Long patterns are appearing in several different timeframes and across a wide range of coins—a sign of bull strength. Will Ethereum catch up to the price of Bitcoin? Will we soon see BTC break 50k? Gabriel guides us through the charts in his September 1st Crypto Update. https://youtu.be/OUniOOtWn_4
The Cryptocurrency market is in a vulnerable position right now and I believe prices will break lower, making a deep dive towards $20K in BTC—representing another 50% decline in prices. I think another deep decline would actually be healthy for the long-term Crypto Bull to continue for another couple of years! Why do I think…
Market Summary Bitcoin hit a new all-time high of $64,863.10 on March 13th but it has been going down since then and hit a low of $30,681 on May 19th. After moving sideways for a month, BTC hit another low of $28,893 on June 22nd. Then it rallied 17% in a single day and since…
Back in 2019, I wrote of series of articles about bitcoin and declared that traders and investors were treating it as its own asset class. That part has not changed. When we look at bitcoin action today, it does not directly correlate for any length of time with any other asset class. But what is…
Market Summary Bitcoin hit a new all-time high of $64,863.10 three months ago on March 13th but it has been going down since. The recent low was on May 19th at $30,681 and since that time, it’s been in a channel between $30K and $40K. The following chart shows the channel quite clearly. https://www.coindesk.com In…
I always say that people do not trade the markets; they trade their beliefs about the markets. In that same way, I’d like to point out that these updates reflect my beliefs. I find the market update information useful for my trading, so I do the work each month and am happy to share that…
“I’d rather own Bitcoin than Bonds.” Dalio, Ray. Ray Dalio: ‘I Have Some Bitcoin’. “CoinDesk Forum.” 24 May 2021. I’m doing a special update on cryptos because of the recent crash. My belief says we just had a mini-bear market within a major bull market and there is still great opportunity ahead in this market….
[vc_row][vc_column][vc_column_text] We see some very interesting market dynamics with the recent sell-off in BTC price. For the first time in a long time, we see a divergence of BTC vs the Altcoins: While BTC has gone sideways for a good number of weeks now and just broke lower, many Altcoins have increased in price a…
[vc_row][vc_column][vc_column_text] PLEASE NOTE: This update was written over the weekend on May 15th and 16th. Since then, cryptos went through a blood bath Tuesday night. Our models use closing price data so I did not re-run the numbers because the spreadsheets would not be able to reflect the big drop until tonight’s close. While I…
[vc_row][vc_column][vc_column_text] Market Summary BTC hit a new all-time high of $64,863.10 on March 13th, but the Bloomberg Galaxy Crypto Index (BGCI) had almost the same value as the prior month at 2195.6. Fast forward one more month. BTC again hit a new high of $64,836.10 on April 14th and the BGCI is now at 2931.8….
End of content
End of content
Learn five pillars every trader must master. Download your free copy and take the first step to achieving trading excellence.
Learn five pillars every trader must master. Download your free copy and take the first step to achieving trading excellence.
Learn five pillars every trader must master. Download your free copy and take the first step to achieving trading excellence.
