You are an analyst at a prominent hedge fund. The fund has allocated $1$ million to explore the investment opportunity in cryptocurrency market. Due to the volatile characteristics of this asset class, the fund management wishes to employ sophisticated volatility forecasting techniques prior to finalising its investment strategy. You are responsible for this crucial undertaking.

Your role is to utilise machine learning to forecast the volatility of cryptocurrencies, providing the overall investment strategy of where, when, and how much to invest to maximise returns and mitigate risk.

You report needs to cover following aspects:

Your volatility models.

Asset allocations $($where$,$ when, and how much$).$

Actual vs modelled performance.

Can you write me a step by step very detailed plan for this assignment and how to exactly do it$($ include what methodology i need to use and what analysis techniques$/$ how to apply them$)$

Part A:

Cryptocurrency Market Analysis $10$

Data Collection & Processing $10$

Modelling Approach $($Methodology$)15$

Volatility Forecasting Analysis $15$

Investment Strategy Blueprint $10$

Performance Metrics & Analysis $15$

Communication, Organisation and Presentation $5$