Hello hivers! During the last couple of weeks we have seen a very bearish market, this is may be explained as the crypto market raised a lot and a correction was obviously neccesary.
At the time of writing this, the bitcoin daily chart looks like this:
As you can see a yesterday night was a nice time to buy some crypto as the rsi slightly touched the 30 RSI with a window size of 13. This means that an oversold was happening (maybe panic sellers as bitcoin broke a descending triangle).
However, I have been developing a new automated strategy that showed good results even if the whole market is crashing as seen below:
This strategy was backtested during the timerange 20210404-20210424 (20 days). With almost 100 trading pairs always trading in spot.
As you can see results are very good, however im always trying to improve this performance as when the market crashes very heavily it performances better than holding a coin but it still looses.
The library i use is https://www.freqtrade.io/en/stable/ for anyone that is interested to develop a automated trading strategy with coding skills.
Thanks for reading,