Weekly BB @bbands Positional Trade

8 ene 2022

NOT a financial advice.

Long-term positional trade, expect several months to play out or 1-2 weeks to be stopped out
(not for the faint-hearted or those afraid of a little underwater snorkeling)

Weekly BB (20, close) - Coinbase BTC/USD

Successful breaches: (price went below the line and bounced)
Oct 2019 = 7296.44/7733.72 (-5.6% below)
Nov 2019 = 6526/6876.67 (-5.1% below)
Jun 2021 = 28800/30027.11 (-4.1% below)

Near-misses: (price almost touched the line and bounced)
Jun 2018 = 5777/5666.71 (1.9% above)
Sep 2019 = 7712.45/7654.79 (0.7% above)
Dec 2019 = 6430/6303 (2% above)
May 2021 = 30000/29443.06 (1.8% above)
Jun 2021 = 31004.95/30269.76 (2.4% above)

Epic fails: (price went far below the line):
Nov 2018 (6k "titanium support" breakdown)
Mar 2020 (Covid)

Win/Loss ratio: 8/2 = 4.0

Idea:
Long /w entry around 2% above lower weekly BB line (wait for weekly close)
Stop around -9% below entry or -7% below BB

BTCUSD
BTCUSDT
BTCUSD
XBTUSD
XBTUSD

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