Cryptocurrency

May 2021 Market Update Bull Normal Market Type By, Van K. Tharp, PhD

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 information with my readers. However, if your beliefs are not similar to mine, then this information may not be useful to you. Thus, if you are inclined to go through some sort of intellectual exercise …

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Special Update on Cryptoassets as of May 26, 2021 By, Van K. Tharp, PhD

“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. Market Summary First, our Super Trader system stopped out of BTC on May 15th at $46,877.18 when it closed below our exit price of $49,090. I was a little stunned by that as I thought …

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(VIDEO) BTC vs. Altcoins: A Divergence From May 17, 2021 By, Gabriel Grammatidis

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 lot and only show now a healthy pullback. BTC determines the overall Crypto market type and everything depends now if BTC can regain ground (Rebreak of resistance), or if it needs to pull back even deeper. …

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Update on Cryptoassets As of May 15, 2021 By, Van K. Tharp PhD

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 don’t have closing data for today yet, it’s obviously going to be pretty bad for cryptos. Market Summary BTC hit a new all-time high of $64,863.10 on March 13 but it has been going down since …

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Update on Cryptoassets As of April 16, 2021 By, Van K. Tharp, PhD

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. Let me put this into perspective. In late 2017, I said that cryptoassets were the biggest institution revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions were not ready or …

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March 2021 System Quality Number® Report The SQN® Report By, Van K. Tharp, PhD

There are numerous ETFs that track everything from countries, commodities, currencies, and stock market indices to individual market sectors. ETFs provide a wonderfully easy way to discover what’s happening in the world markets. I apply an index-based version of my System Quality Number® (SQN®) score to measure the relative performance of numerous markets in a world model. The Market SQN score uses the daily percent change for input over a 100-day period. Typically, a Market SQN score over 1.47 is strongly bullish, and a score below -0.7 is very weak. …

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March 2021 Market Update Strong Bull Normal Market Type By, Van K. Tharp, PhD

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 information with my readers. However, if your beliefs are not similar to mine, then this information may not be useful to you. Thus, if you are inclined to go through some sort of intellectual exercise …

March 2021 Market Update Strong Bull Normal Market Type By, Van K. Tharp, PhD Read More »

Update on Cryptoassets as of March 15, 2021 By, Van K. Tharp, PhD

Market Summary The Bloomberg Galaxy Crypto Index hit a year low of 241.61 in early March 2020. Last month it was at 2194.38 after BTC made a new high of $51,630.86. Now, fast forward one month to today – BTC hit a new all-time high of $61,683.85 on March 13 and has fallen back to $56,479 (at the time of this writing), but the BGCI is almost at the same value as last month at 2195.6.   Courtesy: https://www.bloomberg.com/quote/BGCI:IND Let me put this into perspective. In late 2017, I said …

Update on Cryptoassets as of March 15, 2021 By, Van K. Tharp, PhD Read More »

February 2021 System Quality Number® Report The SQN® Report By, Van K. Tharp, PhD

  There are numerous ETFs that track everything from countries, commodities, currencies, and stock market indices to individual market sectors. ETFs provide a wonderfully easy way to discover what’s happening in the world markets. I apply an index-based version of my System Quality Number® (SQN®) score to measure the relative performance of numerous markets in a world model. The Market SQN score uses the daily percent change for input over a 100-day period. Typically, a Market SQN score over 1.47 is strongly bullish, and a score below -0.7 is very …

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