LETTERS IN FINANCE

The Bigger Picture – Weekly Timeframe There has been a general downtrend from the highs in July 2024, with a few pullbacks along the way. The current price is near a recent support level around 1049, as marked by the green line at the bottom. The alternating red and green candles show volatility, with some periods of consolidation before price moves lower. On the chart above, I added the MA and RSI indicators: 20-day Moving Average – yellow 50-day Moving Average – grey 200-day Moving Average – dark blue The price is consistently below the 20-period moving average, confirming the ongoing downtrend. The 20-period moving average is acting as a dynamic resistance level. Any price movement towards this line might encounter resistance, making it a possible entry point for short positions in a bearish trend. If the price manage...

I was introduced to synthetic indices back in 2019. I don’t remember exactly who showed them to me, but I vividly recall my first $50 deposit. I blew the account in under 10 minutes on a Volatility 75 Index trade. I of the V75. That initial trade was painful, yet it marked the start of my journey, leading me to put more money in without fully processing what had happened in that first trade. Leading to a huge loss in the markets trading forex. Over time, my focus shifted as I tried to make sense of different volatility indices, eventually finding myself drawn to the Volatility 100 Index (V100). Unlike others, V100 kept pulling me back. In 2020, I joined a btmm mentorship program centered on “boom and crash” indices, but I applied everything I learned to V100. Since then, I’ve seen wins and losses with V100, and I’ve decided to share what I would have wanted to kn...