We'll need some signs of strong support to combat the sharp dive that followed the short pump to $37,500. 20 day Signal RMA reaching important crossing point above 200 day trend RMA and approaching 100 day S/R RMA. Bouncing off the 100 day RMA will show great support heading toward February into next week, when MicroStrategy and Saylor host their BTC corporate...
Allows backtesting of different percentage Trailing Stops, with entries based on percentage based Trailing Buys.
On 4hr, 1.5% trailing stop, and 1.9% trailing buy worked best. On Daily, 4.3% trailing stop, and 1.9% trailing buy worked best. This version is for Longs only. Will write a Short and Long version next.
According to this readout, The Lower Highs and Lower Lows are starting to breakup.
We can already see some take profit on the short side (orange arrows)