This looks at BTC subjected to Renko buying above a moving average, and selling below. I scroll through the past bear market starting from January 15, 2018 when i had 12 BTC and the market was at $14,000. Based on eyeballing the results, and not really counting transaction costs, this method should have increased the 12 BTC up to 143 BTC up through October 21, 2019...worth $1,180,000. This is with Renko boxes set at $100 blocks.
Comment:
This doesn't actually "sell" below the moving average, but rather, goes to "cash" (get's into USD) or assumes going into one of the stable coins like Tether. Going "short" this way, it gains only BTC from 12 to 143 riding the waves up and down the bear market. Dollar value is estimated to have gone from $167,000 to $1,180,000. This is a "what-if" scenario. It's not what happened to my 12 BTC.