PSAR VIP
Session #10
11-22-2021
Contents
HTF BTC Analysis
• BTC HTF
• TARGETS
TODD: VIP STRATEGY UPDATE 2
TODD: VIP STRATEGY UPDATE 1
Rapidfire Strategies
Rapidfire Strategies
Rapidfire Strategies + VIP Recommended Settings
VIP Recommended Settings
TODD Grid Bot Selection
One of the major advantages of grid trading is that it doesn’t require you to have a precise prediction of the market direction. The second advantage is that the grid strategy works well in volatile, ranging markets, where the trend isn't clear.
With the grid strategy, the ideal scenario is that the price moves back and forth across the grid. While doing so it executes as many of the orders as possible, both for the buy and for the sell sides (SPOT ONLY).
The main things I focus on for selecting the pairs are the following:
TODD Grid Bot Selection
The charts often tell us which pairs we should be running. AVAX (left) is one that I would not run on grid because it is in a steady uptrend. MATIC (right) has been great on grid bots because it has consolidation periods and sticks within its range.
We need to address ranges using MATICUSDT as an example.
UPPER RANGE: This is the level that you would have sold ALL of your MATIC for USDT.
LOWER RANGE: This is the level that you would have no more USDT left, as you have bought MATIC down to this level.
I normally start on the DAILY chart, plot ranges, and then drop down to the hourly to see how it would trade. https://www.tradingview.com/x/4biMXstc/
TODD Trading Bots Update
Boring 2 week trading period, however there was enough volatility to still crank out 1K+ trading days.
CEO: How to Live Full Time off Bots
· My Journey to Full Time:
o Started with Swing bot, just got chopped up lost money
o End of April 2020 I met Todd and Rapidfire, changed my life
o Started with $3K
§ Quickly became $10K, making $100 a day
§ Realized I could go full time
§ Was living full time by August and over $100K by end of Sept
· FIRST RULE:
o Don’t go all in on ONE THING
o Diversified income is the key
o You need to cover your monthly expenses with at least 2-3 different strategies
§ If you lose one strategy (ex: futures) then other strategies can cover
o Make sure whatever method you are using has LIQUIDITY so you can cash out when you need to pay for expenses
o Bots
§ Scalper bots (PSAR + Rapidfire)
· I find $10K balance is perfect for $100 a day at 1%
· $10K Futures TP to Spot
· Remember Futures is not realized profit until it’s moved to spot
o DEFI+yield farming+staking
§ Can get good returns 1% a day
§ Watch out for rug pulls
§ Watch out for funds getting locked up, avoid this!
o Swing trading/scalping
§ The most difficult for consistent gains
o NFTs?
§ NOT liquid, not a good idea
CEO: What’s Your Exit Plan for the Cycle Top?
Different options:
TuffOctapus: Degen Updates
Refer to @TuffOctapus for the current updates!
Recommended Pairs - Futures Pairs
Please refer to @Mr Node it All for some quality Technical Analysis and pair recommendations!��CELR: Falling Channel Breakout → TP areas --> $.15/$.155/$.16/$.17 --> up to ATH --> Price discovery targets use major fibs�https://www.tradingview.com/x/cZKPSluc/�SL: pending your strategy, once the asset breaks out of the pattern there will be a back test usually. Look to layer back in on the major fib extensions or based on your step scale to adjust to near those areas/levels��ZEN: Symmetrical Triangle Weekly Timescale : �Longterm TP’s up to 1.618 $500 -- > shorter term TP’s $100/$105/$110/$115/$120 → https://www.tradingview.com/x/1GiG0MBT/
SL: pending your strategy, once the asset breaks out of the pattern there will be a back test usually. Look to layer back in on the major fib extensions or based on your step scale to adjust to near those areas/levels��Lina: Ascending Triangle → TP Areas -->TP Areas --> $.065/$0.07/$.075/$.08/ --> up to 78.6% retrace area top of triangle $.19 --> once breakout occurs ATH wick is to $0.36 --> price discovery targets up to $2 → https://www.tradingview.com/x/fPieo1yN/�SL: pending your strategy, once the asset breaks out of the pattern there will be a back test usually. Look to layer back in on the major fib extensions or based on your step scale to adjust to near those areas/levels
Link: Channel Up -- > Longer term tp’s up to the 1.272 fib ~ $215 → Shorter Term TPs → $29/$30/$32/$34/$35/$37/$40/$42/$44/$46/$48/$50/$52(ATH) -- > https://www.tradingview.com/x/zRKFhFdy/
SL: pending your strategy, once the asset breaks out of the pattern there will be a back test usually. Look to layer back in on the major fib extensions or based on your step scale to adjust to near those areas/levels��Theta: Symmetrical Triangle setup on weekly → TP areas --> $7.40/$8/$8.50/$9/$9.50/$10/$10.50/$11 --> up to ATH $16.75 --> price discovery areas up to $25-$45 → https://www.tradingview.com/x/8oEUrggZ/
�SL: pending your strategy, once the asset breaks out of the pattern there will be a back test usually. Look to layer back in on the major fib extensions or based on your step scale to adjust to near those areas/levels�������
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Q & A