Problem with your analysis is that we are in an uptrend not a downtrend and so far uptrend intact. NOT ADVICE. DYOR.
Westy_
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@Felix000, Fair comment Felix but if you backtest back during the parabolic uptrend between 2016 and 2017 it's the same.
Felix000
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Hmm. Interesting. I'm going to have a little think@Westy_,
Felix000
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OK here's what I see in your analysis. Once the first cross is breeched its a buy signal - price has seen the low. Am I right? Interesting to see what those 4hr chart crosses look like on a daily, weekly, monthly chart. @Westy_,
Westy_
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@Felix000 The buy signal is any cross with the green EMA moving above the red. The longer TFs have more weight of course.
12H
Daily
Felix000
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Always possible a drop towards 7 month MA but don't think going to happen now. What I meant above was fixing the signals found on the 4 hour to see how they worked across daily weekly and monthly timeframes. Probably to hard to do with what's available on Trading View. Still your results shown are interesting. Thank you. Here's one of my studies posted July 3 @Westy_,
Felix000
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Here's why I gave up on RSI when I saw the MACD signal line flip NOT ADVICE DYOR @Westy_,
Felix000
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Your earlier post 13 AUG. Result of your analysis we got roughly 11% drop from close of 13 Aug. Right? Cool.@Westy_,