BTCUSD turns off uptrend (i hope only for a while). We see that last upwave looks like corrective one (triangle or other pattern is forming - in case of candles with shadows or priceline or candles close/open points), but after succesful attack on 10000USD may be viewed as impulsive wave 1, so nothing is lost. If You play only longs on this pair, You should not take longs - it's to risky for now.
This "laguerre" based system looks good in longterm (even if You take only longs, and not take shorts) in case of 4h charts too.
In case of strategies like this, Tou should do Your own research. Historical data cand produce fantastic view, but after that there is some risk that earnings will be not so good or even there will be losses (strategy has huge drawdown when You use option of playing 100% of capital, situation changes if You will use smaller percentage of capital - but gains are in this case much smaller of course).
This is not the trading advise!
This "laguerre" based system looks good in longterm (even if You take only longs, and not take shorts) in case of 4h charts too.
In case of strategies like this, Tou should do Your own research. Historical data cand produce fantastic view, but after that there is some risk that earnings will be not so good or even there will be losses (strategy has huge drawdown when You use option of playing 100% of capital, situation changes if You will use smaller percentage of capital - but gains are in this case much smaller of course).
This is not the trading advise!
Comment:
On closed candles this looks better:
Beautiful 100% fulfiled this drop. Bounce point is not coincidence.