Here below a trend following study for the last year identifying the upward and downward trends for the BTC.
I indicated what I could remember and update the chart when there is a main trend change which is the case this week.
What I notice is the Portfolio fluctuation is linked to the general market trend. It goes more up on an uptrend and goes down in the downtrend.
-> The capital exposure must be adapted according to the general uptrend or downtrend.
When the daily trend is up the exposure must be increased while in the opposite when the trend is down the exposure must be minimized at the maximum.
UPTREND
Best buy patterns (VCP volatility Contraction Pattern, Break out range, flags ) occurs in an uptrend.
Long term position will show some gains
DOWNTREND
Most buying patterns fails
Long term position get smashed
Wish you good trades
I indicated what I could remember and update the chart when there is a main trend change which is the case this week.
What I notice is the Portfolio fluctuation is linked to the general market trend. It goes more up on an uptrend and goes down in the downtrend.
-> The capital exposure must be adapted according to the general uptrend or downtrend.
When the daily trend is up the exposure must be increased while in the opposite when the trend is down the exposure must be minimized at the maximum.
UPTREND
Best buy patterns (VCP volatility Contraction Pattern, Break out range, flags ) occurs in an uptrend.
Long term position will show some gains
DOWNTREND
Most buying patterns fails
Long term position get smashed
Wish you good trades