Just quickly want to point out that GBTC, ETHE, ETCG, and GDLC are now all reasonable trades while LTCN and BCHG have face-melting premiums.
Cryptocurrency opinions, op-eds, speculation, and insights. Oh, my!
Ethereum (ETH) has rallied toward its all-time high, and some signs point to a break of the all-time high.
ETHE and ETCG have historically traded at large premiums to NAV. However, both assets are trading at low premiums right now.
Bitcoin is still on a bullish trajectory, but it has paused here to consolidated under resistance. With volatility very low, a break one way or the other soon seems likely.
Is it alt season yet? This chart implies that it at least isn’t a hard no.
Is it alt season yet? This chart implies that an alt season could be brewing here in May 2020.
Bitcoin is potentially breaking out toward the upside from a range formed in March 2020. The next major resistance is the previous range above that was formed in early March as shown on the chart.
The Coronavirus has been taking out just about every market, and crypto has been no different. However, Corona hasn’t been enough to throw Bitcoin off any long term trends.
Crypto Corrects After Coronavirus Catalyst Puts End to Epic Run… But the Halvening is Still Coming Up
After an epic run crypto is seeing a correction that seems to be correlating with Coronavirus fears in other markets.
The ETHE premium, like the GBTC premium, can be a signal of crypto sentiment (and more-so with ETHE, ETH sentiment). However, it can also signal that ETHE is overbought.
LTC/BTC looks like it is breakout of its downtrend. This is just one of many BTC and USD pairs that is showing strength here in late January 2020.