This is my plan to trade BTCUSD based on historical price data.
Today I didn't have enough time to add all the pictures to explain my hypothesis better; however, the idea goes like this.
What happened every time the price was on a consolidation phase bigger than 150 days, and a new ATH happened?
I looked at the chart since I have data (2011), and my conclusion is that every time that was the case, we observed a correction that can have some of the following parameters:
-15% correction at least
-The price does not make a new ATH after six days
If any of those criteria are true, the consecutive movement when the price makes a new fresh ATH is the beginning of a new 200% bullish movement (as a minimum)
Of all the scenarios I tested only in one, I had a stop loss and then a re-entry with a positive result.
Please don't believe me; use the logarithmic chart to identify all these scenarios I have told you: 150 days consolidation + New ATH + 15% correction at least or 6 days consolidation.
Thanks for reading; I hope this may be useful for you guys. This is the exact way I will be trading if the filter happens, I will be risking 2% of my capital. My target for this trade will be 190.000. It's hilarious to write that number, but hey, we are in the crypto world; nothing makes sense here, so the statistics are showing me that, and I will follow it, AS ALWAYS!
Please feel free to add ANY idea or thought in the comments! Thanks
Today I didn't have enough time to add all the pictures to explain my hypothesis better; however, the idea goes like this.
What happened every time the price was on a consolidation phase bigger than 150 days, and a new ATH happened?
I looked at the chart since I have data (2011), and my conclusion is that every time that was the case, we observed a correction that can have some of the following parameters:
-15% correction at least
-The price does not make a new ATH after six days
If any of those criteria are true, the consecutive movement when the price makes a new fresh ATH is the beginning of a new 200% bullish movement (as a minimum)
Of all the scenarios I tested only in one, I had a stop loss and then a re-entry with a positive result.
Please don't believe me; use the logarithmic chart to identify all these scenarios I have told you: 150 days consolidation + New ATH + 15% correction at least or 6 days consolidation.
Thanks for reading; I hope this may be useful for you guys. This is the exact way I will be trading if the filter happens, I will be risking 2% of my capital. My target for this trade will be 190.000. It's hilarious to write that number, but hey, we are in the crypto world; nothing makes sense here, so the statistics are showing me that, and I will follow it, AS ALWAYS!
Please feel free to add ANY idea or thought in the comments! Thanks
Trade active:
The setup is active according to the filters we established before.
The setup is active according to the filters we established before.
Trade closed: stop reached:
-3%
"Of all the scenarios I tested only in one, I had a stop loss and then a re-entry with a positive result."
I'm waiting for a re-entry according to the plan, the parameters are the same as the previous setup. Same risk (3% on the stop loss)