Miner Capitulation Recovery? Buy signal on Hash Ribbons
Miner Capitulation / Hash Ribbons has signaled a buy on daily suggesting that hash rate is stabilizing. Hash ribbons flipped a few days ago and today the SMA 10 crossed over the SMA 20 which is the secondary condition for a long.
Looking at a long term scope, this strategy was supposed to beat even an early buy & hold. Mostly by reducing drawdowns significantly. So I made a quick backtest to see if the number actually held up and they do. $100 invested in MC versus a buy & hold. It significantly outperformed!
Realize this is not a quick in and out strategy, as you can see average trade is held for a few months. It does accomplish the goal of reducing drawdowns though (but not eliminating them). Now all we need is a time machine to play this from 2011 onwards. :)
Have a kick ass & prosperous 2020 everyone!
Looking at a long term scope, this strategy was supposed to beat even an early buy & hold. Mostly by reducing drawdowns significantly. So I made a quick backtest to see if the number actually held up and they do. $100 invested in MC versus a buy & hold. It significantly outperformed!
Realize this is not a quick in and out strategy, as you can see average trade is held for a few months. It does accomplish the goal of reducing drawdowns though (but not eliminating them). Now all we need is a time machine to play this from 2011 onwards. :)
Have a kick ass & prosperous 2020 everyone!
Twitter - twitter.com/cryptorhythms
Cryptorhythms Group Chat - t.me/cryptorhythms
Cryptorhythms Group Chat - t.me/cryptorhythms
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.