Looking at how LTC responded to its halving to plan for the 2020 BTC halving. BTC previously peaked 22 days before its halving but LTC peaked 44 days ahead of it.
This suggests that halvings are getting traded away at a faster pace and it might be harder to select the exact date.
The megatrend indicator seems to have been doing a pretty robust job of trading around these events and allowing you to improve your cost basis by probably 25% to 35% better than hodling through it. It also allows you to not have to sweat through a lot of chop.
The 16 week donchian channel also does a decent job of getting back into the trend at a lower basis than hodling.
I will probably use 3 or 4 strategies to scale into and out of my position around this event on BTC so that I am not putting all my eggs in one basket and risk the crypto market taking off without me.
I think there is a huge parabolic move in the works to well above $20k on btc and I want to be in it for that, but I don't want to have to sit through a 70% drawdown to do it.
This suggests that halvings are getting traded away at a faster pace and it might be harder to select the exact date.
The megatrend indicator seems to have been doing a pretty robust job of trading around these events and allowing you to improve your cost basis by probably 25% to 35% better than hodling through it. It also allows you to not have to sweat through a lot of chop.
The 16 week donchian channel also does a decent job of getting back into the trend at a lower basis than hodling.
I will probably use 3 or 4 strategies to scale into and out of my position around this event on BTC so that I am not putting all my eggs in one basket and risk the crypto market taking off without me.
I think there is a huge parabolic move in the works to well above $20k on btc and I want to be in it for that, but I don't want to have to sit through a 70% drawdown to do it.
