Expecting Imminent ETH Breakout to $2,000 (Weekly Forecast 2/6/21) Ethereum rallied during the week ending 1/31/21, initially falling to the $1,200 level before quickly finding support and rallying up to a new high around $1,467 before settling the weekly candle just below $1,400. ETH continues to knock on the door of major resistance around $1,400 which has been under significant pressure by ETH as it looks primed to break higher any day now. (January 31, 2020 7:30 PM EST)…
Your Last Chance to BTFD in Bitcoin (Weekly Forecast 2/6/21) Bitcoin rallied during the week ending January 31, going back and forth amid high volatility from the Gamestop vs Wall Street war causing Bitcoin to trade in a nearly $10,000 range between $29K and $39K, ultimately closing the weekly candle with long legs but a positive finish just below the $35K level. This is a slightly bullish candle as Bitcoin appears to be trying to put in a bottom here on the weekly chart and…
Always Buy Bitcoin When It's Quiet (2/2/21 BTC Forecast) Bitcoin pulled back a bit on Monday, starting off the month of February with a dip to about the $32,000 level before finding support and recovering a bit to the $33,500 level at the daily close. This is a pretty neutral candle as Bitcoin continues to experience turbulence despite an undeniable wave of bullish market sentiment and fundamental variables, though we'll have to see if Friday's long-wicked candle was a break…
Be Grateful for Ethereum's Slow Burn Higher (2/2/21 ETH Forecast) Ethereum fell a bit on Monday to kick off the week, initially pulling back to about the $1,250 level before finding some support and recovering much of the gains to finish the daily candle slightly negative with a doji. This is a neutral to *maybe* slightly bullish candle as ETH continues to consolidate just underneath the $1,400 level and ATHs as it holds onto a very well-defined uptrend of higher lows and…
Rush to $2,000 ETH Begins (2/3/21 Forecast) Ethereum rallied on Tuesday, breaking decisively above the $1,400 level to spark a bullish breakout higher above $1,500, ultimately closing the daily candle around $1,533. This is of course a tremendously bullish as we have been anticipating as ETH breaks above a tougher than expected resistance level and closes the day near the highs in uncharted territory, forming a new ATH near $1,550 as we look to ride this momentum higher to…
Is 0x (ZRX) Dead... or a Sleeping Giant? Some of you who have been around since 2017 or earlier remember 0x (ZRX), invested in it, and *maybe* still hold it, hoping it'll return to its previous ATHs and you can cash out with a profit, or at least break even. But is this justified or purely blind hope? I took a closer look at the data and compiled the following fundamental and meta-analysis that I believe confirms many peoples' beliefs regarding 0x's decentralized protocol.…
If ETH Pulls Back to $1,400 - Pull The Trigger (2/5/21 Forecast) Ethereum rallied a bit on Thursday, going back and forth between $1,550 and $1,700 levels before ultimately closing the day slightly positive around $1,650. ETH may find pockets of resistance around round, whole numbers in $100 intervals as it rises, similar to Bitcoin in late 2016/early 2017, however, the overall trend is up; no sense in trying to fight it. (February 4, 2021 7:30 PM EST) Ethereum continues…
ZRX Moon Mission has Started (2/8/21 Forecast) ZRX exploded higher on Friday, breaking above the $1 level and more than doubling to over $2 before pulling back a bit, finishing the day with an enormous breakout higher. This is obviously a bullish candle as ZRX has finally started to break out of the doldrums of sub-$1 levels for the first time since the early 2018 alt season. (February 6, 2021 7:30PM EST) Outlook: ZRX lifted off on Friday, officially confirming the bullish…
ETH Not Even Close to Market Top? (2/14/21 Forecast) Ethereum broke out last week, rallying to new highs as it finally and decisively crested the highly contentious $1,400 - $1,500 level, surging to upwards of $1,800 before finding a bit of resistance over the thinly-traded weekend markets, closing the weekly candle around $1,600. This is a tremendously bullish candle as ETH prints an historic and bullish candle, shining a light higher towards prices never seen before.…
