Jump to content

Cryptocurrencies - Asset Class

Recommended Posts

@CharlotteIG,

Yes interesting piece. 

I think Cryptocurrencies are an asset class to stay. What I do not know is which Cryptocurrencies will make it and survive and which will not make it and fail. Will Litecoin or Bitcoin Cash make it?

For me Bitcoin is clearly on a downward trajectory but as we know with Bitcoin it is capable of reversing quickly and hitting double digit returns in the opposite direction over a matter of hours. I have seen that many times before. The key to all this will be news and no analysts can predict when this news will be released. 

Right now positive news will drive Crypto prices higher and no news or negative news will drive it lower. Also one pattern I am seeing is that when Indices are bullish and Gold and Bonds are bearish then Cryptos seem to do well and when Indices are bearish and Gold and Bonds are bullish then Cryptos seem to fare badly. This is just a trend I have been seeing which tends to be a good indicator of imminent direction for Crypto prices on a short term time period. 

  • Like 1

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      7,851
    • Total Posts
      41,382
    • Total Members
      51,698
    Newest Member
    Blueprint
    Joined 07/12/19 17:37
  • Posts

    • There is an interesting development in the price action for Copper as the chart below shows: Soybean is also looking interesting at the same time. Soybean Oil has been on a good run. I shall end this chart feast with Soybean Meal!  
    • told you he was good 🙂
    • Podcast interviewing Chris Weston, (previously of IG Australia). I haven't heard the whole thing yet but Chris is always worth a listen. I'm hoping he will talk about using implied volatility as described in the video of his posted in the Technical Analysis thread. https://futuresradioshow.com/podcast/286/
×
×