BITCOIN STILL Continues Bearish trend

BITCOIN STILL Continues Bearish trend Feb 08 2025
Welcome to Pete’s investing updates
in this strategy edition we will be talking about trading using the Commodity Channel Index Indicator with a weighted moving average, and applying a % Gain and Average Down approach.

#BITCOIN #sharetrading #averagedown #MovingAverage #CCI #CommodityChannelIndex #divergence #TradingIdea #HeikenAshi

Become a PetesInvesting Patreon member with weekly scans on Bullish Shares across various world stock markets.
https://www.patreon.com/petesinvesting

Follow my X (Twitter) account to view changes on the fly in between video postings:
https://x.com/eight_pete

Pete's Multiple Indicator Indicator
https://youtu.be/2uGsgJ54DNw?si=qk7Ylq8R7Lw2LNNS

Multiple Moving Average on Price and CCI150
https://youtu.be/CFvryakYpZo?si=O8kxDoEA0OAl5IRt

Mult MA Oscillator strategy
https://youtu.be/u7gC6uFLskM

Don't forget...
First always remember to review petesinvesting channel playlists

Updated every weekend I look at the charts of some select blue chip shares as well as some key world sharemarket indices.

As always click on the SUBSCRIBE button as well as the NOTIFICATION bell and LIKE this video to support this channel.

If you want me to review an Index a share, a commodity or a FOREX pair, put it in the comments and I'll cover it in a future video

Things
to consider:
•We track and trade on a Daily chart since we want to back test and see results of trades back during the GFC as well as Covid effects.

•We track and back test Revenue over Drawdown requirements
(as a %) to optimize our returns with less exposure.

•Brokerage is included in our back testing. I use $8 per transaction each time we buy or sell. Revenue shown may change slightly depending on your brokerage costs.

•Our Back testing transacts with $2,000 per trade. ie everytime you purchase $2k worth of shares in the instrument you want to invest.
To increase Revenue (ie returns) simply increase this. But beware this will also increase your Drawdown, so ensure you factor in this with your money management strategy.

Lets get started

Remember...

Don't forget to subscribe / LIKE and hit the notification bell and review the PETESINVESTING channel playlists for further reference.