STEEM Trading System (Dollar Cost Averaging Experiment) Day 7

As week draws to a close I have to ask myself "Has there ever been a better time to accumulate STEEM?" So much is coming down the pipeline and the community is still vibrant and shining through.

The crypto winter has brought only the strongest projects and people to the forefront. Still left with a bitter taste in their mouths, many in the industry are still wary of alt-coins. It will take a whole new wave of money flowing in to kick start the next bull run. Where this money will come from is no mystery, it has to come from the big banks, financial sectors, private equity firms and public government infrastructure.

Right now we are just dipping our toes into the future of crypto and pretty soon the whole world is going to take the plunge. Cryptocurrencies, crypto assets, digital tokens, coins- you name it they will all play a pivotal role in this next financial crisis as countries look for a way out of the fiat realm.

I am hoping STEEM will be able to play a sizable role in that future.

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 still trending down, sitting at 1644 Satoshis. Price has been relatively stable right at that 1600 Satoshi support level. We will continue to buy today for the 7th day in a row. Strict adherence to the rules is important in order to make this experiment a success. Once we break above those resistance levels the profits will start rolling in.

Today's Trade:
2019/12/07
BUY 1/2 Unit
Price: 0.00001614 BTC
Quantity: 42.02628496 STEEM
Total Cost (with fees): 0.00067999 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

Current Holdings:

BTC: 0.00551069 (4 units)
STEEM: 505.13572511 (6 units)

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