felixcrypto78

BTCUSD Long term technical Analysis using HMA50 & HMA80

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
67 views
1
67 0

Mid-long term Strategy :
- Long when daily closing price closes above HMA80
- Short when daily closing price closes under HMA50

Look at how this strategy is efficient on the 2018 bear run.
But on the the 2017 bull run, it's efficient only on LONG positions. SHORT positions are not in profit (Actually it can be stopped in profit before price closes above HMA80, but it's not following the call)
We can see that since end of august 2018, it's stagnating and the strategy seems not to be working anymore... Both HMA are very close and the signals are very close in time.

The question is : Does it mean that we are facing a long-term trend reversal ?

If you look at 21 september 2018 (yesterday for me right now), The strategy calls a LONG.

Legend :
Red square : short / sell
Green square : long / buy

Tools :
HMA = Hull Moving Average

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out