ETH price chart analysis on the Weekly time frame 2018-current. (Heikin-Ashi candles, wicks removed, LOG setting).
(btw- the possible gains on BTC on prior chart are actually more, my math was wrong should be 18X/7X).
My aggressive 20/48 SMA strategy compared to my 20/48 SMA cross strategy:
-When the candles break the 20 SMA to the upside or downside, it is a notable occurrence, indicating possible a trend change
-My long decision occurs when 20 SMA turns up, and the green candles are over top
-My short decision occurs when the 20 SMA turns down and the red candles are underneath
IMPORTANT
-I normally use the 20 week SMA for ETH due to its more aggressive price action, which tends to smooth the candles & wicks vs. 13 SMA
-Log setting allows me follow a smoother trend
-Sometimes I first long or short with 50% of my position and then add the other 50% after both 20/48 SMA turn up or down, the candles being above or below both
-Generally I require more trades using the aggressive strategy vs. Cross strategy
I could also add other indicators such as custom buy sell signals and or MACD , Stochastic , RSI , SAR to assist my decision making but the simple trend based method more than provides me with relatively "low risk" gains.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations
(btw- the possible gains on BTC on prior chart are actually more, my math was wrong should be 18X/7X).
My aggressive 20/48 SMA strategy compared to my 20/48 SMA cross strategy:
-When the candles break the 20 SMA to the upside or downside, it is a notable occurrence, indicating possible a trend change
-My long decision occurs when 20 SMA turns up, and the green candles are over top
-My short decision occurs when the 20 SMA turns down and the red candles are underneath
IMPORTANT
-I normally use the 20 week SMA for ETH due to its more aggressive price action, which tends to smooth the candles & wicks vs. 13 SMA
-Log setting allows me follow a smoother trend
-Sometimes I first long or short with 50% of my position and then add the other 50% after both 20/48 SMA turn up or down, the candles being above or below both
-Generally I require more trades using the aggressive strategy vs. Cross strategy
I could also add other indicators such as custom buy sell signals and or MACD , Stochastic , RSI , SAR to assist my decision making but the simple trend based method more than provides me with relatively "low risk" gains.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations