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Cryptocurrency Market August 2018

The big three cryptocurrencies are followed by crypto traders and enthusiasts.  I just wanted to point out that although they have different advantages and disadvantages, they also correlate extremely well over time.

Bitcoin Update:

So let’s take a broad look at the charts from a 50,000-foot level to make a very some important distinctions: Cryptocurrency August Update  | Bitcoin, Ethereum, & Litecoin | Crypto Correlation Analysis 1

Ethereum Update:

Cryptocurrency August Update  | Bitcoin, Ethereum, & Litecoin | Crypto Correlation Analysis 3

Litecoin Update:

Cryptocurrency August Update  | Bitcoin, Ethereum, & Litecoin | Crypto Correlation Analysis 5   It becomes clearly apparent that whatever direction Bitcoin moves, the rest follow.  This is a confirming sign that the cryptocurrency arena is still in its infancy. Some of the 46 Cryptos we provide trade signals for are starting to find their own independent movements allowing traders to successfully navigate multiple buy and sell signals. The power of our signals for cryptos is just getting more efficient and data points and trading continues to grow worldwide.

Cryptocurrency August Update | Bitcoin, Ethereum, & Litecoin | Crypto Correlation Analysis