Bitcoin Impulsive Wave 3 About to Start? (2/14/21 Forecast) Bitcoin rallied last week, initially starting off slow around the $32K area before slowly grinding up, eventually breaking higher over the weekend to end the weekly candle near the highs just under $40K. This is a bullish turn of events and of course, a very bullish candle as BTC looks to be ready to resume higher after having seemingly completed a typical ~30% correction. (February 7, 2021 8:30PM EST) **Outlook:**…
Will Tesla Lift Bitcoin to $60K? (2/9/21 Forecast) Bitcoin exploded higher on Monday to kick off the week, thrusting higher overnight through the $40K level and even the standing $42K ATH on the news of Tesla's buying of $1.5 billion of Bitcoin and the company starting to accept Bitcoin as payment. This is a tremendously bullish candle as Bitcoin breaks through a resistance level to confirm a resumption of the uptrend and printing a new ATH over $46K before closing the daily…
Ethereum Marching to $2K, then $3K (2/9/21 ETH Forecast) Ethereum rallied on Monday to kick off the week, swinging wildly in both directions, down as low as nearly $1,400 and as high as $1,950 to form a new ATH before pulling back, settling the daily candle around the $1,750 level. This is a volatile albeit bullish candle as ETH experiences quite a bit of turbulence as Bitcoin rallies hard and reasserts its market dominance in the crypto space. (February 8, 2021 8:30 PM EST)…
Elliott Wave Forecast: Has Bitcoin W3 to $94K Already Started? Bitcoin rallied again on Tuesday, extending yesterday's jaw-dropping breakout higher to north of the $47,000 level as Bitcoin continues to work its way up towards the $50,000 level, a major accomplishment for the nascent asset class. Bitcoin is currently in a bullish breakout higher in uncharted territory with no clear signs of resistance or bearish variables, especially with a looming herd of institutional…
ETH Due For Another Breakout Too? (2/10/21 Forecast) Ethereum rallied again on Tuesday, reaching up above the $1,800 level before turning around, closing the daily candle just below around $1,775. Another higher high for ETH as the second-largest crypto continues to grind higher right behind Bitcoin, putting in another all-time high as ETH grinds ever-closer to $2,000 for the first time. (February 9, 2021 8:30 PM EST) Ethereum continued its ascent Tuesday, making another…
Will FAANG Power Bitcoin to $60K? (BTC 2/11/21 Forecast) Bitcoin pulled back a bit on Wednesday, dropping down to about the $44K level before finding a bit of support and recovering to just under the $45K at the close of the trading session. This is a bearish candle but given the recent price action and newsflow, I think today's red candle is more of a speedbump than a pothole. Bull markets are not straight lines up and nor will this one be. HODL. (February 10, 2021 7:30PM…
Ethereum on Pace to Outperform 2020 (450%+) (ETH 2/11/21 Forecast) Ethereum fell a bit on Wednesday, pulling back to about the $1,700 level before bouncing a bit and closing the daily candle around $1,735. This is a neutral candle as ETH is in such a defined bull market and uptrend that small red or sideways days like today are simply dips to buy. (February 10, 2021 8:30 PM EST) Ethereum drifted a bit lower today, Wednesday, to end the day sideways to slightly negative but…
The Institutional Herd will Push Bitcoin to $60K and Above (2/12/21 Forecast) Bitcoin rallied Thursday, initially starting off slowly beneath $45K before ultimately rallying to a new ATH, reaching up above $48K for a near-grasp at $50K before pulling back a bit, closing the daily candle around the $47K level. Any time Bitcoin prints a new ATH is a bullish day, and with Bitcoin now within spitting distance of $50K, it's now a matter of when it'll happen and what the catalyst…
How is ETH Still So Cheap? $1,800 ETH = Excellent Value (2/12/21 Forecast) Ethereum rallied a bit on Thursday, reaching back above the $1,800 level to challenge yesterday's ATH before pulling back, closing the daily candle just below $1,800 around $1,775. This is a bullish candle as ETH continues to press higher in its quest for $2,000, which is well within reach and just a matter of time now. (February 11, 2021 8:30 PM EST) Ethereum rallied a bit on Thursday, nearly…
Analysis: Bitcoin vs US Dollar Correlation (Long-Term) As a follow-up to my previous analysis of Bitcoin's relationship to the US Dollar, I decided to take a look at a longer-term trading horizon and look at the covariance as it relates to the US Dollar Index (DXY). https://www.publish0x.com/crypto-daily-fx/analysis-does-us-dollar-predict-bitcoins-next-move-xqojqwy Long-Term BTC vs US Dollar As mentioned in my previous analysis, the US dollar has been a strong and reliable…
