Sirwin
Sirwin

1 April 2021 (THU)- Bitcoin (BTC) Daily Risk Report


Investment Disclaimer:
  • I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
  • Past performance presented here is not an indicator of future performance.
  • This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.

1. Top 4 Good News for BTC HODLERS !!!

There is a positive progress on BTC as it has slowly being legalized and accepted by major institutional players.

2. Top 4 Bad News for BTC HODLERS !!!

On the other hand, Bitcoin does raise some regulatory concerns from renowned investors like Ray Dalio and Michael Burry, worrying that government institutions around the world would ban Bitcoin as BTC gains control over weakening fiat currencies.

3. How Bitcoin Performs Relative to Other Cryptos ?

Ranking

As of 1 April 2021, Bitcoin has made a cumulative return of 820.0% since Jan 2020 and 201.31% since Jan 2021. It is currently the 9th greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.

4. Technical Analysis on Bitcoin

4.1. Volume Weighted Average Price (VWAP)

VWAP

4.2. Moving Average Convergence Divergence (MACD)

MACD

4.3. Bollinger Band

Bollinger Band

4.4. Relative Strength Index (RSI)

RSI

Based on the technical analysis presented above, quantdoge holds a neutral stance on the short-term price outlook of Bitcoin.

5. Bitcoin Risk Profile

VaR

Daily Return

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of BTC defined above, BTC risk profile remains the same as 10 days ago on 23 March 2021.

If you are into Ethereum (ETH) and Chainlink (LINK), I have made a similar analysis on them at:

If you like my analysis and articles, please follow me at @quantdoge for daily updates. 

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


Daily Crypto Risk Report
Daily Crypto Risk Report

This blog was created by quantdoge, a data scientist in the cryptocurrency and blockchain space to publish daily risk reports on different cryptocurrencies. All published reports in this blog were analyzed with in-house algorithmic trading and quantitative risk management technology. ** Investment disclaimer: ** I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.

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