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:...
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...
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.