Although I have been following cryptocurrencies and sharing occasional news and opinions on Hillbent’s Facebook page, today I have decided to devote a specific category to these emerging digital currencies and the blockchain technology facilitating their existence. Coverage will be primarily devoted to the top 3 (i.e. Bitcoin, Ethereum, and Litecoin), which represent @ 70% exposure to entire cryptocurrency markets.
Like most of my analysis and opinions, it will be primarily data driven and aligned with current news and events to ferret out any underlying confirmations or divergences in price action. In addition to this, I will comment upon cryptocurrencies within the context of their being a respective asset class.
Unfortunately, no technical chart analysis (except the generic chart summary of GBTC: Bitcoin Investment Trust Common Stock provided below) or data tables accompany this article because at present I see nothing significant or new to add to the narrative of the bullish and bubbly market of cryptocurrencies. Therefore, I will sign off, bid you adieu and remind you to stay posted as I keep you posted.