Created
August 15, 2024 07:55
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This strategy is a momentum and breakout strategy. | |
- The strategy trades ETH and BTC over long term time horizon, doing only few trades per a year. | |
- The strategy delivers similar profits as buying and holding ETH and BTC, but with much less severe drawdowns. | |
- The strategy performs well in long-term Bitcoin [bull market](https://tradingstrategy.ai/glossary/bull-market). | |
- In [bear](https://tradingstrategy.ai/glossary/bear-market) and sideways markets the strategy does not perform well. | |
- It is based on [RSI technical indicator](https://tradingstrategy.ai/glossary/relative-strength-index-rsi), the strategy is buying when others are buying, and the strategy is selling when others are selling. | |
- The strategy deposits excess cash to Aave V3 USDC pool to gain interest on cash | |
- This is the second version of this strategy. [See the earlier version](https://tradingstrategy.ai/strategies/enzyme-polygon-eth-btc-usdc). | |
As the time-in-market os low, the Aave support was added to gain profits on the cash reserves. |
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