1) BTC perspective and how I approach long term positions... When taking long term positions I do so with large % of capital and no stop loss. This is necessary to allow the asset to fluctuate as the trend starts. So, I don’t care if I’m first into a trend, I want to be right!
2) BTC is a long term investment for me. The trend following system I use allows me to capture large portions of a trend whilst never catching a bottom or a top. Trying to catch exact bottoms and tops would likely ruin me. Let’s see some examples of how position myself in BTC.
3) Disclaimer: I didn’t know about BTC until last year. I was trading fang stocks and JPY pairs. So this data is from backtesting and not actual trades I have taken. For long term BTC position the weekly chart is all I care about.
4). Let’s begin from the last bubble burst and see how my indicator would have faired. I will ignore short positions for the time being. A position entry is advertised when a weekly Heikin ashi Candle is printed with its body closing outside cloud. Buy stop is set above wick.
5) Let’s go through in pictures. 
6)
7) The buy!
8) The Sell! A black candle close below cloud. Red alert. Stop order placed under BODY. Stop trailed up of candle bodies.
What did you do to manage your trade... nothing. Check price every Sunday. Enjoy your life. Go out, spend time with family. What are the results?
What will I do know? Well I’m on holiday and won’t do anything with btc until I see something like this.
Next few weekly closes will be informative but I don’t like the angle of attack. Too steep for a bear market reversal IMO. Feels like a correction up. Doesn’t mean I’m a bear (i don’t care either way) but I’m not entering long term positions. (I do still hold some BTC).
@overheardcoffee @Crypto_Core @CryptoDecay @CryptoSays Over next few weeks I will discus. Trading my suite on shorter timeframes, and integrating will other indicator e.g Ichimoku to screen for fakeouts.
I forgot..... while I enter without a stop loss (or with a mental stop loss) during the position I trail a stop at previous fractal. When parabolic I tighten them up to ha candles. This thread is an example of macro trend following. I use discretion while in trade.
I DO quite like btc on the monthly.
If you are wondering where to find my indicator suite. It’s here.
Manage own risk, I do. I will take 0% responsibility if you lose 100% of your money.
For the more ballsy of you out there you have a weekly signal candle. Personally I use heikin ashi for btc so will be at least one more week. By now you probably know how to trade it using my system.
Still hovering under long term trendline. Steep angle of attack. I think a pullback is more likely before we push through and major resistances. No need to try to predict though. Wait trend change then set and forget.
