A Showcase of How My Indicator Worked On Bitcoin Long-Term – To People Who Don't Want to Day Trade
TL;DR: It works extremely well
To Smart Investors,
As always, I emphasize that the indicator never does any repainting, which means it never changes any signals from the past. That’s VERY IMPORTANT.
Today, someone contacted me via PM to ask if my True Price Indicator would be useful for those who don’t want to day trade.
These are the last 3 years of Bitcoin/USD and Weekly candles.
As you can see, the indicator set a target to sell just before the dip in 2022, which freed up my capital to use on different investments for a year!
During that period, you could’ve just put the money in VOO, QQQ, or a solid stock and lost less or made a profit. MONEY IN THE BANK.
Bitcoin took 2 years to recover if you just held the asset!
This is also still a work in progress. We are working on reducing the chop (when the Indicator makes too frequent trades when the market is consolidating, and we are getting stop losses).
Coming out in early December.
God Bless,
Jack Roshi, MIT PhD