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Seeking Alpha 2023-04-23 05:10:30

Sell Bitcoin In May And Go Away (Until It Crosses This Moving Average)

Summary If we get a hard landing, expect speculative assets to do poorly again. For a recession, we recommend exposure to BTC-USD ETFs (short). Bitcoin historically has responded well to the 23-day moving average. Bitcoin just dropped below its 23-day moving average last week, making it a “sell”. As we move into the summer, this system has led to avoiding 17.04% drawdowns when the sell signal is right or encountering -5.59% losses when the sell signal is wrong.

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