Bitcoin model refit finished and issues a sell!

Current Model (version 3.0) positions:

  • $NYXBT (Bitcoin), signals sell, June 1.


Model notes: Yikes, I expected the refresh to take at least a week longer but it didn’t. The signal came based on closing data. The TSP will be the close on Monday. 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:

  • Bear Trend Signal ($NYXBT): The new model starts off with a bear trend signal. We are still above the 6700 lows and the market has not formed any kind of bottom formation. The downtrend is still in effect. Our belief is that the nonlinear model (now v3) will give us the inside scoop when we hit the near-term support level. The current model ‘feels’ good (and stable).

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.”