Category: Bitcoin (BTC)

Market Update: Macroeconomics and the Crypto Market

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Andrew Elliott

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Let’s take a step back from just the Crypto market this week and look at the broader macroeconomic picture. Some trends are underway that affect fund flows into all markets to include crypto. Fund flows ultimately drive assets higher or lower. Three big trends:   1) Rising interest rate environment puts pressure on risk assets […]

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Market Update: Crypto Capitulation

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Andrew Elliott

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Relax:   1) Fidelity, NYSE, Microsoft, Starbucks, and Nasdaq aren’t getting into crypto because they think it’s a “bubble”. That would be ridiculous. The asset class is here to stay, we are just in the capitulatory phase of a bear market. The question is, where do we bottom?   2) See the charts (scroll down) to get a feel […]

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Is this the 2018 Bear Market Capitulatory Flush?

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Andrew Elliott

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The crypto market is selling off. We are now searching for a new bottom in Bitcoin and by extension the entire Crypto market.   We think this low volatility is signaling a bottom, but if the key $5800 level is breached on Bitcoin (the market leader) then there will be more pain ahead. Luckily for […]

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Why I Sold: The Bitcoin Cash Hard Fork

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Andrew Elliott

In late summer 2017, a hard fork of the Bitcoin protocol resulted in the creation of Bitcoin Cash. This represented a split within the Bitcoin community (the network of users, developers, etc that are involved in a protocol’s ecosystem). A community is like a crypto tribe, a common belief draws them together to build an […]

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2018: What did you think was going to happen?

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D.M. Brooks

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After trading sideways since late summer/fall, BTC made its long awaited move. Unfortunately, it did not move where we were hoping.  When an asset trades sideways, it indicates a big move coming.  This led many who had been beat up during 2018 to hope for positive movement. Positive thinking can only get us so far. […]

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Market Update: November 7th

Quick Take Direction: We’re currently in one of the tightest ranges BTC has experienced since the bear market of 2014. BTC volatility has plummeted and we’re at the lowest point ever on the .BVOL index since BitMEX started running calculations back in Feb 2017.     Bitcoin dominance peaked at about 55% this cycle, and has slowly […]

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Forecasting Bitcoin Price With Crowdsourced Algorithms: Part II

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directbus

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TL;DR: This is the second article in my series on how I created an algorithm to predict the price of Bitcoin. In this article I am sharing all of my lessons learned and proposing a novel approach. In my last article I created an algorithm that predicts the Bitcoin (BTC) price with a 29% investment return […]

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$100 Trillion

Last Friday, Yale, the iconic long-term investor that other endowments look to for guidance, made a historic investment in two funds dedicated to crypto, signaling to many that institutional floodgates are officially open. As the manager of one of the more established cryptofunds, we often get asked, “How big can crypto really get?” The short answer is: […]

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How I Created a Bitcoin Trading Algorithm Using Sentiment Analysis With a 29% Return

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directbus

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TL;DR: I’ve created a formula that predicts whether you should buy or sell Bitcoin based on daily exchange price data and Google Trends keyword sentiment. The model produced a 29% return over 90 days for a $28,839 profit. To what degree can Bitcoin (BTC) price be predicted? What if publicly available data from Google Trends can help […]

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