Maria Kossenko's Avatar
Maria Kossenko
published in Blogs
Dec 30, 2020
Crypto overview: week of 12/28-1/1

Crypto overview: week of 12/28-1/1

As this year has proven once again, tangible and intangible assets with low or no stock market correlation gain traction during uncertain times. 

 

After soaring to another absolute maximum early Sunday morning, Bitcoin is still on the rise, following some white noise fluctuations. Since an approximate 41% drop on March 14, (around the time the lockdown was beginning), BTC.X saw a steady rise throughout 2020, with a 43% surge from December 12 through yesterday, December 28. Tickeron’s outlook, as of today, is fairly positive, with four technical indicators, one fundamental analysis rating, and our A.I. predicting a short-term bullish trend with an average likelihood of 52%. Notably, the A.I. Trend Prediction — Tickeron’s backtested algo basing its predictions on previous outcomes of similar price fluctuations — confidently says an uptrend is predicted with a 84% chance. However, four indicators and ratings point to a downward trend with 33% odds, in addition to the Stochastic and RSI indicators, which both have BTC.X as overbought, so the trader is advised to be cautiously optimistic. A good way to gauge general sentiment is to visit Community Trend Predictions under the Academy / Community tab to see what other Tickeron users, including experts, think will happen in the next week or month.

 

Ethereum, after a reversal to its pre-January levels in the middle of March, has been hiking upward, with notable zeal, especially starting December 24. Tickeron has a strong buy on ETH.X, with six technical indicators assuredly promising smooth sailing with an average 67% likelihood. Furthermore, all of the Tickeron signals since July (the earliest available), had an uptrend for ETH.X. According to the 1-year graph, all the signals were proven correct. However, small fluctuations may be in store, according to RSI and Stochastic indicators.

 

After a 51% crash following an inconvenient dispute with the SEC about treating XRP as a security and holding unregistered sales, XRP Ripple has returned to its pre-November-spike status of trading below $0.3. However, despite the collapse on Dec 26, Tickeron has XRP at a 50% likelihood for an uptrend, as the RSI indicator moves into the oversold zone. Our Pattern Search Engine has the ticker at a 50% probability to follow a Cup-and-Handle pattern, emerged on December 21. However, we’ve yet to see a breakout. With a 170% distance to target price, it’s not looking likely, but a good bet if XRP finds a way to save face.

 

The coming week spells uncertainty for Tezos as the price oscillates around the $2 mark, dropping to $1.8 and reaching $2.2 within the course of five days. Six of our indicators point toward a downtrend while four are confident about an uptrend, both of these values averaging around 60%. Having dropped below its 50-day average on Dec 21, the price is anticipated to fall further. This is supported by the Broadening Bottom pattern, which emerged on December 23 and points to a downtrend. and However, our AI Trend Predictions shows a bullish tendency based on 97 previous situations with similar confidence levels to the ones Tezos is currently experiencing, with a 67% likelihood. This is supported by the RSI indicator, confirming that the coin has left the oversold zone and is trending upward. 

Related Tickers: BTC.X
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.