#HODLTradingStrategy It is a way of trading that uses pre-set rules to make buying and selling decisions. It may sound complicated, but the rules of the basic trading system can be simple.
And we’ll start with one such basic strategy.
First take a look at the following chart. It shows Bitcoin and its 50-day moving average. If Bitcoin is growing, it is above this moving average. If Bitcoin is falling, it is below this moving average.
Let’s try to come up with our first systematic strategy based on this observation.
The rules will be as follows:
If Bitcoin closes above this moving average on the daily chart, I will buy Bitcoin. If the closing price of Bitcoin is below this moving average, I will close the position – sell Bitcoin. That’s it.
