A Quick Analysis of Historical Drawdowns for Bitcoin (BTCUSD)
Breaking down “Bitcoin Drawdowns”
“Bitcoins vs Sh*tcoins”: An Apples-to-Apples comparison
Given the sudden influx of new money that has been chasing "cheap Altcoins", to a new investor Bitcoin's ~$15,000 price tag may appear unaffordable compared to an Altcoin priced at ~$1. So the aim is to remove the "unit bias" of each Altcoin by repricing them using the same current Total Coin Supply as Bitcoin.
BTC Pullback Analysis – Are We There Yet?
Conclusion: * I think we're nearing the tail end of this correction * The median max drawdown of previous pullbacks is -35% - The trough this time a round was a larger than normal -45% (Dec 22's intraday low) * The median total duration of previous pullbacks is 23.5 days - As of today...we're already... Continue Reading →
“Double Momentum Balls” for Cryptocurrencies: A relative performance chart
Given the recent volatility in cryptos, the chart below gives a good snapshot and overview of the relative performance of the top 40 crypto-currencies/assets.
Navigating the world of crypto... 