Apophis Price Action Strategy

The Apophis Price Action Strategy is a method of billable negotiation in the analysis of the basic movements of the price, to generate

signals of entry and exit in trades and that stands out for its reliability. It is a form of technical analysis since it ignores the fundamental

factors of the asset and looks primarily at the price history. What differentiates it from most forms of technical analysis is that its main

focus is the relation of a crypto asset’s current price to its past prices as opposed to values derived from that price history. This past

history includes swing highs and swing lows, trend lines, support, and resistance levels.

Strategy

Apophis price action strategy leverages a momentum investment strategy successfully back-tested over a three-year-long timeframe.

It is designed to go long ETH, UNI, BNB, etc in case of breakouts, when specific resistance levels are crossed, and to exit its positions once

predefined support levels are broken.

Support and resistance levels are calculated by combining Fibonacci retracements and moving averages. The Apophis price action strategy

has outperformed the ETH market since its inception, in both bull and bear configurations.