Hello! As you can see for the Bitcoin chart there is currently 1 green band and 4 red bands. That is bearish. However, sooner or later Bitcoin will make a run up. What is the common sense way to invest in the unpredictable and take advantage of a possible ?
One way is to be invested in the market according to the amount of “bullishness” it’s showing. For example, total up all the green bands: 1 band green = 0-20% invested 2 band green = 21-40% invested 3 bands green = 41-60% 4 bands green = 61-80% 5 bands green = 81% – 100%
Others may use it this way: More than 3 bands green = be invested. Less than 3 bands green = don't be invested.
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Hi, I think this is a beautiful indicator. Where did you find it?
marketcast_
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@WilliamGamba, Thank you for the kind words! I've been developing and testing it for some time now. You can use it for an extend period of time. I'll grant you access and send more info. All the best!