Cryptocurrency

Update on Cryptocurrencies As of December 15th, 2021 By, Van K. Tharp, Ph.D.

In May 2018, Bloomberg announced that they had formed a cryptocurrency index called the Bloomberg Galaxy Crypto Index. Since Bloomberg only caters to institutional clients, an index of this nature was one of the first steps toward widespread institutional involvement. The index tracks five major crypto assets: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and EOS (EOS). The index started in May 2018 at 1,000. It reached a new peak in March 2021 of 3,765, dropped significantly until July 19th, and then set a new high on November …

Update on Cryptocurrencies As of December 15th, 2021 By, Van K. Tharp, Ph.D. Read More »

Big Money Power Games: The New Move Into Cryptoassets By, Van K. Tharp

Our readers will have to patiently stand by for the December Cryptocurrency Update until next week. Wednesday, the 15th of December (the last day of data collection) closes late, delaying our publication. So, today I want to focus on some of the material that likely would have gone into that update. Let’s start with 2017, when I first said that cryptoassets were the opportunity of a lifetime. Here are some examples of “Big Money” quotes at that time. Avoid BTC like the plague. There is nothing to support BTC except …

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November 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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Update on Cryptocurrencies As of November 15th, 2021 By, Van K. Tharp, Ph.D.

In May 2018, Bloomberg announced that they had formed a cryptocurrency index called the Bloomberg Galaxy Crypto Index. Since Bloomberg only caters to institutional clients, an index of this nature was one of the first steps toward widespread institutional involvement. The index composition changes regularly but we will just show the graph because so many institutional investors follow it. Similarly, there are many indices for crypto that institutional investors now follow. For example, Bitwise has also opened the Bitwise 10 Crypto Index Fund and you can actually invest in. it. …

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Update on Cryptocurrencies as of October 15, 2021 By, Van K. Tharp, Ph.D.

We did not publish a Crypto Update last month in mid-September. My laptop had crashed (the whole motherboard had to be replaced) and we started driving back home to North Carolina from Las Vegas. Thus, I have a lot to catch up on with you this month. Bloomberg announced in May 2018 that they had formed the Bloomberg Galaxy Crypto Index which was significant for several reasons. First, Bloomberg only caters to institutional clients. An index of this nature was the first step to widespread institutional involvement. The index tracks …

Update on Cryptocurrencies as of October 15, 2021 By, Van K. Tharp, Ph.D. Read More »

Possible Deep Dive Ahead in Cryptocurrencies By, Gabriel Grammatidis

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 so? In this video, we will learn – Why a deep pullback is needed from a long-term bullish perspective (Monthly chart). Various reasons why the likelihood of a deep dive in Crypto prices is high. …

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Update on Cryptoassets as of July 20, 2021 By, Van K. Tharp, PhD

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 then, it has been in a channel between $30K and $40K. The following chart shows that quite clearly. https://www.coindesk.com/price/bitcoin Thus, we are either due for more of the same or it will eventually move out …

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A New Class of Risk On Assets By, D. R. Barton, Jr.

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 interesting (and tradeable) is the cycle that crypto has with the S&P 500—from negatively correlated (moving in opposite directions), to uncorrelated (price moves having no relationship to each other), to moderately correlated (prices moving together …

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

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 late 2017, I said that cryptoassets were the biggest institutional revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions were not ready or capable of participating in that revolution …

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