I recently saw a twitter post by NSquaredCrypto that showed how buying ETH in May and selling in December was a better long-term strategy than HODLing.
It really peaked my interest so I thought I'd have a look at BTC/USD and see if I could find a similar sort of strategy. (Worth saying at this stage that I am by no means a data scientist, just a piss-about-with-a-chart kinda guy).
What I found was that March tends to be the worst month for Bitcoin (over the last 4 years at least), and June tends to be one of the better performing months.
Taking it one step further than simply picking a random date to buy in and sell out, I've added a basic RSI rule. If BTC is oversold on the daily at any point during March, that's your buy signal. If not, then wait for the monthly close to buy. Rinse, lather, repeat with June but only when the RSI breaks over 80 on the daily - as this yielded better results when looking back at the past 4 years . And yes, I know, past performance does not guarantee future results.
Mean average % gain over the 4 years = 98.824%
With a mean average HODL'ing period of 93.2 days.
Anyway, I thought I'd share it and see if anyone with a better grasp of markets and data analysis can take this further.
👍
It really peaked my interest so I thought I'd have a look at BTC/USD and see if I could find a similar sort of strategy. (Worth saying at this stage that I am by no means a data scientist, just a piss-about-with-a-chart kinda guy).
What I found was that March tends to be the worst month for Bitcoin (over the last 4 years at least), and June tends to be one of the better performing months.
Taking it one step further than simply picking a random date to buy in and sell out, I've added a basic RSI rule. If BTC is oversold on the daily at any point during March, that's your buy signal. If not, then wait for the monthly close to buy. Rinse, lather, repeat with June but only when the RSI breaks over 80 on the daily - as this yielded better results when looking back at the past 4 years . And yes, I know, past performance does not guarantee future results.
Mean average % gain over the 4 years = 98.824%
With a mean average HODL'ing period of 93.2 days.
Anyway, I thought I'd share it and see if anyone with a better grasp of markets and data analysis can take this further.
👍