What Bitcoin Did

View Original

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

Peter McCormack

Interview | Description | Timestamps | Show Notes

See this content in the original post

iTunes | Google | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

Your browser doesn't support HTML5 audio

The Psychological Barrier of a $100k Bitcoin with Willy Woo - WBD335 Peter McCormack

Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.

See this content in the original post

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.

See this content in the original post

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


See this content in the original post

SUPPORT THE SHOW

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

SPONSORS

See this content in the original post

Connect with Willy:

Mentioned in the interview:

Other relevant WBD podcasts:

See this content in the original post