3rd times the Charm
Introduction
Hello again Hive community, I've got some good news. Christmas is a time for giving and I got a gift from god. My account is back and refunded with 200 USD. I've decided to split that up into 100 USD in an on-chain FTM long using Granary Finance. The other 100 I left in my Bybit and chose to open another 2 bots, one with AVAX and one with BTC. I will be using profits to fund my normal trades and also to accumulate FTM. The reason I'm so focused on FTM is because of a recent project I launched with @hotsauceislethal. It's based on the FTM chain and is called The Ten Eggs DAO. My goal will be to continue to buy into the project as much as possible because there are no team tokens awarded. Accumulation is my main goal from now until the foreseeable future.
Account Overview
I guess I just covered this but why don't we go into a bit more depth on the performance of the old bot as well as the new ones that I created.
My AVAX bot has currently returned 14% profit in 14H after making 22 closed trades. It is 15x Long so it is a bit risky but it worked.
As for my BTC bot, which required most of my capital at 70 USD, in terms of raw numbers this has done the best but % wise it is only up 7% over the same time frame making 6 closed trades.
Finally, my FTM bot which has been open for almost 2 days now and has returned 7% so far after closing 40 trades.
I don't plan to keep these open for a long time but this will stop me from making any proper trades over that time as all my funds are locked in these bots.
Trades
FTM
Pulling FTM back up we can see that the bullish thesis before played out after testing the lower trend line. producing a deviation it bounced back up and broke through the resistance and is moving back down for a retest, as such I've opened a 100 USD on-chain long on FTM starting at the initial dip and averaging in my entry as it moved.
Market Overview
BTC
I'm gonna keep this short and take a look at BTC to finish off. BTC broke the downtrend and then came down to retest, forming an inverted hammer on the trend line suggesting the start of a bullish reversal, the next area to clear in the upcoming downtrend, after that I'm aiming for 18k.
Final Thoughts
The global markets are over-sold, Christmas is around the corner so I'm expecting a small rally into the end of the year followed by the final capitulation event once the euphoria wears off.
Please use my Bybit link if you are planning to sign up as it would hugely help with what im trying to do here.
