Trading basics: creating an investment portfolio chart[↻70%]
sbdgiveaway·@ivan2018·
0.000 HBDTrading basics: creating an investment portfolio chart[↻70%]
Let's understand how to conduct a technical analysis of cryptocurrency investment portfolios.  To do this, we need the TradingView service, which is convenient to use when trading cryptocurrency. With this service, you can create a synthetic chart and monitor the status of your cryptocurrency portfolio. A synthetic chart is a chart created using a mathematical formula that displays the behavior of at least two financial instruments, in our case cryptocurrency. What for? Technical portfolio analysis will help you to visually assess the volatility of future or existing cryptoperthite and compare investment attractiveness by matching it to the previous yield with the yield of the main cryptocurrencies — BTC. How? First, we need to make a list consisting of two elements: cryptocurrencies included in your investment portfolio, and their number. For example, take the TOP 5 cryptocoins with the highest market capitalization, in addition to bitcoins, and invest in each of them for $1000. We will get the following distribution:  Next, we need to go to the TradingView website, register an account, if you have not already done so, and using a simple mathematical formula, make a chart of your portfolio.  Where Crypto is a quote of the selected cryptocurrency paired with BTC (for example, ETHBTC); V is the number of coins. So, using the data from the table and the formula, we create a query for TradingView, which we will enter in the quote field: ((ETHBTC*1.03 + XRP BTC*847.46 + BCHBTC*0.65 + .*3.92 + ADABTC*2439.02) * BTCUSD  At the output we got a synthetic chart of our cryptocurrency portfolio, which can be analyzed as a normal chart of any cryptocurrency. Now we can already visually assess his behavior: - determine for themselves the average and maximum historical drawdown level, - and average daily volatility. Evaluation of the investment portfolio An important point in the creation of investment portfolios is the evaluation of the alternative. Simply put, we need to make sure that it was profitable to invest in such a portfolio in the past, or it would be better to just invest in bitcoin. To do this, we must add the so-called benchmark to the previously created synthetic chart, in our case it is BTCUSD. Follow the instructions:   In the end, we should get here is a chart that allows you to compare the previous profitability of your investment portfolio with the yield of bitcoin in the same time interval.  As you can see, in this case, investments in today's top 5 cryptocurrencies would bring a maximum of about 900% of profit since October 2017, and at the same time investments in bitcoin could show a maximum of about 320% of income. Both are colossally large, but investment in altcoins would be more attractive. The next thing we can do is visually evaluate the correlation between the two charts, i.e. the value of our portfolio and the value of bitcoin. To do this, change the candle chart on the line and look:  As you can see, since about January 15, 2018, our synthetic chart (portfolio) has a fairly strong positive correlation with bitcoin. This means that it almost completely repeats the nature of bitcoin price fluctuations. This behavior may be due, first of all, to the absence of any external factors affecting exclusively our portfolio, for example, important news on our cryptocurrencies. On the other hand, such behavior of charts may indicate a strong influence of global (in the context of the cryptocurrency industry) news on the whole market and a strong statistical dependence of altcoins on bitcoin.
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