The Psychological Barrier of a $100k Bitcoin with Willy Woo

 
 
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“You’re definitely a moron… if you sell in a bullrun and try to buy back lower, that doesn’t work.”
— Willy Woo

SHOW DESCRIPTION

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. 

Willy explains how he uses models that rely on moving averages to observe the rising “natural price” 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. 

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.

TIMESTAMPS

00:05:58: Introductions
00:07:43: Peter's Bet
00:09:14: The traders' ascending triangle
00:12:49: Bitcoin's current triangle
00:14:54: The countertraders and their effect on the price
00:18:11: Willy's Q2 price predictions
00:20:54: Modelling
00:23:53: Fibonacci retracement lines
00:25:37: Peter's hedging his bet
00:33:08: Deribit
00:38:06: Willy's bet
00:45:28: Are psychological levels real?
00:48:08: Altcoin season
00:51:26: Trading altcoins?
00:54:37: Willy's trading strategy
00:58:18: Bitcoin rewards conservative strategies
01:00:29: Psychological barrier, everything's just emotion
01:03:23: Bitcoin in 2012/2013
01:07:09: Missed opportunities
01:10:48: Final Comments


 

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SHOW NOTES

PodcastPeter McCormack