How I avoided the Nov 2022 crypto crash using the Crypto Risk Index

By akohad Feb2,2023

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Another tool in your trading toolbox

Photo by Traxer on Unsplash
Bitcoin Price and Risk Index From Dec 2021 to Dec 2022 from https://cryptomarketbuzz.com/
Bitcoin Price and Risk Index From Dec 2021 to Dec 2022 from https://cryptomarketbuzz.com/

Crypto Risk Index is not a magic bullet. It’s also not a predictive index (no such thing exists!). The Crypto Risk Index only gives you more information about the crypto market at that point in time and it’s another technical index in your trading toolbox. You need to fully understand the underlying fundamentals of the cryptocurrency market and use technical indexes together with your own knowledge, intuition, and risk tolerance when trading crypto assets.

  • Look at short-, mid-, and long-term price/index trends. When the price is lower but the risk is higher between two dates, there’s likely a price correction around the corner.
  • Crypto investment is a risky business, know your risk appetite, have a trading strategy, know when to enter, and have an exit strategy (or HODL strategy).

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By akohad

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