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I’m taking profits and stoping the following Pionex bots:
- Link martingale 6.4% PNL
- ETH martingale 17.22% PNL
- ADA martingale 8.77% PNL
- ATOM martingale 5.28% PNL
- SOL 4.9% infinity grid 4.9% PNL
These bots were published to members in this page a couple of months ago.
As you probably know trading ALTs has been pretty tough during this recent BTC season.
Since now ALTs are taking advantage of this last BTC dominance dip almost below 50% there’s a chance that the dominance will resume it’s move to 54% or higher which could punish ALTs once more.
Here are the results of the bots I’m stopping.
What’s next?
I’m personally testing some of the structured products from Pionex.
I’m not expecting to make more than the martingale and grid bots but they require little attention and represent lower risk alternatives.
Here’s a few examples that I started using running in the last few days:
- Sideways gain with BTC – Example: it sells my BTC if above 31.5K or keeps it if below while giving 20% APR in extra BTC
- BTC Buy the dip – Example: buys BTC if below 27.5K or keeps the USDT holding and produces extra USDT, around 10% APR.
- Sideways gain with ETH – Example: Buys ETH if below 1850 or produces USDT at 20% APR.
The lower you target the APR the further away it will place your buying or selling strike price. So if you wanted to sell the asset more expensive or buy cheaper you have to target products with lower APR.
The whole process can be automated using these structured products from Pionex.
What’s the risk? simple put: you might buy during a crash ending up with a not-great price entry. You might sell your asset during a pump and end up holding USD instead of enjoying the gains from the pump.
