The Psychological Barrier of a $100k Bitcoin with Willy Woo - WBD335
Location: Remotely
Date: Thursday 15th April
Company: Hypersheet
Role: Co-Founder
Bitcoin has broken an all-time high again, rallying to over $64,000 this week, and it appears to be holding its ground with more new investors entering daily.\xa0
Willy explains how he uses models that rely on moving averages to observe the rising \u201cnatural price\u201d of bitcoin and how they help him identify the degree to which it is above or below a specific natural range. If it goes up or down too quickly, for example, it might be a good strategy to use a little leverage to ride it back to a more locally appropriate price.\xa0
Managing risk is very important for traders, and Willy takes the time to explain how he uses various strategies to hedge his bets. He also clarified how I could manage my risk of not winning my bet with American HODL.
In this episode, I talk to on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss moving price targets, hedging my bet with American HODL, and some of the strategies and risks of trading.