Bitcoin Technical Analysis
| BTC Crypto | USD 69,354 119.40 0.17% |
As of the 4th of November, Bitcoin shows the Mean Deviation of 2.11, risk adjusted performance of 0.0674, and Downside Deviation of 2.87. Bitcoin technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices.
Bitcoin Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bitcoin, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BitcoinBitcoin |
Bitcoin technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
Bitcoin Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Bitcoin volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Bitcoin Trend Analysis
Use this graph to draw trend lines for Bitcoin. You can use it to identify possible trend reversals for Bitcoin as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bitcoin price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Bitcoin Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bitcoin applied against its price change over selected period. The best fit line has a slop of 195.07 , which means Bitcoin will continue producing value for investors. It has 122 observation points and a regression sum of squares at 1.43918051743E9, which is the sum of squared deviations for the predicted Bitcoin price change compared to its average price change.About Bitcoin Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Bitcoin on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Bitcoin based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on Bitcoin price pattern first instead of the macroeconomic environment surrounding Bitcoin. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of Bitcoin's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to Bitcoin specific price patterns or momentum indicators.
Bitcoin November 4, 2024 Technical Indicators
Most technical analysis of 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 Bitcoin from various momentum indicators to cycle indicators. When you analyze Bitcoin charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0674 | |||
| Market Risk Adjusted Performance | 0.2687 | |||
| Mean Deviation | 2.11 | |||
| Semi Deviation | 2.54 | |||
| Downside Deviation | 2.87 | |||
| Coefficient Of Variation | 1272.22 | |||
| Standard Deviation | 3.22 | |||
| Variance | 10.37 | |||
| Information Ratio | 0.0582 | |||
| Jensen Alpha | 0.1909 | |||
| Total Risk Alpha | 0.0078 | |||
| Sortino Ratio | 0.0654 | |||
| Treynor Ratio | 0.2587 | |||
| Maximum Drawdown | 19.64 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 6.13 | |||
| Downside Variance | 8.22 | |||
| Semi Variance | 6.45 | |||
| Expected Short fall | (2.35) | |||
| Skewness | 0.6072 | |||
| Kurtosis | 3.13 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.