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Tradecraft Crypto Market Analysis Q4 2018. This shows historical pattern analysis along with 7 fundamental metrics to evaluate the crypto markets.
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Tradecraft Capital Crypto Market Analysis for 2018Q4
Historical Bull Runs - Overall • Overall 9 Year Chart of Bitcoin with its 3 Bull Market Runs
Historical Bull Runs – Overall (Log) • Overall 9 Year Chart of Bitcoin with its 3 Bull Market Runs
Historical Bull Runs - #1 • 1st Bull Market Run in 2013
Historical Bull Runs - #2 • 2nd Bull Market Run in Late 2013 / 2014
Historical Bull Runs - #3 • 3rd Bull Market Run in Late 2017 into 2018
Fundamental Analysis • Most Metrics are Bullish for Crypto Starting in 2018Q4 Technical Analysis shows Bottoming Phase Complete (Bottom $5,850 has held) Unique Daily Addresses Now Steadily Rising 20% From Bottom is Bullish Mayer Multiple is 0.89 is Bullish (<1.0 is Bullish & >2.4 is Bearish) Network Value/Txn (NVT) is 165 is Bearish (<50 is Bullish & >150 is Bearish) Price / Mining Cost (P/BE) is 0.9 is Bullish (<1.2 is Bullish & >3.2 is Bearish) MVRV Ratio is 1.4 is Bullish ( <1.5 is Undervalued & >3.5 is Overvalued) Daily Transaction Value is Steady is Neutral
Fundamental Analysis • Unique Addresses (Daily) – Slowly Rising
Fundamental Analysis • Crypto Mining Prices are Slowing Rising
Fundamental Analysis • Transaction Value (Daily) - Holding
Technical Analysis • The Crypto Market has Bottomed – Slowly Rising
The Next Bull Market Has Slowly Begun • Bitcoin is now trading above 15- & 50– day avg
Conclusion • Data Points to Major Bull Run in 2019/2020 History Shows Repeated Patterns of Huge Bull Runs & Drawdowns Each Bull Run is Larger in Magnitude than the Previous Crypto Market has Bottomed & Now in an Accumulation Phase Technical Chart Pattern Shows a ”U—shaped” Recovery Most Likely in a Trading Range for 1-2 Quarters, but Tension is Building Moderate Rise in Crypto Expected Starting in 2019 Violent Move to the Upside Medium-term into Next Bull Market in 2019/2020
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