RSI 60/40 strategy: no need for insanely complex indicators pt 5
Did you beat this strategy in the last Cycle??
Total Market Cap Signals long for the first time since BTC was above 45K..
Personally expecting long term charts and indicators like this RSI 60/40 strategy to CONTINUE outperform in this next crypto halving bull market cycle.
(Long when RSI 14 goes over 60, close when RSI 14 goes under 40) Green line is RSI 60 value .. red line is RSI 40 value.
OUTLOOK for 2023: Accumulation Year
I'm expecting a lot of explosive moves followed by long stretches of low volatility. Generally price stair steps up. (sometimes one step up and two steps back)
This is similar to the 2015-2017 bull market. Hindsight, the chart of 2015-2017 was a constant upward move but that cycle had at least six 35%+ drops along with months of sideways action. This price action whipsawed me personally out of the market. Was brutal.
The 2019-2021 bull had two absolutely relentless bull markets from 3k to 14k and then from 8k to 60k. . folks who were not position long before moves got started were left in the dust.
So what am i saying here? I'm not trying to over-trade this next bull run. RSI 60/40 has proven to be a good indicator that also gives enough time to accumulate while. So I will take the signal
The difference between now and the signals in 2022 is simply our current proximity to the next Bitcoin halving in 2024. I did muscle memory during the bear market of taking these signals seriously(even though they were whipsaws and false signals) so now I'm not afraid to be wrong and also I don't even think twice about flipping bull.
Total Market Cap Signals long for the first time since BTC was above 45K..
Personally expecting long term charts and indicators like this RSI 60/40 strategy to CONTINUE outperform in this next crypto halving bull market cycle.
(Long when RSI 14 goes over 60, close when RSI 14 goes under 40) Green line is RSI 60 value .. red line is RSI 40 value.
OUTLOOK for 2023: Accumulation Year
I'm expecting a lot of explosive moves followed by long stretches of low volatility. Generally price stair steps up. (sometimes one step up and two steps back)
This is similar to the 2015-2017 bull market. Hindsight, the chart of 2015-2017 was a constant upward move but that cycle had at least six 35%+ drops along with months of sideways action. This price action whipsawed me personally out of the market. Was brutal.
The 2019-2021 bull had two absolutely relentless bull markets from 3k to 14k and then from 8k to 60k. . folks who were not position long before moves got started were left in the dust.
So what am i saying here? I'm not trying to over-trade this next bull run. RSI 60/40 has proven to be a good indicator that also gives enough time to accumulate while. So I will take the signal
The difference between now and the signals in 2022 is simply our current proximity to the next Bitcoin halving in 2024. I did muscle memory during the bear market of taking these signals seriously(even though they were whipsaws and false signals) so now I'm not afraid to be wrong and also I don't even think twice about flipping bull.
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