One month in the live of a Bot: “At the top”, 3nd period

One month in the live of a Bot is short, too short to judge the profitability of a bot. Three months should be regarded as a  minimum period. See Tip#1 and Criteria to stop.

This is the (part of) third month-period after I started this bot on 12 October 2021. This concludes the (interrupted) 3rd period. Unfortunately we cannot conclude the 3 month-period as intended. Stopped de bot on 31 December 2021.


RevenYOU BOTS Announcement on 30 december 2021:

BOTS and Bloqtec B.V. will no longer be working together as of 2022. The bots from Bloqtec will stop sending signals as of December 31st 2021. You will have until January 18th 2022 to stop the bot yourself, after this BOTS will close the bot for you and the balance will be transferred to available funds.


In the previous two periods the ATT-bot managed to jump to 40% in the first trade-period and from 40% to 60% in the 2nd period,

BTC-5-day 2021-12-24 TradingView
BTC-5-day 2021-12-24 TradingView

Above diagram was the BTC in the beginning of the 3rd period, the week just before Christmas.

After a few weeks of dormancy the bot started trading again.

At the top, 3rd, 1 week 2021 12 21
At the top, 3rd, 1 week 2021 12 21

The bot made one trade jumping from 60% to 81% profit, while the Bitcoin went from $46,000 to $51,000, roughly 10%.

At the top, 3rd, 1d on 2021 12 21
At the top, 3rd, 1d on 2021 12 21

The days before Christmas where around $48,000, then round Christmas the BTC went to $51,500, relatively stable. Then on 28 December we got a decline to $47,500.

BTC-28-29-4rd jump, 2021-12-29
BTC-28-29-4rd jump, 2021-12-29

Interesting to see that all my bots wend down, whereas At the top (ATT) was still out of position, showing the flat horizontal line.

Surprisingly, the “At the top” was my only bot that took advantage of the BTC-decline and jumped from 81% to a total yield of 102% 1102.06% can slightly vary due to the €-value to USDT-rate the basecoin of this bot. , a gain of 21% during this 4th jump.

At the top, 2021 12 28, 4th jump, 1 week.

The fourth jump in value during, the now almost, three-month observation period.

Whereas the BTC declined from  $51,500 to $47,500,  a loss of $4,000 or -3.4%, while ATT gained 21%. That is what we like in a bot!

Conclusion

This bot proved to use an interesting and profitable algorithm.

TradeView BTC, 3 month 2021-12-31.
TradeView BTC, 3 month 2021-12-31.

During this three month period the Bitcoin went from $56,000 to $67,000 on 11 November 2021 and back to $46,000. On 24 December the BTC was about $51,500 and went down to $47,500 on 28th, and down to $46,300 on 29th.

TradeView BTC, 3 month 2021-12-31.
TradeView BTC, 3 month 2021-12-31.

Starting on 12 October 2021 with $56,000 and eventually BTC ended this 2/3 month-period on $47,500 on 31 Dec 2021 (mid day), 80 day’s.

In case of Bitcoin (BTC) HODL , during this period, BTC went from  $56,000 to $47,500 a loss of $8,500 or -15,18%. The bot took also good advantage of the BTC-peak on $67,000 at 11 November but also from some of the declines, candlesticks, as described in the description: At the top.
In total the At the top-bot gained 102%, in this case €101,92 income, during 80 day’s . Now we need to find a replacement, something that will not be easy.

Previous:
One month in the live of a Bot: “At the top”, 1st period, this includes the bot description: At the top by Bloqtec (BL).
One month in the live of a Bot: “At the top”, 2nd period.

Piet, BI.

Remember, this is not a financial advise. Performance results in the past are not representative nor a guarantee for future positive results.

Related: Withdrawn: Why Bots are removed from the BOTS-platform.

For context see: the Tables-Quadrant 

 

Footnotes

  • 1
    102.06% can slightly vary due to the €-value to USDT-rate the basecoin of this bot.

One month in the live of a Bot: “At the top”, 2nd period

One month in the live of a Bot is short, too short to judge the profitability of a bot. Three months should be regarded as a  minimum period. See Tip#1 and Criteria to stop.
This is the second month-period after I started this bot on 12 October 2021.

At The Top second month

This second month, mid November/December was very turbulent for Bitcoin (BTC) and then, as usual, for all cryptocurrencies. The crypto market crashing in the weekend of 4 December printed the strongest bearish candle since last May. This includes the weekend-sell-off from BTC of 58,000 to 43,000 USDT.

Bitcoin holders realised the third largest on-chain capitulation in history over this weekend, with over $2.18B in realised losses. “A correction was imminent and this weekend 380,614 traders were liquidated for a $2.36B. … $BTC aggregate futures 1Futures are derivative financial contracts that obligate the parties to transact an asset at a predetermined future date and price. The buyer must purchase or the seller must sell the underlying asset at the set price, regardless of the current market price at the expiration date.  open interest -$5.423 billion. The market was over-leveraged and a correction was needed to “reset” the open interest and flip the perpetual funding negative.”

Bitcoin (BTC USD) declined with 26% in this period, while most altcoins declined much more than that.

TradingView BTC November/December 2021TradingView BTC November/December 2021
TradingView BTC November/December 2021

What was the cause of this sudden crash? The pandemic is still causing many problems not only for the financial world. The new coronavirus-variant is leaving investors wary of what is still to come. Due to the pandemic and new policies implemented by central banks worldwide to save the economy, inflation has gone through the roof. The inflation in the €urozone is now up to 5%.

The stock markets already looked panicky during these weeks and this panic eventually hit the crypto market as well.
Of course, these crashes are relatively ‘normal’ in crypto. The volatility in the cryptocurrency market is always high. Panic, but also trade-strategies can cause sudden moves (candles) like the one we saw over the 4 and 5 December Sinterklaas weekend.

TBF-AtTheTop

Interesting to see the comparison with the The Big Friendly.bot (BA), a bot that offers an easy way to invest in Bitcoin. It does not trade but just follows the BTC-market (it shows the trend, do not mind the % or €-amount).

After a few weeks of dormancy the bot started trading.

Surprisingly, the “At the top” was my only bot that took advantage of the BTC-decline and jumped from 32% to a yield of 58%, a gain of 26%.  The second jump in value during, the now, two-month observation period.

2ND month At The Top
2nd month At The Top.

So far this bot made only 2 or 3 trades during this period and these were very successful, yielding currently +60% if its USDT value (displayed in €uero). It then went into dormancy again, using a minimum of trading cost.
I am as much curious as your are, as how this will develop.

Previous: One month in the live of a Bot: “At the top”, this includes the bot description: At the top by Bloqtec (BL).

Remember, this is not a financial advise. Performance results in the past are not representative nor a guarantee for future positive results.

Piet, BI.

For context see: the Tables-Quadrant 

 

 

Footnotes

  • 1
    Futures are derivative financial contracts that obligate the parties to transact an asset at a predetermined future date and price. The buyer must purchase or the seller must sell the underlying asset at the set price, regardless of the current market price at the expiration date.