The 365 SMA
Bitcoin
Trading Strategy
The purpose of this article is to mathematically determine if buying & selling Bitcoin based on its interaction with the 365 Simple Moving Average (red line) on the daily timeframe would help increase your Bitcoin amount in comparison to just holding it long-term, regardless of any market indicators that might signal bearish trends.
My trading technique narrows down to this :
Selling Bitcoin when a second consecutive daily candle closes below the 365 SMA.
Buying Bitcoin when a second consecutive daily candle closes above the 365 SMA.
Disclaimer : Do not consider this trading strategy as investment advice.