LIVEMigMandrade
@MigMandrade
Formerly Professor (Instructor) and Researcher at ULA (VE). Today, very enthusiastic and curious on crypto assets, Web3 and relative topics! And please... #DYOR
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Greetings to everyone! I want to share my thoughts on #PAXGBTC Spot Grid and my last experience with it.
My first experiences with trading bots started some months ago with the same pair, making a lot of mistakes while trading that way. Two mistakes in particular have to be taken into account: (a) activating bots with start price just in the middle of the whole grid, and (b) not taking into account that PAXGBTC grids make profits when PAXG rises and/or BTC falls.
The current market behavior has made two patterns which helped taking profits with this Spot Grid. The first one, the posts raining out that, while BTC reached ATH, trading volume started to slow down -meaning an eventual fall in prices. The second one, PAXG (as gold and gold-backed assets) showed a slow but sustained rise in the long term, which helped to take the decision of activating the Grid while BTC was still over 71k-72k.
Of course, a mysterious move PAXG made in April's third weekend helped a lot in accelerating general grid profits, and I say this particular issue because the distances between each order are far away in purchasing prices, which makes orders closure processes running veeeery slow.
In any case, this Grid is helping me to take profits while BTC is making its current fall, and even if eventually it will end later or earlier, it's making me feeling happy, calmed, and confident with current market bleed. A little great finance experiment to tell the children in the future.
My first experiences with trading bots started some months ago with the same pair, making a lot of mistakes while trading that way. Two mistakes in particular have to be taken into account: (a) activating bots with start price just in the middle of the whole grid, and (b) not taking into account that PAXGBTC grids make profits when PAXG rises and/or BTC falls.
The current market behavior has made two patterns which helped taking profits with this Spot Grid. The first one, the posts raining out that, while BTC reached ATH, trading volume started to slow down -meaning an eventual fall in prices. The second one, PAXG (as gold and gold-backed assets) showed a slow but sustained rise in the long term, which helped to take the decision of activating the Grid while BTC was still over 71k-72k.
Of course, a mysterious move PAXG made in April's third weekend helped a lot in accelerating general grid profits, and I say this particular issue because the distances between each order are far away in purchasing prices, which makes orders closure processes running veeeery slow.
In any case, this Grid is helping me to take profits while BTC is making its current fall, and even if eventually it will end later or earlier, it's making me feeling happy, calmed, and confident with current market bleed. A little great finance experiment to tell the children in the future.
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Click the link below! ⬇️⬇️⬇️⬇️⬇️
Sharing a Red Packet with you! 🎁🧧
This is the first time I post something here in Binance Feed (Binance Square now), and I want to share a Red Packet link here with you, while getting practice with this service!
If you need the direct link for PC: https://s.binance.com/3Fv5dMZh
🎁🧧🎁🧧🎁🧧🎁🧧🎁🧧🎁🧧🎁🧧🎁
$BTC #DoNotFearTheMarket
Sharing a Red Packet with you! 🎁🧧
This is the first time I post something here in Binance Feed (Binance Square now), and I want to share a Red Packet link here with you, while getting practice with this service!
If you need the direct link for PC: https://s.binance.com/3Fv5dMZh
🎁🧧🎁🧧🎁🧧🎁🧧🎁🧧🎁🧧🎁🧧🎁
$BTC #DoNotFearTheMarket