ETH/BTC Pointing to a Big Push Up? (ETH 2/15/21 Forecast) Ethereum rallied again on Friday, pushing up to a new high on some exchanges around $1,880, going into the weekend near the highs north of $1,850. This is a bullish formation, pattern, and trend on all timeframes as ETH grinds higher by the day towards $2,000, which is within our grasp any day (or weekend?) now. (February 12, 2021 7:30 PM EST) Outlook: ETH Continues higher as it presses towards the $2000 mark for the…
Bitcoin & Ethereum Active Addresses | Now vs 2017 As Bitcoin continues to make higher highs by the day and ETH trails off in the distance, trying to break out, I'm taking a look under the hood to see what kind of wallet activity is going on with Bitcoin and Ethereum. As you can see in the chart below, BTC and ETH active wallet addresses have been steadily trending up since early 2020 and are approaching historic levels not seen since January 2018. But what does this mean?…
Bigger % Gains in 202X Bull Market: Bitcoin or Ethereum? Bitcoin is the largest-cap crypto, but is it the best performing? While it may a 'safer' bet than other crypto assets, how does it compare to Ethereum, who has been embedded as the #2 crypto for half a decade now? And though I prognosticate and agree that both Bitcoin and Ethereum will both perform extremely well over the next few years during a cyclical crypto bull market, I want to analyze which of the two has the…
Analysis: Which Crypto Exchange(s) Will Drive This Bull Run? This is a simple analysis but I think it allows us to make a few deductions: 1) Crypto interest is increasing. We can see in 2018-2019 declining and generally low volume, meaning low interest, coinciding with the dark bear market. We observe a noticeable increase in volume at the beginning of 2020 with a steady incline to date, coinciding with higher prices across the board for crypto assets. Therefore, we can…
Bitcoin On Pace for $94K Wave 3 Top? (2/21/21) Weekly Forecast) Bitcoin rallied last week, breaking out above the ~40K level and rallying higher, nearly grazing the $50K level before closing the weekly candle slightly lower just under $49K. This is a classic bullish engulfing candle and a tremendously bullish breakout, pointing Bitcoin to higher prices on all timeframes, the most immediate being $50K and then $55K which would mark a $1 trillion Bitcoin market cap for the…
Tracking ETH's Wave 3 Price Target (2/21/21 Weekly Forecast) Ethereum again last week, initially falling early before quickly bouncing off previous resistance and reaching up to new highs, nearly grazing the $2,000 level. This is, of course, bullish as ETH prints yet another higher high and forms a new ATH as ETH works its way up to the $2,000 level for the first time, which we may see as early as this week. (February 14, 2020 8:30 PM EST) **Outlook:** Ethereum continues its…
Ascending Triangle Points to $50K+ Bitcoin (2/16/21 Forecast) Bitcoin rallied a bit on Monday, initiating pulling back to about the $46K level before turning around and rallying to nearly $50K, closing the daily candle just above $48K. This is a neutral to slightly bullish Doji candle as Bitcoin found buyers to buy the dip, taking us back to the highs as Bitcoin continues to form another ascending triangle pointing to higher prices ahead. (February 15, 2021 7:30PM EST)…
ETH Setting Up for Slingshot to $2,500+? (2/16/21 Forecast) Ethereum fell on Monday, dropping to about the $1,650 level before bouncing but ultimately closing down about $100 on the day. This is a bearish hammer candle and one that may be an early indication of a bit of exhaustion around these levels with the bulls buying the dips but less so as the sellers take a bit more control. While ETH still finished the trading session higher than all but one of the most recent daily…
Why Bitcoin's Stock to Flow Ratio is Fundamentally Higher than Gold (And Will Only Go Higher) First, let's define a **Stock to Flow Ratio**: A Stock to Flow Model quantifies a measurement of the proportion between all of a resource or asset's currently available supply and its current production rate. In commodities markets, analysts calculate the commodity's average yearly inventory versus its annual supply. Because using or destroying a consumable good provides it economic…
