Bitcoin model Version 2, now on the prowl!

Current Model (version 2.0) positions:

  • $NYXBT (Bitcoin), Long Trend, sig= 04/19, TSP=Friday’s close

Model notes: The previous model allowed a greater drawdown than I was comfortable with. V2.0 is the most sophisticated model we have had at CTM. I am very proud and excited to follow the progress. This is the inaugural signal (it is bullish just like V-1 one was). Bitcoin is one of the strangest markets and probably the least understood. Can nonlinear analysis shed light on this exotic trading vehicle. I am looking for a great (accurate) second half of the year! Exciting stuff!

Note: The following comments are based on using technical analysis to ‘flesh out’ our nonlinear trading signals. TSP is defined as the closing price on the day following the signal day.


Nonlinear Trading Themes:

  • Bullish trend ($NYXBT): The new model would have caught this market much closer to the early-month lows (except it wasn’t completed until recently).  We see a support level at 6600. Nonlinear analysis says the trend is up! Look for the TSP for this signal to be tomorrows close!


Premium Research notes:

Observation: We now have the new fee structure in place (check the “Fees” tab for details). Get your independent research here, put my 25+ years of model building experience to work for you!

Take a minute to peruse the US Equities tab. I posted the S&P 500 trading signals postmortem for the recent March-April time period (approx. as it took about a week to generate a signal at the beginning). Plus 134 Points. Great stuff!

Take a minute to check out the Forex tab on our website. I am posting the recent US Dollar May-June signals. No whipsaws and playing the surprise Brexit vote just right. Great stuff!

Take a minute to take a minute to click on our bond trading tab. Our signals took the profits in the early month while holding the long interest rates position later. It never sold rates, hinting at higher rates to come. The TBT went higher outside our test window. A nice tip-off for the future!

Check out the energy tab. We tracked crude during the run up to the US presidential election. There was plenty negativity with a surprise ending. See how nonlinear analysis walked us through it!

GH Garrett – Chief Market Analyst for  © 2015-2018, “Nonlinear trading signals that matter in bitcoin trading.”