Sell signal
Date : 15 Aug 2014
Bitcoin price : $500
Bitcoin price : $500
Buy signal
434 days laterDate : 23 Oct 2015
Bitcoin price : $278
Signal profitability : +79.85%
Your Bitcoin amount : +79.85%
Blog
Article
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.
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.
-
Date : 23 Oct 2015
Bitcoin price : $278
Signal profitability : +79.85%
Your Bitcoin amount : +79.85%
Sell signal948 days later
Date : 28 May 2018
Bitcoin price : $7110
Buy signal4 days later
Date : 01 Jun 2018
Bitcoin price : $7510
Signal profitability : -5.32%
Your Bitcoin amount : +74.53%
Sell signal9 days later
Date : 10 Jun 2018
Bitcoin price : $6777
Buy signal45 days later
Date : 25 Jul 2018
Bitcoin price : $8175
Signal profitability : -17.10%
Your Bitcoin amount : +57.43%
Sell signal7 days later
Date : 01 Aug 2018
Bitcoin price : $7597
Buy signal276 days later
Date : 04 May 2019
Bitcoin price : $5769
Signal profitability : +31.68%
Your Bitcoin amount : +89.11%
Sell signal310 days later
Date : 09 Mar 2020
Bitcoin price : $7934
Buy signal55 days later
Date : 02 May 2020
Bitcoin price : $8988
Signal profitability : -11.72%
Your Bitcoin amount : +77.38%
Sell signal9 days later
Date : 11 May 2020
Bitcoin price : $8568
Buy signal2 days later
Date : 13 May 2020
Bitcoin price : $9309
Signal profitability : -7.96%
Your Bitcoin amount : +69.42%
Sell signal433 days later
Date : 20 Jul 2021
Bitcoin price : $29775
Buy signal2 days later
Date : 22 Jul 2021
Bitcoin price : $32300
Signal profitability : -7.91%
Your Bitcoin amount : +61.51% -
Conclusion
So far, the numbers have shown that you would have increased your Bitcoin amount by 61.51% if you would have followed the 365 SMA trading strategy to the letter. Make sure to bookmark this article for future reference as I will be updating it when new signals appear.