This Halving Price Model says Bitcoin to $115,000 in 2021 We all know that every 210,000 Bitcoin blocks created, or roughly every 4 years, the Bitcoin protocol programmatically undergoes a "halving," in which the block reward to miners every 10 minutes halves. In 2012, it halved from 50 Bitcoin to 25, in 2016 from 25 to 12.5. A few months ago in May 2020, Bitcoin halved again, from 12.5 to 6.25 new Bitcoin created every 10 minutes. In order for miners to sustain a profitable…
Bitcoin Breaking Higher or Starting Wave 2 Correction? (2/17/21) Bitcoin rallied on Tuesday, initially breaking above the $50,000 for the first time early in the trading session before pulling back, dipping below $47K before finding support, eventually closing the daily candle higher north of $49K. This is a bullish candle as BTC officially breached $50K despite pulling back, as this shows the momentum is up and BTC is now officially pressing resistance and forming new ATHs…
7 Catalysts for a Bitcoin Bull Market in 2021 **Ray Dalio follows Paul Tudor Jones in adding Bitcoin to his portfolio** Institutions are coming. Paul Tudor Jones, an iconic Wall Street investor with tens of billions of dollars AUM, announced earlier this year his foray into crypto, allocating as much as 2% of his gargantuan portfolio to BTC. Similarly, Ray Dalio has taken a hard stance since the beginning of this year, declaring his fear of the Federal Reserve's Money…
Ethereum in Bullish Accumulation Zone (ETH 2/18/21 Forecast) Ethereum rallied on Wednesday, breaking back above the $1,800 level and closing the daily candle near the highs as the entire crypto space was a sean of green today in lieu of Bitcoin's break above $50K. This is a bullish candle, of course, which bodes well for ETH as it points to higher prices, and ETH is of course still tracking an ascending wedge pointing to $2,000 and above. (February 17, 2021 7:30 PM EST)…
Bitcoin Primary View to $60K Confirmed? (BTC 2/18/21 Forecast) Bitcoin broke out on Wednesday, eclipsing the $50K level and surging late into the day, finally closing the trading session near the highs north of $52K. This is an extremely bullish candle as BTC breaks out higher again, forming a new ATH and impulsively rallying above a major resistance level and a significant checkpoint on the way to $100K and above. Bitcoin is starting to turn heads. (February 17, 2021 8:30PM…
8 Financial Leaders Turned Bitcoin Believers We all know the story: 10 years ago, the Bitcoin sphere was nothing but a tiny group of cypherpunks, anarchists, and people who wanted to buy cannabis on the Silk Road. Now, crypto is almost unrecognizable, with major banks, financial institutions, governments, university endowments, and legendary investors announcing initial forays into Bitcoin and crypto. The following are 10 of the biggest Bitcoin converts: **Jack Dorsey** The…
Time Running Out to Buy ETH Under $2,000 (ETH 2/19/21 Forecast) Ethereum rallied again on Thursday, reaching up above the $1,950 level to nearly tie the ATH currently just under $2,000 before pulling back, closing the daily candle around $1,925. This is a bullish continuation to ETH's recent resumption upward as it bounced off support above the 50 Day EMA, pushing ETH up again toward $2,000. (February 18, 2021 7:30 PM EST) Outlook: ETH rallied again, putting in another…
Gold Bull Jeff Gundlach Turns Bullish on Bitcoin (BTC 2/19/21 Forecast) Bitcoin pulled back a bit during the Thursday session, posting a rather unenthusiastic day as Bitcoin drifted lower to about the $51.5K level before closing the daily candle slightly negative today. This is hardly bearish as Bitcoin digests the recent gains; bull markets are not linear - there will be dips and turns in the trend, but those moments of turbulence are buying opportunities for the…
This Crypto Project Got Crushed In 2018 But Now It's Back With every crypto market cycle, some tokens fail, never to return. Whether it's because they're scams, have no tangible goals, no developers, or a lack of funding, it happens every time. 2018-2019 was a particularly brutal bear market, lasting over two years and depressing prices by over 80% for pretty much all crypto projects, some as much as 95%. This coin tanked in 2018 from its respective all-time high and endured…
