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I think it needs to go back to school. It was detecting harsh negative decline and we got a huge pop. I actually wondered if you had coded a -1 in somewhere incorrectly.
Would also be interesting to see how it affects performance is the trailing Stop loss is only activated after clearing a certain gain threshold. Ex: Start at -3.5%, but if the trade is up 10% then activate a trailing stop to lock in 6-7% gain, actual numbers can vary of course.
Well it closed around 6800 so its playing safe I guess. My gut is there is a significant chance we see low 6’s again short term. Bouncing off of that and we can go race to the 7’s again.
I didnt vote in the poll because I would love multiple portfolio support for coinbase to do all 4 major signals but maybe thats just me.
If its any solace, when bitcoin moons coinbases fee schedule wont hurt as much (they decrease with usd volume). But agreed more options would be interesting.
I wouldnt be surprised if the standard BTC sold because we were bumping up against the 200dma without any significant breakthrough for a while (and with the luxury of looking back it made the right choice). BTC-beta didnt exactly blow it either though, taking the whole swing into consideration getting 5.5% isnt bad for a weeks work. It popped off another negative anomaly too, so if we continue down into the low 8’s/7’s I would certainly enjoy that buying opportunity.
Totally agreed, this is a make or break level. It will not likely sit still here for long, and probably move quickly when it decides to move. I would do the same, stop loss maybe around 8500 give or take. If I weren’t doing the autotrade, that is.
