3Commas

EE · 3commas.io

🚀 The best bot strategy for this sideways market?

GRID bots take profits while average traders do nothing

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March 8, 2023 9:54am

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Market Overview

Crypto markets remained subdued for the second consecutive week last week. BTC booked a ~5% fall in value over the past seven days to trade around $22,340 at the time of writing. ETH fell by virtually the same percentage — currently changing hands for $1,560.

Maker (MKR) was the biggest gainer over the past seven days, up more than 20% at the time of writing, while Synthetix (SNX) and XDC Network (XDC) were the only other tokens showing double digit gains.

Total market volume ranged between $111B and $219B, slightly down on the previous week, but still significantly higher than late 2022.

All data pulled from CoinMarketCap.com based on 7-day averages & Coincheckup.com

New Features

Trailing down with GRID bots

The GRID bot is one of the most powerful tools for generating small, but frequent, profits by trading within a range (a grid) when the market’s going nowhere — like right now — or pumping higher.

And trading using GRID bots on 3Commas just became more powerful than ever. We’ve released a major update that gives you more control over how your GRID bot operates when prices are trending lower.

Our new 'trailing down’ feature means it’s now easier than ever to set up your GRID bot without worrying about prices going beyond the lower limit.

GRID bot updates

Smart Trade API failure solution

The 3Commas Smart Trade terminal gives you unprecedented visibility and control over your crypto trading activity.

Not only can you view and action trading across multiple exchange accounts and trading pairs, Smart Trade also allows you to interact with TradingView, the leading technical analysis and research platform for crypto on the planet.

We’ve just released a new tool for Smart Trade that protects your trading strategy from API key failure.

If one of your keys fails, just hit 'Update API key’ on the right side of the interface, and your Smart Trade will continue working normally.

Food for thought

Need to explain crypto to a friend, or brush up on your own knowledge?

Our explainer post on cryptocurrency wallets is the perfect primer on how crypto wallets work and fit into the broader ecosystem.

Crypto storage has always been a key thread in the conversations around best security practices for investors and traders.

Our post covers wallets vs. exchanges, custodial vs. non-custodial, public vs. private keys, hot vs. cold storage, and more.

Read the full post

Automated DeFi strategies in a cross-chain world

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