Is Bitcoin Finally Expensive Enough for Institutional Investors? (2/22/21 Forecast) Bitcoin broke out higher again on Friday, cresting the $55K level and officially reaching a $1 Trillion market cap for the first time in Bitcoin's history. This is obviously a bullish engulfing candle as Bitcoin continues to new highs amid a myriad of bullish factors, and with Bitcoin closing near the highs in uncharted territory, it's likely BTC is really just getting started in the grand…
Analysis: Does US Dollar Predict Bitcoin's Next Move? If you've read our price forecasts before, you know we frequently mentioned what happens in equities, commodities, and forex markets, as they are often somewhat relevant to daily price action in Bitcoin and other crypto markets. One of the most significant variables that affects Bitcoin's price is the US Dollar, shown below as the well known DXY Index.…
Best Performing Cryptos Since 2016? This One Might Surprise You I picked a few handful of the most popular large-cap tokens to compare them against one another and analyze each token's performance over time, both over a five-year horizon and in Year-To-Date in 2020. Below is what I found: Long Term (2016-Present). As you can see in the 5Y chart below, Bitcoin has been far from the best performer, in 2017 its "measly" 3700% return was dwarfed by large-cap altcoins such as…
ZRX Completing Wave 2 Correction? (0x Weekly Forecast) ZRX pulled back during the week, giving back a decent amount of gains as ZRX retraces lower to digest the gains of the early February rally that sent ZRX from around $0.60 to over $2.00. From here ZRX should look to find support soon and then rally from there but it needs to print a higher low first before we can think about higher highs. (February 20, 2020 7:30 PM EST) **Outlook:** ZRX's recent bearish weekly candle is…
Analysis: How Does Bitcoin Perform vs Top Tech Stocks? (TSLA, AAPL, AMZN) Bitcoin has been known for having explosive bull markets that provide outsized gains exponentially higher than traditional stock market indices. As you can see in the below 5-year chart, the S&P 500, Dow Jones Industrial Average, and NASDAQ all barely appear visible at the bottom of the chart, looking virtually flat vs Bitcoin and Ethereum, both of which have seen four-figure percentage returns during…
Is an Ethereum Tsunami Coming? (ETH 2/28/21 Forecast) Ethereum rallied again last week, finding support earlier in the week and reaching over the $2,000 mark later in the week before pulling back a bit over the week, closing the weekly candle just under $2,000 around $1,935. This is a bullish candle as ETH prints another higher low and higher high, setting a new ATH and is undervalued against Bitcoin. (February 21, 2020 7:30 PM EST) **Outlook:** Ethereum continues its ascent…
Bitcoin Approaching Short-Term Top? (BTC 2/28/21 Forecast) Bitcoin broke out higher last week, initially falling a bit before finding support and smashing through the $50K level and rallying up to about $58K by the close of the weekly candle, officially claiming the all-important $1 trillion market cap level for the first time in Bitcoin's history as a single asset. This is monumentally bullish as Bitcoin continues to print higher highs, higher lows, and set new all-time…
We're Hiring | Huge Companies Breaking Into Crypto This is a short one, but I think it's interesting (and flying pretty far under the radar) to see huge, multinational companies silently but actively recruiting personnel for blockchain and crypto-based positions. From Backend Developers to Investment Analysts to Product Managers and Compliance, these financial and non-financial companies are investing significant company funds and human capital into blockchain research and…
Bitcoin Wave 2 Correction Completed? (2/23/21 Forecast) Bitcoin sold off on Monday, dropping sharply early in the trading session to under the $48K level before promptly finding support at the 50 Day EMA and bouncing higher, closing the daily candle just above $54K. This is a bearish candle, but despite its severity Bitcoin found support at a key support level where it bounced, indicating Bitcoin may have just completed its Wave 2 correction in a single day. (February 22,…
ETH in Accumulation Zone (2/23/21 Forecast) Ethereum sold off on Monday, dipping as low as $1,500 before finding support near the 200 Day EMA, immediately bouncing higher and closing above the 50 Day EMA just under $1,800. This is a bearish candle but ETH managed to bounce at a critical support level and recover much of the losses before the daily candle closed, indicating strong buying support. Now the question is whether or not ETH has completed a ~25% correction or will…
