#BTC Update!
Already Share But Now!
In a much easier way (Based on the risk deviation), we must identify the range first. At the current structure, a wide range is between $73.5k to $61k.
Halfway above is producing a moderate risk deviation (at the super parabolic asset class) and halfway below is producing a super low-risk deviation.
So if you have your buy opened at $61k, you are in a very good position to identify the bottom.
While there is a risk of course the possible wick fishing area is located at $58k which usually there isn't much case we reach this zone unless there a major artificial moves.
So if there is a huge downside move to the green region, I suggest to all in BTC long position because the bottom is "guaranteed" in this area.
You can't identify all of these regions and wick fishing areas manually as it's the work of our quantitative analyst team to calculate the risk produced on each level.
It's all represented in metrics that we made and we apply it to the chart.
The math model that we are using to identify all the things above is a combination between the RNNs (Recurrent Neural Networks) and the linear regression.
It's very useful for short-term trading strategy with its highly accurate winning rate. However for this model to succeed, proper money management is needed.
The basis of this model is adopting the Renaissance Technologies method and we modified it to become more flexible to crypto assets.
If you think you are a mathematical freak, you can learn about this method further to develop your trading skills.
I just want to share as I have never opened the real strategy we are using to analyze the market.
I can say that we still can't leave the patterned technical analysis and fundamentals behind us as it's still becoming the main component to analyze the market well.
The strategy and decision-making in our company are based on a 70% statistical model, 20% patterned technical confluent, and 10% fundamental factor.
