as a continuation pattern, I would like to search for a triangle, flags, and wedge.
Also, you can catch the price squeeze and the volume spike to catch the volatility on it.
For example, the last setup of that pattern was on $Matic.
How I automated trading with the DCA strategy
I try to be smart with my time, and after figuring out how DCA works, I regularly practice automation using this strategy.
Here are my tips and personal configurations: so, if you want to trade with small leverage, 3x-6x will be enough for you. The maximum risk is 10x.
Try to make simple trades, and think about trends at the beginning of your charts. And then you will start to win.
Here are the results of trading with the DCA Futures bot
As you can see, it's possible to make money with bots. However, it requires understanding of how they work and knowledge of coin analysis. The case is that you free up your time for other things.
Also, note that my advice is not a call to action. Everyone is responsible for their own trading decisions.
Questions:
New trading strategies.
Do I analyze myself with VSA indicators, like BOS? ( Break out structure)
I often use wedge and triangle patterns with significant consolidations in my work. Once I identify these patterns, I wait for a push of the price increase resulting from the liquidity and then activate my trading bots. This way, I actively participate in the market and observe how my strategies perform.
Are you interested in learning more about the settings you can use with the DCA BOT? I'll be happy to share that information with you next time.
Hang tight for more mind-blowing posts where I uncover various investment strategies and financial wizardry to help you conquer your financial dreams.
I wish you successful trades!
WAVESUSDT trade ideas
Cup & Handle for $WAVESThe cup & handle pattern, which is a bullish one, is evident in the 4H chart of WAVES. DYOR NFA
reject from orderblock lnd up to higher pricei think the white orderblock in bottom of this price is so powerful and is kick prise to upp
wavesIt is now in a small resistance zone, if it crosses, it can touch the high resistance range in the medium term. And if it cannot cross, two green numbers will be available in the first step.
WAVES Daily In Daily TF WAVES has broken resistance with high volume
Last days the retest was made and not there is no resistance for bulls
Send it!
waves buy setup waves consolidating for a long time and now the next big move is about to come caught it up target may level
wqavesBINANCE:WAVESUSDT waves buy. you can check this possiotion yourself and if you agree you can take it. this is a guide for users.
WAVESUSDT Long/ SHortChart itself is saying...
I Don't Wana Pour Myself Onto It..
Look
DYOR
DONT FOMO BTC is There ...
Act Wise...
a good positionit is a good stophunt and a good base when price back to this level we can get a buy position
waves analysis (15M)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the WAVES symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
More room to go upOn daily TF,
Waves' broken out Triangle Pattern. Now it's going up to the nearest high 3.375
Before go there, it might be around resistance 2.39
Wait and see
🔥 WAVES Perfect Fibonacci ReversalWAVES saw a massive pump last week, which has been faded over the last few days. As seen on the chart, the 0.618 Fibonacci retracement seems to hold as support. The 0.618 Fibonacci retracement is often a very interesting area where buyers tend to put their orders after a big pump.
Stop under the recent low, target at the most recent local top.
WAVE BULLS:Unveiling Profitable Trading Opportunities in WAVE $4Chart Analysis: WAVES bulls are aggressively preparing for another bear knockout after retesting the current breakout. We anticipate longing this retest up to $3. Once this level is achieved, the bulls are expected to react, and the upward move is likely to continue. This provides us with a better entry opportunity and a stop level to add to our trades incrementally. The price is currently at a significant support level that could assist the bulls in reaching $3 and potentially $4 if the momentum extends and breaks forcefully. Moreover, both the weekly and daily charts show a double bottom pattern, indicating a continued bullish sentiment in the short term. A strong bull reaction is expected in the range of $3.8 to $4. It is advised to take some profits in the $3.3 range.
🚨Notice: This post will be regularly updated as the price progresses toward the target or in the event of potential failures due to rejections. We encourage readers to like, comment, and follow this page to stay updated with the latest developments and adjustments. Your engagement and support are greatly appreciated.
To enter, wait for a pullback to take the trade.
📈 🚨 MT FREE TRADE SIGNAL🚨📈
👉 🧿ASSET: PSX:WAVES (WAVES/USDT)
👉 🧿ACTION: LONG
👉 🧿1st ENTRY PRICE: $1.976, 2nd Entry, $2.046, 3rd entry 2.076
👉 🧿STOP LOSS: $1.727(Risky Stop $1.807)
👉 🧿1st TAKE PROFIT: $3.3, 2nd TP;$4 ,3rd TP; 5.3(extended $7 to $11 range)
👉Disclaimer: This signal is for informational purposes only and does not constitute financial advice. Crypto trading carries risk, and past performance is not a guarantee of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.🥰
Always come back to check on this post as we are going to keep updating this post with more entries opportunities.
Kindly Like🥰 and Follow us if you enjoyed this free post.
WAVESUSDT SHORT POSITION IN 4H TIMEFRAMEI think Waves is prepared for short at this point. The analysis is based on 4H tf.
WAVES aiming first resistance..#WAVES wants to go higher. It is bullish now. First it may go to first resistance , it it holds properly that, then it could aim to 2nd resistance..
Unveiling the Potential of WAVES/USDT in the Crypto Ocean💎 Calling all Paradisers!
💎 Let's take a deep dive into the current scenario of WAVES/USDT and reveal some key insights:
💎 Brace yourselves as WAVES is showcasing immense potential at these levels.
💎 WAVES/USDT has successfully formed a double bottom, indicating a bullish trend.
💎 At present, WAVES is making an attempt to breach its 8-Month long resistance,
💎 It's noteworthy that WAVES/USDT has flawlessly surpassed its 50-Day-SMA and is now aiming to break its 200-Day-SMA in a single stride.
💎 A retest at the 2 level would present an ideal opportunity to go long.
💎 The forthcoming significant levels to watch out for are 2.6-3.2-4, and it could potentially extend further towards the 5 area.
💎 Stay in the lead and ride the waves of success in the crypto world!
Waves Getting Ready for 70%+ bullish Wave Seems Like Getting Ready For Massive Bullish Impulse Formed & breaking Descending Channel in h8 tf Incase Of Successful Breakout Expecting 70 to 75% Bullish Wave
WAVESUSDT 4h 6/19/2023it is my prediction for WAVESUSDT :
1.3630 : good for enter
1.4498 : good for profit
1.2950 : good for stop loss
WAVES IDEA!BYBIT:WAVESUSDT.P
My waves idea is at its low and we actually broke out of the bottom but quickly wycked up! i cant afford to cover the risk that actually covers that bottom so the question is am i willing to risk the 1% on this and set a limit or should i wait and play it cool and because im mentioning this i will set a limit but keep my risk even tighter maybe 0.5%. I will update this asap!
Thank you!
Retest Potential and RSI EquilibriumWAVES, after breaching below its previous levels, appears to be eyeing a potential retest of the resistance zone within the price range of $1.825 to $1.861. Notably, the current Relative Strength Index (RSI) level is at 49, reflecting a state of equilibrium between buying and selling forces. This suggests a moment of market indecision, where caution is advised. Traders can consider short-selling opportunities in this zone, while exercising prudence and waiting for additional confirmation signals before making any decisive moves.
