2023-04-23 01:10:30 ET
Summary
- If we get a hard landing, expect speculative assets to do poorly again.
- For a recession, we recommend exposure to BTC-USD ETFs (short).
- Bitcoin historically has responded well to the 23-day moving average.
- Bitcoin just dropped below its 23-day moving average last week, making it a “sell”.
- As we move into the summer, this system has led to avoiding 17.04% drawdowns when the sell signal is right or encountering -5.59% losses when the sell signal is wrong.
For further details see:
Sell Bitcoin In May And Go Away (Until It Crosses This Moving Average)