Say you're a hodler and you have BTC for the long long term. 1 million per coin McAffee scenario.
let me give you one trading stragegy that will ensure you don't go through unnecessary drawdown but will keep you in the game for the moon scenario.
Not joking. This simple strategy gets you out of most of the bear market and keeps you in most of the bull.
let me give you one trading stragegy that will ensure you don't go through unnecessary drawdown but will keep you in the game for the moon scenario.
- Add 50, 200 MA to your 4-hour BTC chart
- Sell on cross down (50 below 200)
- Buy on cross up (50 above 200)
Not joking. This simple strategy gets you out of most of the bear market and keeps you in most of the bull.
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PS: Last cross down (sell) has not occurred yet.
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If you backtest this it actually underperforms buy&hold, but with much less risk. Remember last year was unusual. 1000% gainz don't happen every year.
