A BTC swing trading strategy with 805% returns since 2015.

Welcome to the Daily Coinsauce Newsletter, its good to be back. If you like our regular updates, then let us know with a “Yes” vote and a feedback comment at the end. Let’s get straight into today’s highlights.

📅 Today

🔍️ Market Outlook For The Week

• Overall Bias - Cautious 🙏 

• BTC dipped to it’s 200 Daily EMA at ~$60,000

• It is crucial that this EMA should hold as support

• This is a crucial price level. If BTC breaks here, further downside can be expected.

• However, historically, Q4 has been the best-performing quarter for BTC so that we can expect some bullish momentum due to seasonality.

• For the bulls, a clear breakout above $67,500 will take BTC to new all-time highs

• It is wise to not take any new leveraged positions till BTC closes above $67,500, and just DCA in spot instead.

A Swing Trading Strategy with 805% Profit since 2015

The images above show the results of an indicator we have created on Tradingview, for swing trading Bitcoin.

This indicator will be crucial for timing the next upswing, helping you enter a position before the momentum builds. A buy signal could be triggered at any moment.

What this strategy excels at:

• Timing large upswings to capture significant gains during bull markets

• Exiting positions near the top, avoiding painful bear markets

• Skipping boring consolidation phases, protecting your capital by reducing exposure during low-opportunity periods

• Doubling potential returns with 2x leverage, all without the risk of liquidation or margin calls

• Avoiding fakeouts by identifying false moves which get investors trapped.

Key features:

• Tailored for Bitcoin with precise execution on the weekly timeframe

• Proven track record with a 75% hit ratio, delivering 805% profit since 2015

• Boasts a Sortino ratio of 7, highlighting exceptional risk-adjusted returns

If you're interested in accessing this indicator, cast your “Yes” vote and share your feedback at the end.

We also have other strategies (non-coded) for intraday and short term traders with success ratios of 70% to 90%.

FTX Redistribution Approved ❗️ 

U.S. Bankruptcy Judge John Dorsey just gave the thumbs up to FTX's plan to wind down its operations and pay back users.

At the October 7th session in the Delaware court, the judge approved FTX's liquidation strategy, which aims to refund 98% of users with around 119% of what they originally claimed.

This move comes almost two years after FTX went bankrupt in November 2022, sparking both criminal charges and lawsuits

ETF Buying Heats Up 🔥 

Yesterday, Bitcoin spot ETF inflows reached $235M, with FBTC at $104M and IBIT at $97.88M leading the charge.

In the meanwhile, Ethereum ETFs had zero net flow.

For BTC to break it’s current consolidation zone, such buy pressure is a necessity and must be sustained over a long horizon. It has been over 220 days since BTC has been consolidating between $49k & $74k.

Generally, such phases of consolidation last for around 220-270 days so BTC seems to be due for a volatile move in either direction.

Our best bet is that the move will be a bullish one to the upside!

📕 Educational

Gold is constantly hitting new all time highs.

Over the last decade, gold prices have more than DOUBLED, marking one of the best rallies in modern history.

Over the last 5 years alone, gold is up 76% and on track to be the best-performing asset class of the year, excluding Bitcoin.

It continues to feel like gold is rising due to longer-term macroeconomic concerns.

Particularly, the US debt crisis and inflation are in focus.

Since the pandemic, US national debt has soared by $12 trillion while the US dollar lost ~25% of its value.

It almost seems like Gold knows there's a long-term crisis brewing here.

Source : The Kobeissi Newsletter

📊 Stat of the day

📈 Chart of the day

Rationale :

• $0.3246 is an ATH resistance.

• A weekly close above this level will be bullish.

• Geod has been outperforming most other alts since 3 months.

• Look out for high volumes on the breakout for confirmation

• RSI still has plenty upside to continue the rally

• Buy volumes have remain relatively high throughout these months

• This is a weekly chart so the price action could take time to play out.

• Source : Cointraction

🤣 Meme of the day

That concludes our update for today!

We appreciate you joining us for the latest news. Our aim is to provide the best in class insights and highlights that keep you well-informed and ready. Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!

Disclaimer : None of the content shared in the newsletter is financial advise. Always do your own research and analysis before investing.