BullShow

[BullShow] Still Bearish but turnaround to BullShow soon!

Short
COINBASE:BTCUSD   Bitcoin
Over the past 10 years, the price of Bitcoin and cryptocurrency has been dominated by miners. However, since the coronavirus, as the money supply of each government increases and the value of the money decreases accordingly, institutional investors are increasingly intervening in the price of Bitcoin. In particular, it is no exaggeration to say that the rise of Bitcoin in recent years was led by institutional investors.

Accordingly, in the past, the indicator of HashRate or Profitability of Mining was an important index for cryptocurrency investment, but now is the time to examine the investment movement of institutions.
This idea is an idea to follow the movement of institutional investors.
I created an index based on the correlation and disparity between the price of institutional investors and the price of Bitcoin.
Accuracy increases after CoronaVirus, when institutional investors start buying in earnest.

Due to the recent big rise, the premium between the Grayscale and Bitcoin prices has increased, and if the price difference between the premium decreases again soon, it can be expected that another bullish market will begin.

Bless you and thanks all!

Indicator Information
* Initial indicator sets under 5 to buy, over 85 sell
* The accuracy and reliability of indicators rise sharply from 2020, From the point when institutional market intervention increases rapidly
* Other altcoins buy and sell at the same time frame as Bitcoin.

Back Testing
Back testing start from 2020. 01 . 01
Initial_capital: $1,000
percent_of_equity: 100%
Commission: 0.2%
Current Capital: $5,616.90
Total Profit: 561.69 %

[KOR] KakaoTalk: open.kakao.com/me/bullshow

[ENG] Telegram: t.me/joinchat/AAAAAE59NoN7rQq2OX_zDQ

[Application for Invite Only Strategy & Indicator ]
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