# Cryptocurrency Weekly Overbought / Oversold Ranges

by | Apr 29, 2018 | Uncategorized |

Widely held cryptocurrencies are smack dab in the middle of their statistical “bell curve”, with only Litecoin being a touch oversold on a weekly basis. We expect cryptos to spend a few weeks digesting news and investor / speculator positions with no real rhyme or reason. Mining profitability has increased a little, but still has us wondering if there aren’t other ways of monetizing proof of work (PoW) or proof of stake (PoS)?             We do not currently see strong demand for cryptocurrencies, as much as we believe supply held by weak hands has been exhausted at this time. While cryptocurrenies are fun, exciting  and sexy, Cenacle Capital can invest your IRA or 401(k) in the Enterprise value of blockchain stocks. We believe this is the best long term strategy to take advantage of this technology. We believe 80% to 90% of current cryptocurrency utility tokens will ultimately fail, leaving companies like IBM, CSCO, JPM, CME Group and others to survive and thrive! These are the dominant companies in their industry and have the resources at their disposal to pivot and find revenues and efficiencies smaller companies can’t. Contact us at info@cenaclecapital.com to learn more, or click HERE Not investment advice. Cenacle Capital owns positions in Bitcoin, Ethereum and other digital tokens. For educational / advertisement purposes only. Please read our disclaimer at...

Top 3 Crypto Trading Levels

Weekly Overbought / Oversold Ranges for the week of April 15 -22, 2018. We report the conditions of a simple moving average overlay, taking volatility into consideration. In other words, stocks, bonds, & commodities trade back and forth like a pendulum on a grandfather clock. How big the “arc” of swing, is the annualized volatility.  It’s very similar to Bollinger Bands. Ethereum  -58% oversold Bitcoin at -28% oversold Litecoin -46% oversold Selling pressure continues with many different opinions for the cause.  All tokens continue to trade in OVERSOLD condition.             Learn more about investing in the Enterprise value of Blockchain stocks at: https://lnkd.in/eBbVFEX Not investment advice. Cenacle Capital owns positions in Bitcoin, Ethereum and other digital tokens. For educational / advertisement purposes. Please read our disclaimer at...

Ethereum Weekly OBOS levels

Weekly Overbought / Oversold Ranges for the week of April 1 -8, 2018. Moving Average overlay on mean reverting standard deviation taking volatility into consideration. In other words, stocks, bonds, & commodities trade back and forth like a pendulum on a grandfather clock. How big the “arc” of swing, is the annual volatility.  It’s very similar to Bollinger Bands. Ethereum is -92.25% oversold compared to Bitcoin at -52% oversold. Selling pressure continues with many different opinions for the cause.  The token is trading closer to OVERSOLD Perhaps it’s tax selling? Lack of ICO’? Statements by Vitalik? Nobody knows for sure.This is why we feel US stocks and ADR’s seeking to monetize blockchain is a better, long term approach than holding crypto. Learn more about investing in the Enterprise value of Blockchain stocks at: https://lnkd.in/eBbVFEX Not investment advice. Cenacle Capital owns positions in Bitcoin, Ethereum and other digital tokens. For educational purposed only. Please read our disclaimer at...

FEI Professional Development. January 18, 2018

Financial Executives International Professional Development series on Bitcoin and Blockchain, by Bill Ulivieri. January 18, 2018. Oak Brook, IL Available Upon Request http://myemail.constantcontact.com/FEI-Chicago-Chapter-January-Newsletter.html?soid=1102445029159&aid=ZgNikNYv9rE...

Bitcoin Weekly Overbought / Oversold Ranges for the week of Jan 14-21, 2018

Weekly Overbought / Oversold Ranges for the week of Jan 14-21, 2018. Moving Average overlay on mean reverting standard deviation taking volatility into consideration. Very similar to Bollinger Bands. Bitcoin is acting differently in the last week or two. It’s “cooled off”  as retail buying slows. The token is trading closer to fair value and reverting to the mean, than extremely overbought. Perhaps the CBOE & CME futures contracts recently listed are facilitating increased hedging? Learn more about investing in the Enterprise value of Blockchain stocks at: https://lnkd.in/eBbVFEX Not investment advice. Cenacle Capital owns positions in Bitcoin, Ethereum and other digital tokens. For educational purposed only. Please read our disclaimer at...