CC RIDER - the Bitcoin Money Machine - Week 14

in bitcoin •  9 months ago

CC RIDER - the Bitcoin Money Machine - Week 14

RETURNS > 27% Growth in 14 week

The BIG DROP

The January down turn took its toll. The CC Rider model had me pulling out the 3rd week of January. I wish I did, I'd be reporting 50+% growth instead of 27% growth.

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I second guessed the model and hung in believing that the drop was near the bottom and that it would be easier to hang in rather than to get out and then turn around and get back in.

Fortunately I got out earlier last week and missed further declines.

Background

On October 27th 2017 I opened an account with https://coinsquare.io, a leading Canadian cryptocurrency exchange. I funded the account with a quick and easy eTransfer of 100$, (95$ after fees), and bought Bitcoin.

Over the following weeks I took profits from Bitcoin's increase in value and added Ethereum, Bitcoin Cash and DASH to the mix.

Now I'm 100% cash.

How is CC Rider Performing?

Here is the Growth Chart after this month's bumpy ride. Keep in mind this started with 100$ - it is up 27% in 14 weeks

Now I'm watching the charts to see if we've really found the bottom and are entering the next 'up' phase or if that dead cat is going for another bounce.

What Impacts Performance?

Good news lifts the markets and the crypto-coins. Bad News lowers the markets and the crypto-coins.

This month has seen more than its fair share of Bad News. And there is probably more Bad News to come as more and more big Banks close the door on buying c-coins with credit cards and more Regulators find ways to police the on and off ramps to the block-chain highway and Governments put the squeeze on Exchanges.

CC RIDER - How it Works

I look at how the 4 coins are performing on a daily basis, Input the numbers into a spreadsheet and crunch the numbers. The Output is a % mix, 'a target', that each coin should be of the total mix.

The target hit 'Zeroes' for all 4 coins back on January the 21st. It has bumped around, mostly below the zero line since then. Today the target lines moved back into positive territory. I'll wait a couple of days to see if this is a change to an uptrend or just a dead cat bounce.

An interesting observation that will mean more in a few weeks looking back - the negative dip down near -750 is almost as deep as the positive peak was high, up to +750.

If the trend lines have zones then it would appear that the coins are deep in 'over-sold' territory.

2018 02 05 Trend Lines.jpg

SUMMARY

All 4 coins are trending upwards, a hopeful sign though perhaps a bit early yet to call this the bottom.

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DISCLAIMER: I started with $100 to keep my losses to a minimum as I 'play' and learn how to drive this Delta Engine. I have funds in transit to double up. These funds should come into play in the next few days.

This is NOT intended as investment, financial, or trading advice. This is me chatting about what I see and what I am doing.

CAUTION: I learned many years ago, (and re-learn with each exciting new 'eureka' moment), not to confuse BEGINNER'S LUCK with awesome genius.

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CC RIDER - the Bitcoin Money Machine - Week 14

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waiting for more from you watertoncafe! keep motivating!

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Hello five34a4b!

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thanks five34a4b, your comments are appreciated.