Why the SEC’s ‘ICO guide’ paints a dark picture for cryptocurrency in 2019
This week, the Securities and Exchange Commission tweeted out its guidelines for those launching and investing in ICOs, although many would say that over a year on from the peak of the cryptocurrency boom, the guidelines amount to too little, too late.
BTC.X in downward trend: price dove below 50-day moving average on May 07, 2023
BTC.X moved below its 50-day moving average on May 07, 2023 date and that indicates a change from an upward trend to a downward trend. In of 41 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 89 cases where BTC.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on June 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In of 128 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on June 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 60 similar instances when the indicator turned negative. In of the 60 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for BTC.X crossed bearishly below the 50-day moving average on May 10, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BTC.X entered a downward trend on May 19, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 447 cases, the price rose further within the following month. The odds of a continued upward trend are .
BTC.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
| 1 Day | |||
|---|---|---|---|
| CRYPTO / NAME | Price $ | Chg $ | Chg % |
| ETH.X | 1832.396000 | -52.098877 | -2.76% |
| Ethereum cryptocurrency | |||
| NU.X | 0.073371 | -0.003244 | -4.23% |
| NuCypher cryptocurrency | |||
| AGIX.X | 0.254769 | -0.017011 | -6.26% |
| SingularityNET cryptocurrency | |||
| CTSI.X | 0.153235 | -0.011013 | -6.70% |
| Cartesi cryptocurrency | |||
| LOKA.X | 0.275859 | -0.037609 | -12.00% |
| League of Kingdoms Arena cryptocurrency | |||
BTC.X and
Correlation & Price change
A.I.dvisor indicates that over the last year, BTC.X has been closely correlated with BTCUP.X. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if BTC.X jumps, then BTCUP.X could also see price increases.
| Ticker / NAME | Correlation To BTC.X | 1D Price Change % | ||
|---|---|---|---|---|
| BTC.X | 100% | -3.28% | ||
| BTCUP.X - BTC.X | 100% Closely correlated | -5.61% | ||
| ETH.X - BTC.X | 90% Closely correlated | -2.76% | ||
| ETHUP.X - BTC.X | 89% Closely correlated | -5.59% | ||
| RUNE.X - BTC.X | 86% Closely correlated | -4.53% | ||
| GNO.X - BTC.X | 84% Closely correlated | -1.34% | ||
More | ||||
