A Bitcoin Momentum Trading Strategy | With Rules and Backtest

Momentum trading is a popular strategy used by traders who aim to buy securities that have been showing an upward price trend and short-sell securities that have been showing a downward trend. It uses the strength of price movements as a basis for opening positions and is based on trend following.

Richard Driehaus is considered the father of momentum investing because he used the strategy to run his funds. Momentum traders assess the trend and strength of the trend in the market, using different technical indicators and sentiment indicators.

They seek to buy the top-performing stocks and ETFs in a bullish market and short-sell the weakest stocks in a bearish market. Research shows that the performance of the latest 1-3 months performance tends to continue for a few months more.

Learn more about momentum trading and how you can use it to make short-term profits.

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