It's been almost 6 months later and here are the results:
On May 11th said buy BTC at $7200. NVT was telling you to sell BTC .
Today Nov 1st BTC sits at ~$9100
Many are saying that BTC will crash soon and that might be true. However, according to we have a very strong base at $7200.
is telling us to stay in this trade
NVT has not yet signal a buy entry. However, if stays green and NVT does signal I'm going to be buying more BTC .
I do have a golden rule to not lose more than 10% in any trade. so unless BTC hits $6480 I'm going long BTC .
Be safe out there and this is not investment advise yada yada.
Is this correct?
I back tested this to the 1900s. Aroon was able to predict things like the great depression and better yet when to get back into the market once it did hit.
Currently daily is still showing red on Gaussian but I also expect it to turn green possibly within November which will mark a great buying opportunity too at that point. But I think cross referencing with Aaroon isn’t a bad idea either.
Sometimes if you believe in a stock/crypto for longterm you might enter into it when it's in a bear trend (hopefully at the end) . So you really get a good price. It all depends on how much you believe in a stock/crypto. Also, it's important to set rules when to get out so you limit your losses.
At the end of the day, no one that I know of has a perfect system. However, if you learn from your mistakes and set and follow your rules, one can make good returns over the longterm. I for one have average ~22% for the last 20 years. 2008 was a tuff year but made up for it in the years following that. and I create more rules so if another 2008 hits I'll be ready :-).