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Decouple

The Great Decoupling - BTCUSD vs. US30This chart illustrates Bitcoins performance vs. the US30 stock index. In many ways it resembles the BTCUSD chart, which supports the idea that there is a correlation between US equities and Bitcoin price. A key difference obviously is that if BTC were to go flat while stock prices climbed, the "price" on this chart would drop as BTCUSD was being outperformed by the US30. On the other hand, if stock prices dropped while BTCUSD was flat, this chart would show a rally. Compared to the US30, BTC is showing a great deal of strength this Q, having broken out of it's downtrend, confirming bullish market structure and just this week, printing another higher high to confirm trend continuation (assuming this week closes bullish). This chart will be one to watch as the decoupling narrative swirls in the coming months and years. It seems inevitable at this point, that Bitcoin is here to stay, and this chart will tell us all we need to know about how it's performing vs. US equities and to an extent, global markets as a whole.
BITSTAMP:BTCUSDLong
by Randomtask555
A "Dickline," confusion, and contradictory press,MoneylaunderingI hope this is a gaffe or joke: the headline in the queue reads "Bitcoin undervalued by 34k according to infamous Dickline." If not, that's the intelligence we are dealing with in the crypto press. I have gotten used to it. Joking aside, in the circles appears to be a death cross followed by a golden cross?? I'm learning as I go so please feel free to help me out here. Bitcoin lingers in a place of little demand, and little desire to sell seemingly, and when it does rise and fall it continues to drag the market along for the ride. It also seems that the press is including the "kimchi premium" in their price reporting. It notes that Litecoin pierced 52.00 usd and was rejected. Not on Bitstamp it didn't , but I won't keep digging Bitstamp for their lag. Oddly, Coinbase pro with their middleman approach IS outperforming Bitstamp at nearly every turn, aside from a 47.57 usd Litecoin buy opportunity I missed while I went out to get groceries. Two fridays in a row now. My dumb luck, and planning. Of course, a precipitation in the price of Bitcoin coincided. Analysts are making a confusing mess of things - on one hand we are told BTC will bottom out in 2q 2019 , on another that a surge to 4250 usd can be expected if the psychological barrier of 4k can be broken. Personally, I don't want to buy at 3950.00 , but maybe I have become gunshy. I did change my name to Cryptocautious after all. Ethereum alone seems least affected by BTC slips and dips, with some traders claiming it will lead us out of the bear market. I predicted in an earlier article that BTC will face a selloff on Sunday if 4k is NOT broken. I still believe that. Other metrics have become very confusing, and to some degree less reliable than before. The market is not cycling the way it has for the past few months. By the way , I am NOT A FINANCIAL ADVISER ; and remain absolutely confused by this baffling market, and frustrated that I missed the surge last Friday. This is more of an editorial than anything else. Advice is more than welcome. In the mean, I'm on the sidelines unless I see another dip like earlier today. Even the reckless crypto press is advising a tight stop loss, but also accumulation during the dips, which while it might be wise, isn't going to push prices higher. Maybe Craig Wright will. He usually appears, as he did recently , either before a disaster or a boom. Let's hope it is a boom. Something tells me though, that prices will be manipulated downward due to increased institutional interest , poor regulation, and a desire for a pleasant onramp for the whales of industry. Good luck out there. Fortis fortuna adiuvat - Fortune favors the brave - if some money launderer - or idiot, depending on context, spent more than 500,000 usd to send 14 usd in Ethereum, anything can happen. Maybe some deep pockets can push BTC out of the deep end of the pool and we will see a real recovery happen. That ETH transfer reportedly was one of the quickest in History ;) .
BITSTAMP:LTCUSD
by Cryptocautious
Decoupling now.While currency pairing may be a good way to avoid interest as opposed to currency - fiat- currency; the bitcoin pairing with other currencies creates Bitcoin related instability , false signals and price movements that induce panic and either false buying or selling pressure. Maker / Taker model could help solve that particular aspect of things. Bitcoin may be called the "flagship" currency due to it's overall market capitalization, but just as with the term , so comes a correlation that may not apply. Often , it seems that by the time the interexchange rate adjusts , the value of an alt-coin has already been pushed from support by the movement of this "flagship" currency. Its designation as such is also damaging and confusing , especially to those who don't do basis research on the fundamental technology behind a coin ; as the technology is not all the same, yet a threat to one - take mining for example , all too often brings down currencies that are NOT mined. I believe coupling at this point is a leading cause of collateral price movements that otherwise make no sense. The entire U.S. Market is bleeding , and the only notable coin that's truly in the green is something called Factom , which has gained %50, which looks suspicious to me. *I am not a financial advisor , not trained in any classical sense. I base my writing on close observation of the market , what few existing metrics CAN apply in my opinion , observation of order books , and prices across different exchanges.*
BITSTAMP:XRPUSD
by Cryptocautious