BTCUSD Monthly - Coppock Curve = The Perfect Buying Indicator

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
When Will I See You Again? and Patience is a Virgo

TL; DR - waiting for the Coppock Curve indicator to hit 0 on the monthly chart has proven to be an excellent move so far for long term buying of BTC .

What is the Coppock Curve indicator?

+ Coppock , the founder of Trendex Research in San Antonio, Texas, was an economist. He had been asked by the Episcopal Church to identify buying opportunities for long-term investors. He thought market downturns were like bereavements and required a period of mourning. He asked the church bishops how long that normally took for people, their answer was 11 to 14 months and so he used those periods in his calculation.

+ The indicator is designed for use on a monthly time scale. It is the sum of a 14-month rate of change and 11-month rate of change , smoothed by a 10-period weighted moving average .

+ A buy signal is generated when the indicator is below zero and turns upwards from a trough. No sell signals are generated (that not being its design). The indicator is trend-following, and based on averages, so by its nature it doesn't pick a market bottom, but rather shows when a rally has become established.

Here is another idea I published back in Jan 2019 regarding BTC and the Coppock Curve (click to open):

Any counter arguments or praise for my ego, please leave in the comments below. Thanks for reading.


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