Bitcoin Buy Hold or Sell Recommendation
| BTC Crypto | USD 98,465 28.50 0.03% |
Assuming the 90 days trading horizon and your complete indifference towards market risk, our recommendation regarding Bitcoin is 'Cautious Hold'. Macroaxis provides Bitcoin buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Bitcoin positions.
Check out Bitcoin Technical Analysis. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Bitcoin |
Execute Bitcoin Buy or Sell Advice
The Bitcoin recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Bitcoin. Macroaxis does not own or have any residual interests in Bitcoin or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Bitcoin's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Solid | Details | |
Volatility | Very volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Risk of Devaluation | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details |
Bitcoin Trading Alerts and Improvement Suggestions
| Bitcoin appears to be risky and price may revert if volatility continues |
Bitcoin Returns Distribution Density
The distribution of Bitcoin's historical returns is an attempt to chart the uncertainty of Bitcoin's future price movements. The chart of the probability distribution of Bitcoin daily returns describes the distribution of returns around its average expected value. We use Bitcoin price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Bitcoin returns is essential to provide solid investment advice for Bitcoin cryptocurrency.
| Mean Return | 0.74 | Value At Risk | -3.5 | Potential Upside | 6.41 | Standard Deviation | 3.39 |
Return Density |
| Distribution |
Cryptocurrency investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Bitcoin historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different crypto investement strategies.
Bitcoin Greeks
Most traded cryptocurrencies are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or coin-specific or project-specific) risk. Unsystematic risk is the risk that events specific to Bitcoin project will adversely affect the coin's price. This type of risk can be diversified away by owning several different digital assets on different exchanges whose coin prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Bitcoin's price will be affected by overall cryptocurrency market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Bitcoin crypto's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.68 | |
β | Beta against Dow Jones | 0.47 | |
σ | Overall volatility | 3.25 | |
Ir | Information ratio | 0.19 |
Bitcoin Volatility Alert
Bitcoin currently demonstrates below-average downside deviation. It has Information Ratio of 0.19 and Jensen Alpha of 0.68. However, we advise cryptocurrency investors to further question Bitcoin expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Please note that many cryptocurrencies are speculative and subject to artificial price hype. Ensure you understand the upside potential and downside risk of investing in Bitcoin. We encourage all cryptocurrency investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before the public announcements. Please also check the biographies and work history of current and past project contributors before investing in high-volatility crypto coins. You can indeed make money on Bitcoin if you perfectly time your entry and exit. However, remember that cryptos that have been the subject of artificial hype usually cannot maintain its increased price for more than a few days. The price of a promoted high-volatility instrument will almost always revert. The only way to increase coin holder value is through legitimate performance analysis backed up by solid fundamentals of the project the coin represents. Understanding different market volatility trends often help investors time the market. Properly using volatility indicators enable traders to measure Bitcoin's crypto coin risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bitcoin's price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different cryptos as prices fall or investing in DeFi projects.Bitcoin Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Bitcoin . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 6066.37 | |||
| Daily Balance Of Power | 0.3022 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 98473.99 | |||
| Day Typical Price | 98470.91 | |||
| Price Action Indicator | 5.01 | |||
| Period Momentum Indicator | 28.5 | |||
| Relative Strength Index | 72.39 |
About Bitcoin Buy or Sell Advice
When is the right time to buy or sell Bitcoin? Buying financial instruments such as Bitcoin Crypto Coin isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Bitcoin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Cash Cows Thematic Idea Now
Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cash Cows Theme or any other thematic opportunities.
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Check out Bitcoin Technical Analysis. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.