BTCGBP - Coinbase- Simple Strategy: high return, LOW drawdown
Bitcoin / British PoundCoinbase
Description
⋅ Same strategy as the related ideas below. (VERY SIMILAR TO BTCUSD HOWEVER WITH EXCEPTIONALLY LOW DRAWDOWN AND HIGHER PROFIT RETURN)
Currently reading a short signal.. same as BTCEUR and BTCUSD.. no long signal in sight so far
Strategy
Refer to BTCUSD and TRONUSDT related ideas below for detail into strategy, which works well with only high volume/volatile coins.
Summary: All indicators must cross to give a strong buy/sell signal
i.e. fibonacci lines, bollinger bands , macd , rsi must be crossed simultaneously.
PNL = +42.14%
Max Drawdown = 0.89% !!!
6 closed trades in total spanning ~2months (over 21% profit a month!!!)
In short:
- BTCUSD vs BTCEUR vs BTCGBP <----- BTCGBP wins :)
- BTC-Fiat is signalling short at the moment