Cryptocurrency

Update on Cryptoassets as of May 15th, 2020 by, Van K. Tharp, PhD

  Market Summary On March 14th, the Bloomberg Galaxy Crypto Index was at 241.61 after reaching a low of 217.82. And the total market cap of cryptos dropped by about $120 Billion. Today, after two months, we have some recovery to 359.29 as of close on May 15th. However, the BTC halving took place on Monday 11th around 4PM. That means that the BTC miners as a whole will now produce 6.25 BTC every time minutes. That’s down from 12.50 prior to the halving. And it used to cost about …

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April 2020 System Quality Number® Report The SQN® Report by Van K. Tharp, Ph.D.

  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 a 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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Update on Cryptoassets as of March 15th, 2020 By Van K. Tharp, PhD

I’m writing this article on March 14th as we are getting ready to go to South Africa (JFK in NY, to Doha Qatar, to Johannesburg, SA starting on Monday). As a result, I will update the article tomorrow if anything significant happens overnight. All sorts of people have said cancel this trip and don’t go. But I don’t have the fear that most people have. For example, we will be in Botswana for most of the trip and in Zimbabwe for one day to visit Victoria Falls. I have to …

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Special Market Update on Panic Selling By Van K. Tharp, Ph.D.

I’ve been a coach for traders and investors since 1982 – almost 40 years – but I don’t remember anything like the panic selling of the last few weeks. Even though the coronavirus might not be much different than the flu, it has the ability to greatly damage the worldwide economy, especially cruise ship, hotel, and airline companies. For example, I think there’s a warning that U.S. seniors should not fly in airplanes right now. To show you my level of concern, however, let me list my upcoming itinerary: 1) …

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December 2019 Market Update – Bull Quiet 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 own 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. If your beliefs are not similar to mine however, this information may not be useful to you. Therefore, if you’re inclined to conduct some sort of intellectual exercise in …

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Update on Cryptoassets as of December 15th, 2019 By Van K. Tharp, PhD

Market Summary Cryptoassets started 2019 with three flat months followed by a strong uptrend until the end of June when the Bloomberg Galaxy Crypto Index (BGCI) peaked. The peak in the index this year was on June 26th at 668.61. You can see the clear decline since the Peak in June. Last month the index was at 366.20 and now it’s at 280.27 – down 23%. The following table below tracks the price of five major cryptoassets across three generations of the technology now along with Bloomberg’s index: Bitcoin, a …

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Crypto Update – Heavy Altcoin Selling Today By Gabriel Grammatidis

After today’s strong sell-off in the Altcoins I am expecting to see new lows (Weekly chart) in the coming weeks. The Altcoins already lagging BTC quite a bit, new lows will trigger a panic with the Crypto-perma-bulls who should then become desperate throwing the towel. This is the moment when the weak hands change with the strong ones. As long as BTC remains above the 3200 level (the last major low) my bullish case for BTC >100,000 is still valid. Watch Gabriel’s video below:

Update on Cryptoassets as of November 15th, by Van K. Tharp, PhD

A lot of things are happening in the crypto world but none of them seem to be driving prices up. In September BTC went into a bear market according to our Market SQN® score and it was a pretty clear bear trend on the charts. In mid September, for example, the GBCI index was at 405.65. Mid month October, the index was down to 358.28. Market Summary Cryptoassets started 2019 with three flat months followed by a strong uptrend until the end of June when the Bloomberg Galaxy Crypto Index …

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Have You Heard the Starting Shot For Bitcoin As Well?, by Gabriel Grammatidis

Just a few days ago on the 25th of October, the price of Bitcoin surged by a staggering +42% within 15 hours representing one of its biggest moves since its inception in 2009. Even for a volatile asset class, this move was very big — BTC jumped 3,000 points from $7,300 to more than $10,400. It is interesting to note that Bull markets often start with an exciting initial move that makes market actors aware of the fact that something is going on. What might actually have happened that made …

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October 15th Update on Cryptoassets, by Van K. Tharp, PhD

A lot of things are happening in the crypto world but none of them seem to be driving prices up. Last month BTC went into a bear market according to our SQN® 100 index. And it was a pretty clear bear. It’s still there despite BAKHT being active. Last month, for example the GBCI index was at 405.65. Today, as you can see from the chart below, it’s at 358.28. Cryptoassets started the year with three flat months followed by a strong uptrend until the end of June when the …

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