When To Start A Grid Bot
This video will show the best time to start a grid bot with specific crypto pairs, to make more profits and passive income with your bots.
The strategy mentioned in the video is easy and simple.
You can apply it to any grid bot from bitsgap, bituniverse, pionex, kucoin, or even to 3commas spot grid bot.
I also provide a sheet or table where you can jot down all the research and notes you might need (4 or 5 points!)
We will look at some charts with the intention to start mid-term bots. Those will stay within the grid for a while and make you profits along the way up or down.
First, we will take a look at backtesting results which you can get in different formats by the bot you are using.
The second task will be to spot some big moves or parabolic. Which are generally very strong patterns for crypto trading but simple to use on the bot.
Third, you will spot good buy areas on sideways channels which are below the middle line.
The Forth step is to find resistance areas. With at least two lows around the same price level aka double bottoms.
Lastly, you will use the sheet I provided above, a notepad or doc... to choose between the crypto pairs you might want to run on your grid bot.