BTC USD Correlation
Disclaimer - These are not MINE. Replicating the work of Mike (Figuring out money)
#Buy Signal
#4 Week ROC crosses up through 0.
#Place Buy Stop Order above that Weekly Candles high
#- If price action does not reach entry point by the time the ROC crosses back down through 0,
buy #Signal is deactivated & we wait for the next buy signal.
#Sell Signal
#4 Week ROC Crosses down through 0
#Place Stop Loss Order Below the Low of that Weekly Candles low.
#If Price action does not reach Stop Loss & the next weekly Candle Prints a higher low,
update your Stop loss to the low of the new weekly candle.
#Any buy Signal that occurs during this time is an invalid buy Signal
because you are still in the position Updating your stop loss every week.
#Once you are stopped out, you wait for your next buy signal
#Buy Signal
#4 Week ROC crosses up through 0.
#Place Buy Stop Order above that Weekly Candles high
#- If price action does not reach entry point by the time the ROC crosses back down through 0,
buy #Signal is deactivated & we wait for the next buy signal.
#Sell Signal
#4 Week ROC Crosses down through 0
#Place Stop Loss Order Below the Low of that Weekly Candles low.
#If Price action does not reach Stop Loss & the next weekly Candle Prints a higher low,
update your Stop loss to the low of the new weekly candle.
#Any buy Signal that occurs during this time is an invalid buy Signal
because you are still in the position Updating your stop loss every week.
#Once you are stopped out, you wait for your next buy signal
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