Buy the dip bot - Free crypto trading bot 2021 - 3Commas Binance - for beginners
Buy the dip bot - Free crypto trading bot 2021 - 3Commas Binance - for beginners
Many professional traders and youtube influencers have started forcasting a possible outcome of the current bitcoin btc market, a bearish scenario where bitcoin could well dump to the value of the 21 weekly moving average.
What's the best possible way to use this scenario to buy the dip assuming we will be reaching those lower prices in the short term? a grid bot? a short bot? either option has the risk of you ending up selling all the bitcoin you currently hold.
Why not using a long DCA bot to buy the dip? In this video we review an alternative approach to buy a dip. It requires you to have an estimate of the lower price you want to go. M
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00:00 Welcome
02:15 What is the trading parrot channel about
03:17 Buy the dip bot 3commas dca bot dca strategy crypto bots for beginners
03:50 DCA Strategy
04:43 Signal, TP and SL
05:14 Safety orders
09:25 My own strategy: "heavy average down price"
11:22 Use TP to forecast profit price targets
12:47 Closing down
#3commas #dca-bot #gordon-bots #crypto #cryptocurrency #automated-trading #binance-bot #binance-trading-bot
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I'm not a financial advisor and this video is not financial advice. This video is only for recreational purposes. Do not copy or follow my trading strategy without doing your OWN due diligence and consulting with your financial advisor. Trading stocks and with robots represents very high risk.