It took a number of trades/hedged to find day of top in Bitcoin. System goes years like in Indexes, over 3.5 years, of trying to find extremes, hundreds of trades, since likelihood this approach will lose on underlying, over hedging produces small overall profits. Never can sell top tic as breakout pattern or close is entry. Getting in on highs/lows is pure luck as no one knows when that will happen, but this is a mathematical probability that you keep putting in trades, eventually will find extremes of highs and lows. Correct hedging required to not go broke. I had been working on this method in 1991, then this book came out " You Can't Lose Trading Commodities" by Robert Wrist in 1992 another approach but I liked mine better as it was much longer duration. Art Cashen had noticed 18 year cycle of stock market, https://seekingalpha.com/article/148979-stocks-and-commodities-the-18-year-cycle But for most commodities 9 years worked better. I always wondered who gets top ticks, well done @SunTrader .
Tom DeMark gets all the credit (although not really top, top tick) but within my risk parameters blue line equaling largest range in TD Sequential added to that bar's high. :
Well, what do you expect it to do? Keep going up in a straight green line and never retesting previous lines? This is normal market behavior. I mean have you ever studied a chart before? LOL
any theories as to why this would be occurring? i cant believe that they have all lost faith in their product at the same time. is it cost pressures due to power supply increases etc? (in before "cos its worthless" and "its going to zero").