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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 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. …
Possible Deep Dive Ahead in Cryptocurrencies By, Gabriel Grammatidis Read More »
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 …
Update on Cryptoassets as of July 20, 2021 By, Van K. Tharp, PhD Read More »
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 …
A New Class of Risk On Assets By, D. R. Barton, Jr. Read More »
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 …
Update on Cryptoassets as of June 15, 2021 By, Van K. Tharp, PhD Read More »
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 …
May 2021 Market Update Bull Normal Market Type By, Van K. Tharp, PhD Read More »
“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 …
Special Update on Cryptoassets as of May 26, 2021 By, Van K. Tharp, PhD Read More »
(VIDEO) BTC vs. Altcoins: A Divergence From May 17, 2021 By, Gabriel Grammatidis Read More »
Update on Cryptoassets As of May 15, 2021 By, Van K. Tharp PhD Read More »
Update on Cryptoassets As of April 16, 2021 By, Van K. Tharp, PhD Read More »
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