BTC falls big. I jumped into buying before my signal actually signaled. (Coppock crossing its SMA). Why? FOMO took over (miss the big rally). Lesson: during big turmoils WAIT for the signal.
albeit it is an educational chart, i wanted to inform you gays, that re: current BTC-USD fall: I have redone my analysis for the weekly and monthly data and than I have decided to sell my assets, I only keep LTC, because in that coin I believe and I do not act there as a trader, but as an investor/believer, I do not care if that falls too. Happy Holidays guys.
ps: i was looking for explanations of the suddens trend-change, and it seems the reason might very well be that GDAX went down and still it is. So I expect an upturn when GDAX is back on track.
jvcorral
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How much is the signal?
bricoleurs
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@jvcorral, as of now: Coppock-SMA:35-Coppock:24...I should have bought in when Coppock is over its own SMA, so like Coppock SMA:35, Coppock: 36. (But I outsmarted myself. :-) It happens.)