Four 2017 Cryptos You Thought Died, But Are Still Going Strong These 5 beloved cryptos were popular 2017 darlings that have since been buried in the dirt by the likes of BTC, ETH, and the rise of DeFi. While many projects from 2017 have gone the way of the dinosaur, some have not only survived but continued to develop and even launch products. Here's a short list of a few list that surprisingly have seen rising volume. We chose Binance because it is far and away the most…
Repeat of January Bitcoin 30% Crash? (2/24/21 Forecast) Bitcoin sold off aggressively on Tuesday, crashing below the $50K level, and even reaching down to the $45K level before finding a bit of support, finishing the trading session around the $48K level. This is a firmly bearish candle as Bitcoin sliced through newly discovered and tentative support regions, reverting back to the mean and is now testing major support levels. (February 23, 2021 7:30PM EST) Outlook: Bitcoin…
Ethereum Nearing Major Support? (ETH 2/24/21 Forecast) Ethereum sold off again on Tuesday, dropping like a rock right from the open to fall from $1,800 all the way down to under $1,400 before finding some semblance of support, eventually closing the daily candle just north of $1,500. This is a strongly bearish candle that I believe is more of a mean reversion given ETH's general uptrend and bullish in all timeframes, but ETH will need to find support somewhere soon to…
Grayscale Crypto Funds (GBTC, ETHE) 2020 Quarterly Inflows Grayscale, the popular traditional equities fund allowing traditional and institutional investors to gain Bitcoin through traditional brokerages has posted steadily increasing and record-breaking numbers in terms of inflows, institutional reach, and actual crypto purchased to maintain 1:1 reserves. Below is a breakdown of the quarterly investment inflows and data according to each Grayscale quarterly investment…
Targeting $40K Bottom for Bitcoin? (2/25/21 Forecast) Bitcoin rallied slightly on Wednesday, initially rallying before giving back most of the gains, ultimately closing the daily candle with an inverted hammer. This is not a great look but we could really go either way at this point; my medium-long-term bias is obviously up but it is unclear whether Bitcoin has already bottomed yet or not. (February 24, 2021 7:30PM EST) Outlook: Bitcoin consolidated a bit on Wednesday,…
ETH/BTC Bottoming Out? (ETH 2/25/21 Forecast) Ethereum recovered a bit on Wednesday, rallying earlier in the day to over $1,700 before pulling back, closing the daily candle just north of $1,600. This is an inverted hammer and indicates the sellers are selling into rallies, short-term bearish for ETH. I'm not so sure that tells the entire story, although it's possible ETH's bottom isn't in just yet. (February 23, 2021 10:30 PM EST) Outlook: Ethereum recovered a bit on…
Smart Money is Buying Bitcoin. Are You? Bitcoin fell again on Thursday, rallying earlier in the day again before the sellers regained control, giving back the gains and finishing the daily candle in the red down to just under the $48K level. This is a bearish candle as Bitcoin hasn't been able to pick up any steam since selling off, but we could simply be consolidating while Bitcoin shakes out any remaining weak hands before heading higher again. (February 25, 2021 7:30PM…
Short-Term FUD = ETH Buying Opportunity (ETH 2/26/21 Forecast) Ethereum pulled back a bit on Thursday, initially rallying above $1,650 before pulling back, giving back the gains and closing the daily candle lower around $1,525. This is a bearish-looking candle and looks to me like ETH is going to retest support at the previous bottom around $1,350 - $1,400. (February 23, 2021 10:30 PM EST) Short-Term: ETH will probably put in a major bottom around here between $1,300 -…
Crypto Top 10 Gainers & Losers of 2020 For a quick and fun little analysis, here are the top 10 crypto gainers and losers (by %) of 2020: Top 10 Gainers: 1**Game Stars** · GST $0.354-- +42,851.65% https://messari.io/asset/game-stars 2 **Unibright** · UBT $0.616+14,776.42% https://messari.io/asset/unibright-1 3 **Aave** · AAVE $196.25+9,008.97% https://messari.io/asset/aave 4 **Ti-Value** · TV $0.290 -- +4,626.56% https://messari.io/asset/ti-value-1 5 **Band Protocol** · BAND…
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