I am focusing this weekend on different indicators to use with a StockCharts two symbol comparison chart; $USD:$BTCUSD.
Because Bitcoin trades 7 days a week, and the dollar only 5, I get similar but different results when I chart $BTCUSD:$USD. The $BTCUSD:&USD chart produces two day gaps in the chart.
Lifting the trading signals from each chart and placing them both on a $BTCUSD chart produces the below. An interesting view, but not my intended use.
I intend this trading 'process' for use with the new 2x leveraged Bitcoin ETF's, and should work more so with the expected 3x EFT's once they become available.
So far, the most tradable swing trading indicator I have found to use is the MACD with the default 12,26,9 values. RSI and VI appear to be ineffective. I would welcome any comments or suggestions for alternatives I should consider from you or any others on this board. TY
Also, Chinese residents will soon have access to Bitcoin ETF's too. Going to need a bigger party tent!
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