Know When to HODL, Know When to FODL How to Trade Bitcoin Like a Pro
, by Leahy , Eoghan
- ISBN: 9781119661177 | 111966117X
- Cover: Hardcover
- Copyright: 2/28/2024
The buy and hold Bitcoin bull market from 2015-2018 was about access not skill. Now as financial institutions are entering the market the price action will become less volatile and more mean reverting in nature. As such the trading practices and instruments needed for success will become more sophisticated. In futures markets where other speculative commodities are traded technical analysis is widely used. The level of technical analysis knowledge amongst the cryptocurrency trading community is very basic. The group is desperate to learn advanced technical analysis trading techniques that can help them profit in the new post-bubble cryptocurrency landscape.
The meteoric rise of Bitcoin has opened the door for a new asset class of Cryptocurrencies. However, the sharp selloff since late 2018 following the introduction of the Bitcoin futures suggests that simple buy and hold strategies may no longer prosper.This book will teach retail traders how to apply some more sophisticated financial analysis and trading techniques to Cryptocurrencies. Equipping them with the tools they need to survive and thrive amongst the professional traders that are flooding into the crypto market space.
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