This is a long and detailed text about Bitcoin trading and analysis using various technical indicators and tools provided by VantagePoint software. Here’s a summary of the main points:
Introduction
The text starts by explaining that Bitcoin’s potential advantage lies in its scarcity, being an uncontrolled asset not influenced by governments or banks.
Intermarket Analysis
The author explains that intermarket analysis is essential for understanding how different markets affect each other and predicting future market movements. They provide a graphic showing the 31 key drivers of Bitcoin’s price.
VantagePoint Software
The text then discusses various features of VantagePoint software, including:
- Daily Price Range Forecast: This forecast helps traders fine-tune their entries and exits into the market.
- Neural Network Forecast: The neural network indicator is used to identify statistically sound trading opportunities by confirming predictions from the A.I. forecast.
- Intermarket Analysis: VantagePoint’s intermarket analysis tool examines statistical price correlations between assets, providing a comprehensive view of the market.
Trading Strategy
The author suggests that traders study the Bitcoin ecosystem and familiarize themselves with its blockchain. They recommend:
- Studying economic history: Understanding how currency has been affected over time is crucial for making informed decisions.
- Comparing performance: Examining Bitcoin’s performance against other asset classes over extended periods can help identify potential opportunities.
- Bitcoin halving: The halving event, which occurs every four years, is a significant driver of Bitcoin’s price movement.
Trading Decision
The author concludes by highlighting that the Weekly and monthly trends are UP, momentum is UP, and Bitcoin has found resistance at its recent 52-week highs. They recommend putting $BTC/USD on the radar and allowing VantagePoint’s A.I. to guide trading decisions.
Disclaimer
The text includes a disclaimer emphasizing the high degree of risk involved in trading and advising readers not to make trading decisions beyond their financial means or with capital they are not willing to lose.
Overall, this text is a comprehensive guide to Bitcoin trading using technical indicators and tools provided by VantagePoint software.