This is a swing trading crypto correlation strategy, based initially on technical ratings but adapted to the entire crypto market environment , by using as a source of calculations the candle values from CRYPTOCAP:TOTAL.
So since TOTAL, is the sum of all the crypto currencies, its going to be our leader. We will get the entries and exits , internally from it and...
Adjusted version of the BTC Mayer Multiple developed by Trace Mayer www.theinvestorspodcast.com
This version includes two novelties. The first one replaces BTC with Total Market Cap from 2016/2017 (depending on your moving averages) to present and the second is that we consider two Moving Averages to produce more detailed lows.
This little script helps you to get the right trend. It use two RSI - 1. current chart 2. total market cap.
Simple to use:
Blue line cross the orange line = bullish
Orange line cross the blue line = bearish
You can trade it that way or you wait for the bullish cross and sell it, when the line cross under 70 (or higher, depends on which levels you...