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STEEM Trading System (Dollar Cost Averaging Experiment) Day 30

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@hotsauceislethal
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Today there was a little bit of support in the STEEM prices as we attempted that 1800 Satoshi resistance level again. Volumes are quite low which can be reflected in the daily volatility. Not much can be done at this point but wait for things to pick back up again in the BTC/STEEM markets.

Trading strategy rules:

  1. Use approximately 10% of the starting reserves (in BTC) per day to BUY STEEM when the price is BELOW a set value. In this case that will be the moving average (center line) on the Bollinger Bands using 1-Day candles on the chart. Each 10% chunk will be considered a "unit".
  2. Sell ALL STEEM when the price is above the upper range of the Bollinger Bands (1-Day candles), or 10% per day when ABOVE the moving average (1 unit).
  3. After 5 consecutive days of buying, reduce buy quantity in half (5% or 1/2 unit).
  4. If price is within 10% of the ALL TIME LOW, and there is 50% (5 units) or less reserve BTC, then I am allowed to "go all-in".
  5. "Buy below, sell above" is the golden rule.

The Moving Average is at 1840 Sat. and has FINALLY begun to drop for the first time in weeks. This means that the prices are consolidating and will have the opportunity to move back up once demand exceeds liquid supply.

This could happen from a number a catalysts but mainly from the hype surround Justin Sun and Tron. Steem has a long way to go in proving itself and we shall see if it can pick up any new users in the meantime. It hasn't proved that successful in onboarding people in the past, or at least in keeping them.

Today's Trade: 
12/30/2019 
Buy 1/2 Unit 
Price: 0.00001783 BTC 
Quantity: 40.84013186 STEEM 
Total Cost (with fees): 0.00073000 BTC 

Trade History:

Day 1) Buy 1 unit- Price: 0.00001611 BTC, Quantity: 84.20909241 Day 2) Buy 1 unit- Price: 0.00001636 BTC, Quantity: 82.92227865 Day 3) Buy 1 unit- Price: 0.00001599 BTC, Quantity: 84.84105558 Day 4) Buy 1 unit- Price: 0.00001615 BTC, Quantity: 84.00052500 Day 5) Buy 1 unit- Price: 0.00001592 BTC, Quantity: 85.21410042 Day 6) Buy 1/2 unit- Price 0.00001618 BTC, Quantity: 41.92238809 Day 7) Buy 1/2 unit- Price 0.00001614 BTC, Quantity: 42.02628496 Day 8) Buy 1/2 unit- Price 0.00001632 BTC, Quantity: 41.56275976 Day 9) Sell 1 unit- Price 0.00001670 BTC, Quantity: 84.107 Day 10) Sell ALL units- Price 0.00001824 BTC, Quantity: 462.59148487 Day 11) NO TRADE Day 12) NO TRADE Day 13) NO TRADE Day 14) NO TRADE Day 15) NO TRADE Day 16) NO TRADE Day 17) NO TRADE Day 18) NO TRADE Day 19) NO TRADE Day 20) NO TRADE Day 21) NO TRADE Day 22) NO TRADE Day 23) NO TRADE Day 24) Buy 1 unit- Price: 0.00001818 BTC, Quantity: 80.10776139 Day 25) Buy 1 unit- Price: 0.00001776 BTC, Quantity: 82.00220170 Day 26) Buy 1 unit- Price: 0.00001722 BTC, Quantity: 84.57369931 Day 27) Buy 1 unit- Price: 0.00001696 BTC, Quantity: 85.87023008 Day 28) Buy 1 unit- Price: 0.00001731 BTC, Quantity: 84.13397471 Day 29) Buy 1 unit- Price: 0.00001800 BTC, Quantity: 80.90883901 Day 30) Buy 1/2 unit- Price: 0.00001783 BTC, Quantity: 40.84013186

Current Holdings:

BTC: 0.00515843 (3 1/2 units) STEEM: 538.43683806 (6 1/2 units)

Eventually the crypto markets will come back and with a vengeance. We will see a lot of the current alt-coins fall by the wayside as adoption rates weed out lesser projects. Steem is not one of them however...

*Disclaimer: I am not a financial adviser and this is not financial advice. This information is for entertainment and educational purposes only.