The Papabear strategy used the 13 'Spyder' S&P sector ETF's, and trades once a month.
I applied some of its elements to crypto, but on a weekly period, not a monthly period.
Unfortunately, I started this adventure (first post above) when Bitcoin was trading at $57,500 in early May and declared defeat 5 weeks later in mid-June when Bitcoin was trading at $35,000. I failed miserably. Lost 50% of my starting amount in those 5 weeks.
I made some adjustments, started trading on a daily basis, and kept it all to myself. Then coincidently, and fortunately, Bitcoin bottomed in late June and started rising in late July, and this is when I observed 'a rising tide float all boats'.
Also, I took M's logic of trading with 5 altcoins at a time and applied it to what I was doing, and it helped.
Here is what I am doing. I created these slides for my kids, but you might find them useful too. -
I generally start with $10,000 worth of USDT. Nothing magical about $10,000. My kid are doing this with a lesser amount.
I buy the top 5 coins with $2,000 USDT each. Then on day 2, I again perform the ranking and stacking process to identify the new list of top 5 coins. For any coins that are repeats from the previous day, I do nothing. Continue to hold them. For those that are new to the list, I 'convert' one of the coins that is no longer on the list into one that is.
Does this sound familiar with M's weekly program? It should.
I rinse and repeat this every day. Does not matter the time of day, just that you do so roughly the same time every day, a full 24 hours between. Remember crypto trades 24/7/365, so weekends and holidays too. If I am ever going to be away from a keyboard for an extended time, I convert it all back into USDT (go to cash).
When TradingView Total3 chart is rising, I have turned $10,000 into $20,000 in as little as 10 days. When it is flat or falling (as it has been for the past ~2 weeks now) It takes longer.
Once I exceed $20,000, I convert everything over the starting $10,000 into Bitcoin, and start all over again with the remaining $10,000. I have done this several times now.
The next two slides are my actual moves. I started this process over again this Saturday 8 days ago. I had a couple of very good days and this week, and one bad one yesterday.
I generally do this in the morning after I get up and before I leave for the office. Between 5 and 7 AM CST. I take 10-15 minutes or so to scan the markets and make a note of what I should watch that day, and also make the Coinbase crypto trades.
This could all stop working tomorrow, but I don't think so.