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weekly-roundup

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

Introducing the ByteTree Crypto Average (BCA)

Introducing the ByteTree Crypto Average (BCA)

ByteTrend: Part 4 The Bytetree Crypto Average (BCA) was designed to measure the strength of the crypto market. Firstly, it is important to clarify that this is an indicator, which means it is uninvestable, and there is no fund, token or strategy to buy. Its use case is more important,

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

The Power of Relative Strength in Crypto

The Power of Relative Strength in Crypto

ByteTrend: Part 3 In part 2, I told how Amazon had made 376 new all-time highs since its IPO in 1997 and 375 of them were reminders to own this company. Buying into strength has always been, and always will be, a winning strategy. In part 3, I will demonstrate

Finding the Winners in Crypto

Finding the Winners in Crypto

ByteTrend: Part 2 With nearly 20,000 cryptos to choose from, it is hard to pick winners, especially when they all rise and fall together. It would take a lifetime to read all the whitepapers, let alone studying independent research and finding the time to digest it all. There are

Bitcoin in a Low-risk Range

Bitcoin in a Low-risk Range

Bitcoin Network Demand Model There is no change in the score this week and very little in the on-chain data that is out of the ordinary. With the price trading in a range, there are very few clues as to where the next big move is coming from. Velocity measures

Small Signs of Optimism from Bitcoin Fees and Transactions

Small Signs of Optimism from Bitcoin Fees and Transactions

Bitcoin Network Demand Model The short-term transaction signal turns on again this week, a result of a massive block that went through last weekend when the price surged from US$38k to US$45. The spike in volume turned out to be a bull trap. The signal is unlikely to