LTC TA Example

Dec 18, 2020

Example of TA for the LTCUSD pair on Coinbase for my last few trades. It includes a comparison between active trading and buy+hold strategies as well as the trading range I used over this period.

I'm constantly tweaking indicators to try and find those that align with historical (and current) market movements, of course the Blockchain space comes with a lot of expected volatility .

To reduce risk without also reducing potential upside is always a challenge, although the current bull run easily makes the novice seem the expert. I make frequent use of stop-losses to lock-in profit once new support is established, which has worked well for me for the most part. Or course, sometimes a stop-loss triggers without dipping much farther and then rebounds quickly sometimes, and can have a negative performance impact . For that reason I think it's important to focus on long-term strategy and set your acceptable loss-levels accordingly. I am very bullish long-term on BTC in particular and blockchain as an asset class, so my acceptable risk is probably higher than it otherwise would be.

Note: I am not an expert trader and am constantly learning. If anyone has advice for me r.e. TA for crypto assets please share with me!