Getting close to triggering longs over the 40-day high in BTC

25 de mar. de 2022

After years of Central Bank "price stability" with a special focus on keeping the equity bull alive, #Trendfollowing strategies were finally unleashed following Covid making up for lost time, and are on track to post yet another stellar year. Of course past performance is never any indication of future returns, but we can think of at least one decent source to support this opinion - maybe check out our Twitter feed.

Demonstrably, trend strategies have also performed well in the #DigitalAssets over the past few years. We are currently armed and set to pull the trigger to initiate new longs if the 40-day high is taken out to the upside (call it 45.9k). For what it's worth, the last time our spidey senses were tingling like this, BTC would have been considered a breakout over $4,100. So, there's that:

With an ATR around 2k right now, consider entering a buy stop to go long at 46K, risking to 40k just in case this is triggered and does not work out. If you do not know how much you are going to risk on a trade before you've even taken it, you shouldn't be speculating and have an incomplete trading plan. That said, this is not investment advice and is for informational purposes only. Trading is risky and not suitable for all. You must do your own research and please consult with your own financial advisors.