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Charlie Erith

Charlie Erith

Shepherd's Delight

Shepherd's Delight

ATOMIC 51 ATOMIC sticks at BULL this week. Price resilience continues. There are few signs of inflation going away, yet already politicians are in giveaway mode. Red skies on the breadth chart - is that good or bad? ByteTree ATOMIC Analysis of Technical, On-chain, Macro, Investment Flows and Crypto. Highlights

ByteFolio Update 9

ByteFolio Update 9

ByteTree's Model Portfolio ByteFolio brings together ATOMIC, ByteTrend and Token Takeaway to create ByteTree’s model portfolio, known as ByteFolio. This is a selection of crypto tokens, which are weighted according to their risk/reward characteristics. ByteFolio has a modest turnover and will not suit traders. It will

Liquidity and Risk - Perception vs Reality for Gold and Bitcoin

Liquidity and Risk - Perception vs Reality for Gold and Bitcoin

We have been asked on more than one occasion why we don’t throw silver into the BOLD (bitcoin and gold) mix. It’s a commodity with similarities to gold - mainly in so far that it has been used as money - so wouldn’t it be a good

Bitcoin: Where from Here?

Bitcoin: Where from Here?

In this piece, we argue that bitcoin should be considered as an option on a store of value. We also look at the reasons behind the current weakness and whether financial repression is likely to go away. Lastly, we look at where we are in terms of bitcoin’s valuation

No Shortage of Appetite in the Bitcoin Market

No Shortage of Appetite in the Bitcoin Market

Bitcoin Network Demand Model The model remains on 2/6 this week. The short-term transactions and velocity signals remain on, but fees have lurched lower. There are positives, however. Miner inventory levels have fallen to a 12-week low, showing that there has been solid underlying demand, while our valuation model

Bitcoin Has Plenty Left in the Tank

Bitcoin Has Plenty Left in the Tank

Bitcoin Network Demand Model This week, the Network Demand Model moves from zero to 1/6 as “short-term transactions” switches back on. Over the last few weeks, we’ve consistently pointed out that downside risk is low. This is because the data has been steady rather than deteriorating, indicating that

Hidden Capitulation?

Hidden Capitulation?

Bitcoin Network Demand Model No good news from the Network Demand Model this week, but we’re at a point where “no news is good news”. The short-term transaction signal has switched off again, but it’s very noisy at this stage. It does look like fees have found a