The Trade Table which is only available in the Pro version shows that Bitcoin is now an open short-term trade. The holding duration will likely be days not months or years for this strategy. Remember, the Trade Table is different from the Model Portfolio, Bitcoin could stay in the model portfolio for months or years.
The Trade Table is for traders who are looking for quick in and out. The double green arrows under “Long Signals” indicate the trade is now open.
You're not a member! Trial today
To further explain the recent activity in Bitcoin and the difference between the inclusion in the Model Portfolio versus the overnight Trade Table set up. Bitcoin was added to our “model portfolio” 6 days ago and coin investors will hold BTC for months or years, as instructed by the algo engine.
Whereas traders will be following the Trade Table as well, looking for a quick in and out over a few days. The Long Signals mean these coins are under “algo engine” buy conditions and the double green arrows mean the short-term trade is now on. The switch to double green arrows has occurred overnight.
So, it’s a buy today, and hold the position until the SMA arrow turns red.
Another way of expressing this is through the charts. The 1,2 and 3 set up shows the conditions being met in order for the Trade Table to display the dual green arrows. Should the price action move back below the red line, (10-day average) the trade will be closed and the SMA column in the Trade Table will shift to a red down arrow. For now, the buy trade is open and we’ll look for additional buying momentum to start building, helping to keep BTC above the 10 day average.
