btcjeanralphio

btcjeanralphio

These results were achieved with: - Using 0.2% fees and slippage for worst case scenario - Not using Heiken Ashi candles to fake backtest results - No stop loss and 30% long take profit - 100% equity 1x leverage The five months of live testing results (Jan 2020 - May 2020): - 24 wins (45.3%) / 29 losses (54.7%) - Ave win 9.4% / ave loss -2.1% - Win to loss ratio:...

btcjeanralphio

Litecoin vs Bitcoin has bearishly crossed the 50EMA which is a sign of trend reversal. The last significant bearish break of the 50EMA resulted in a 63% decrease. Since the last bullish cross of the 50EMA, at most we saw a 130% increase in Litecoin vs Bitcoin and following the trade rules, the trade closed for 76% profit. Trade with the trend. Areas of support...

btcjeanralphio

Pretty sure we're now in Descending Triangle (bearish) as opposed to Falling Wedge (bullish). If $6.1k breaks, there's only one line of support before we're hitting $4.9k. Only saving grace is the green diagonal support that has held up so far (even today). There's only so long that Bitcoin can keep making lower highs before we get a decisive break.