Wrapped Bitcoin Volatility Indicators Average True Range
| WBTC Crypto | USD 97,530 1,243 1.26% |
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Wrapped Bitcoin volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Wrapped Bitcoin Technical Analysis Modules
Most technical analysis of Wrapped Bitcoin help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Wrapped from various momentum indicators to cycle indicators. When you analyze Wrapped charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Wrapped Bitcoin Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wrapped Bitcoin. We use our internally-developed statistical techniques to arrive at the intrinsic value of Wrapped Bitcoin based on widely used predictive technical indicators. In general, we focus on analyzing Wrapped Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Wrapped Bitcoin's daily price indicators and compare them against related drivers, such as volatility indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Wrapped Bitcoin's intrinsic value. In addition to deriving basic predictive indicators for Wrapped Bitcoin, we also check how macroeconomic factors affect Wrapped Bitcoin price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Wrapped Bitcoin pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Wrapped Bitcoin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Wrapped Bitcoin will appreciate offsetting losses from the drop in the long position's value.Wrapped Bitcoin Pair Trading
Wrapped Bitcoin Pair Trading Analysis
The ability to find closely correlated positions to Wrapped Bitcoin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wrapped Bitcoin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wrapped Bitcoin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wrapped Bitcoin to buy it.
The correlation of Wrapped Bitcoin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wrapped Bitcoin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wrapped Bitcoin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wrapped Bitcoin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrapped Bitcoin. 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. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.