It's interesting that you did this, I recently backtested a trend-following approach with bitcoin/GBTC as well after reading about the approaches that turtle traders used. It seemed to me that the approach worked much better in early years and has kind of settled down in the last few years. Maybe bitcoin is morphing into something more equity-like. I think it's worth following up on though.
Thanks for sharing! 2017 was definitely exceptional, but the strategy I shared performs relatively well in recent years, too. Having said that, Bitcoin itself has a short history, so who knows? ;)
It's interesting that you did this, I recently backtested a trend-following approach with bitcoin/GBTC as well after reading about the approaches that turtle traders used. It seemed to me that the approach worked much better in early years and has kind of settled down in the last few years. Maybe bitcoin is morphing into something more equity-like. I think it's worth following up on though.
Thanks for sharing! 2017 was definitely exceptional, but the strategy I shared performs relatively well in recent years, too. Having said that, Bitcoin itself has a short history, so who knows? ;)