Bitcoin Weekly (5/1/2023) **Bitcoin Weekly - Edition 57** Bitcoin (BTC) closed out April slightly higher than where it started the month. Bitcoin was under $28.5K to kick off the second quarter and ended April over that mark. It was all the movement in between that made the month so interesting and the underlying reasons why. The 2.8% price gain in the month beat March results, however, they still fell well short of the strong gains seen in the first two months of 2023.…
CRYPTO ANALYSIS ---> Fundamental vs. On-Chain vs. Technical **How do you analyze cryptocurrencies?** When I ask fellow investors how they look at cryptocurrencies before they invest, I'm amazed at the total lack of analysis that takes place. Most investors I know look at the token's price and perhaps recent price history, and mix in a bit of "gut" to make a decision. Want to guess what happens when someone makes an uninformed decision? The outcome is usually not good. I get…
Ethereum Weekly (5/5/23) **Ethereum Weekly - Edition 22** Happy Cinco de Mayo everyone and welcome to the latest edition of *Ethereum Weekly!* Ethereum (ETH) fell slightly over the last week by Thursday's close before an uptick early Friday left it virtually on par with where it stood a week ago. It was a mixed week for Ether as the Federal Reserve raised interest rates once again but gave us signals the hikes might be over for a while. These outcomes were already factored…
Bitcoin Weekly (5/8/2023) **Bitcoin Weekly - Edition 58** Bitcoin (BTC) crept up last week despite higher-than-expected US job gains until spikes in fees along with BTC withdrawal halts on Binance caused the largest cryptocurrency to fall over the weekend. How will Bitcoin perform as we open the week against the backdrop of these two issues and other microeconomic factors in play this week? Looking at on-chain data, Binance paused Bitcoin withdrawals three times over the…
Ethereum Weekly (5/12/23) **Ethereum Weekly - Edition 23** Welcome to the latest edition of *Ethereum Weekly!* Ethereum (ETH) had a brutal ending to the week dropping below $1,800 despite the bullish sign with investors continuing to move ETH off centralized exchanges. Ether fell around 7% for the week with the majority of the drop coming in the last 24 hours or so as much of the crypto market took a tumble and had issues on its own reaching its lowest price point in six…
Bitcoin Weekly (5/15/2023) **Bitcoin Weekly - Edition 59** Bitcoin (BTC) fell hard below the $27K market with a big red candle this past week with investors trying to figure out where the current support level sits. The largest crypto hit its lowest level in a couple of months but what is in store this week as we have little major economic news on tap which could calm volatility and steady the crypto markets? It was a milestone week for Bitcoin with the number of wallet…
Ethereum Weekly (5/19/23) **Ethereum Weekly - Edition 24** Welcome to the latest edition of *Ethereum Weekly!* Ethereum (ETH) had a slightly positive week price-wise with some interesting economic news as it traded in a narrow range tepidly looking for signs of direction. We did close above the $1,800 mark by the narrowest of margins as bulls are trying to push Ether past its 20-day moving average around $1,840 but the bears are still holding on and trying to find a new…
Bitcoin Weekly (5/22/2023) **Bitcoin Weekly - Edition 60** ****Happy Bitcoin Pizza Day******!** Bitcoin (BTC) seems to have both the bulls and bears sitting on the sidelines. The result has been a tug-of-war, with little emphasis on the tug or the war as Bitcoin has fallen into a very narrow trading range looking for direction either way. Even economic news has seemed to stop having an effect on the price of BTC as of late. The price of Bitcoin fluctuated less than 4% last…
Ethereum Weekly (5/26/23) **Ethereum Weekly - Edition 25** Welcome to the latest edition of *Ethereum Weekly!* Ethereum (ETH) gained a whopping $5 since our article last week, but at least it was a green candle. Cryptos continue to trade in a very narrow range looking for direction as it appears the bulls and bears aren't even battling anymore but have called a cease-fire as both are sitting on the sidelines. I find the fact that Ether is showing little to no price movement…
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