Cryptocurrency Trading: Strategy Development and Institutional Involvement
In this episode, we revisit a presentation by Bruce Powers, CMT which took place in April 2018 at a Dantes Outlook investment conference in New York. Bruce discussed his outlook on the cryptocurrency market, trading strategies and the inclusion of digital currencies in traditional asset management. It was a timely presentation that still matters for investors today. Firms such as Mass Mutual, Ruffer, and Guggenheim Investments are adopting bitcoin as an asset class. And there's growing interest in the investment advisor community. This means the cryptocurrency market is maturing, which will enable greater access for traders and investors. "The crypto market is unique. It's the first global market that truly operates 24/7. There is a strong herding behavior that drives price patterns in the crypto market. For traders, this creates an opportunity to utilize technical measurements," said Bruce in 2018. His optimism rested on evidence of institutional interest that continues to play out. On strategy, Bruce outlined the automation process of short-term directional positions. The presentation also stressed the need to analyze down-moves relative to up-moves in trading.
Dantes Outlook Market Podcast · Damanick Dantes, Bruce Powers
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Show Notes
Bruce Powers is a trader and fellow chartered market technician (CMT) currently based in Florida. You can interact with him via Twitter or LinkedIn.
He has been involved in the financial markets for over 25 years. Bruce has an active media presence, including a column for Wealth Monitor magazine, where he covered commodities, forex, and global markets, and a separate weekly column for Gulf News, plus many more. And we look forward to his updates on the Dantes Outlook podcast throughout the year.
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The information presented is for informational purposes only and should not be considered as investment advice nor as a recommendation of any particular strategy, allocation or investment product: before making any investment decision, you should seek expert, professional advice and obtain information regarding the legal, fiscal, regulatory and foreign currency requirements for any investment according to the laws of your home country and place of residence. Investing involves risk, including the possibility of loss of principal. Any forward-looking statements or forecasts are based on assumptions and actual results may vary from any statements or forecasts.
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