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.
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...