Technical or fundamental analysis? What if all together in one algorithm with simple use?? If you are looking for different methods of trading, in this idea I will talk in detail about the ๐Greenwich indicator.
๐Why do you need to use indicators? The indicator helps to make only data-driven decisions. No emotinal, technical or fundamental decision. If 'Buy' โ signal apears - you can open a LONG, if 'Blue area'๐ต apears - open additional LONG with additional leverage. The 'Sell'๐ด signal helps you to identify the TOP of the market and close all of your positions, sell crypto!
๐ฉHow it works? Bitcoin is cyclical and it helps the indicator use statistics to identify the entry points you see on the chart. ๐นBasically, it is not just an indicator, it is a whole trading system which includes a combination of different indicators and trading algorithms. But the mechanism of its use is clear even for a beginner.
โ โHow can I use the indicator? It has 2 modules and 2 modes: 1. Global Buy and Sell zones. You can buy Bitcoin and other crypto at the appearance of a GREEN diamond and sell at the appearance of a RED diamond. As you can see, this is the most profitable way. +939% profit since the last signal. 2. The local signals. When the BLUE signal appears, you need to open a trade, and close it after the signal disappears. You can see the statistics of the trades on the chart. The win rate of this module is 72.7% from 2015 to 2022! As soon as there will be an opportunity for a long - a GREEN dimond or a BLUE signal will appear. And it may happen soon!
The results you can see on the chart but i add the cycles result in this ideas: 1๏ธโฃ2015-2018 Bitcoin cycle. 2๏ธโฃ2019-2021 Bitcoin cycle.
Strategy statistics for 2013-2022, if you use it as a trader: ๐ดInitial deposit: $1,000 ๐นWin rate: 73.9%. ๐ผProfit factor: 19.62 ๐Max loss: -6.08% (possibility to use leverage) ๐Max profit: +295.87% ๐ธCurrent deposit: $4625000
๐Each indicator has instructions and recommendations on how to use it successfully. This one is no exception. Write in the comments or DM if you want more information and Greenwich trading stats!
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.