About meI've spent the last 3 years looking for strategies that are scientifically-quantifiable, and not just weird forms of trading superstition. I've read Warren Buffett, Nassim Taleb, Benoit Mandelbrot, Cognitive Bias, and Bayesian Inference.
My Personal Intuition:
It looks like gold has run out of steam to head to the next fibonacci extension level at 2.618, and is now hovering at 1.618. I believe if the covid-19 situation continues to improve, and markets become less risk-averse, we could be heading back down to the long term support level at 1.000, which is $1738.
Regarding the Fibonacci...
Personally, I've held Bitcoin throughout the entire bear-market, so I'm in no rush to buy more. However, seeing as we're at a critical juncture right now regarding BTCUSD, it doesn't hurt to have a plan in mind for when next to dollar-cost-average or buy aggressively.
The chart shows where I believe bitcoin could go in the coming months, and I've indicated where...
I've found that the Bollinger Bands that I use for investing in the stock market, also do work well for Bitcoin on the weekly chart.
In addition to just regular dollar-cost-averaging (DCAing), you can also purchase BTCUSD aggressively when the RSI falls below 40 and/or price goes below the lower Bollinger Band.
I do not however recommend taking profit at the...
My second 2020 prediction for Bitcoin, is that we have to hold above the 10,000 mark in order for the next bull run to ensue. If we drop below 10k and stay there, then it's very likely we're in a larger "moon and 3 cats" fractal, that will result in a multi-year bear market for Bitcoin.
Very pivotal point for BTCUSD!
If you want to know more about "Moon and 3...
I've updated my script "YJ Mean Reversion" with some plotting functions for better visualisation and optimisation of the strategy.
In this case, I've found that a deviation increment of 3% maximises gains on the S&P 500.
Mean reversion strategy, based upon the price deviation (%) from a chosen moving average (bars). Do note that the "gains" are always relative to your starting capital, so if you set a smaller starting capital (e.g. $10000) your gains will look bigger. Also when the strategy tester has finished calculating, check the "Open P/L", as there could still be open trades....
My earlier graphs could be incorrect, this is a refinement.
If this holds true, we're in Wave C of B. Whereby retracement to $5k level, takes place around Nov 17-18.
This is more inline with Tonevay's predictions for BTC $5k.
A few things are on the cards right now though:
1. If you draw a parabolic indicator, you'll notice that $5.5k was the last bounce off...