All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 1 of 8
Bitcoin (BTC)
C$11,648 (US$8,800)
November 12, 2019 2:00 pm
â– General Cryptocurrency News:
• It appears that RBC is exploring the launch of a cryptocurrency trading
platform that will allow customers to buy cryptocurrencies. According to The
Logic, patents filed in the United States in April became available to the
public in October showing that the bank may be preparing to make an
entrance in the sector.
• The Bank of Canada has released an update to its annual cryptocurrency
usage and adoption report detailing increased awareness and adoption of
cryptocurrencies in Canada. Specifically, the “2018 Bitcoin Omnibus Survey:
Awareness and Usage” report outlined that cryptocurrency awareness had
increased from 62% in 2016 to 89% in 2018 and that Bitcoin ownership
increased from 3% in 2016 to 5% in 2018.
• Large corporates Ford, LG, Volkswagen and Volvo have completed a pilot
project on the Responsible Sourcing Blockchain Network (RSBN) built with
Hyper Ledger Fabric to track cobalt refinement to prevent exploitative mining
practices. The group will jointly go live with the project in 2020.
• Vancouver-based Einstein Exchange shut down last week, allegedly owing
more than $16 million to its customers, including approximately $11 million
in cryptocurrencies and $5 million in Canadian dollars. The British Columbia
Securities Commission seized control of the entity after receiving “numerous
complaints” that customers were unable to access their funds, highlighting
again the importance of conducting due diligence on platforms used to trade
cryptocurrencies.
â– BTC News:
• Payment processing company Square announced that its Bitcoin revenue
increased 244% year over year, showing increased adoption of the
cryptocurrency as a form of payment.
• The CEM Group is planning to launch Bitcoin options on its futures
contracts commencing January 2020, increasing options for traders to
hedge positions.
â– Trading History YTD:
• Since the end of June, the price of BTC has traded sideways to negative
with positive price momentum continually countered by downward pressure
and the price of BTC looking to find a level it can support.
â– Current Environment:
• The price of BTC continued to look for support last week as it dropped from
over US$9,400 to the mid-US$8,000s.
• Volumes for the week were lower, averaging 2.44 million coins per day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2009
Primary Use:
CURRENCY
Coins Outstanding:
Maximum Coins:
18mm
21mm
POW or POS:
WORK
Current Mining Fee (USD):
~$0.476
Website:
https://bitcoin.org
Coin Profile
Bitcoin is a decentralized coin enabling revolutionary
means to exchange value across the globe. It continues
to be the biggest and most influential coin, encouraging
peer-to-peer payment networks powered by its users
with no central or middle authority.
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0.00
2,000.00
4,000.00
6,000.00
8,000.00
10,000.00
12,000.00
14,000.00
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9
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50 SMDA
November 12, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 2 of 8
Ether (ETH)
C$247 (US$187)
November 12, 2019 2:00 pm
â– ETH News:
• Team lead at the Ethereum Foundation, Péter Szilágyi, has
confirmed December 4th, 2019 as the expected date for the
network’s forthcoming Istanbul hard fork, which will commence
at block 9,069,000.
• Following the Constantinople upgrade, which was completed
in February 2019, Istanbul represents the next hard fork in the
network’s eventual transition to Ethereum 2.0, dubbed Berlin,
which is intended to be Ethereum’s final upgrade and set to
take place in 2020.
• Crypto company Radar has launched a service called
RedShift which will allow customers to pay Bitcoin lightning
network invoices with Ether. This may be useful to people who
want to use the lightning network without having to be fully
integrated into the system.
â– Trading History YTD:
• The price of ETH commenced the year relatively stable before
accelerating in May and then falling July onwards.
• While the price of ETH has given up most of its year to date
gains, it remains in positive territory on the year in USD terms.
• However, with the positive performance of BTC in 2019, ETH
has underperformed BTC, with the price of ETH in BTC terms
generally trending down since the end of February.
â– Current Environment:
• The price of ETH traded sideways last week, resulting in it
outperforming BTC, which traded down for most of the week.
• As a result, the price of ETH gained in BTC terms while ending the
week down slightly in USD terms.
• Volumes for the week averaged 47.5 million coins per day, which is
below previous week’s volumes of 51.9 million coins per day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
107mm
Maximum Coins:
NO MAX
POW or POS:
WORK
Current Mining Fee (USD):
~$0.129
Website:
Coin Profile
Ethereum is a decentralized platform that runs smart
contracts: applications that run exactly as programmed
without any possibility of downtime, censorship, fraud or
third-party interference. These apps run on a custom built
blockchain.
0.0
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80.0
90.0
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$400
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50 SMDA
Bitvo.com
November 12, 2019
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 3 of 8
XRP
C$0.36 (US$0.27)
November 12, 2019 2:00 pm
â– XRP News:
• MoneyGram, a company that started to use XRP via RippleNet earlier
this year to move money across boarders said that they are now
moving 10% of their payments between the United States and Mexico
using XRP.
â– Trading History YTD:
• XRP has underperformed other major cryptocurrencies so far in 2019,
with its price trending down or flat from January through May.
• While XRP participated in May and June’s almost universal
cryptocurrency price rally, it did not benefit to the same extent as other
major cryptocurrencies.
• Overall, the price of XRP is down on the year in USD terms and, as a
result of the above noted underperformance versus other
cryptocurrencies, the price of XRP has declined steadily in terms of
BTC since the beginning of 2019.
â– Current Environment:
• The price of XRP dropped early in the week last week before stabilizing
at lower levels both in USD and BTC terms.
• Volumes for the week averaged 3.62 billion coins per day, which is
lower than the previous week’s volumes of 3.84 billion coins per day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2012
Primary Use:
CURRENCY
Coins Outstanding:
Maximum Coins:
99.99 Billion
100 Billion
POW or POS:
CORRECTNESS
Current Mining Fee (USD):
~$0.0003
Website:
https://ripple.com/
Coin Profile
XRP is the decentralized native currency employed by
Ripple. Ripple is a settlement system, currency
exchange and remittance network created by Ripple
Labs Inc. It is built upon a distributed open source
internet protocol, and supports tokens representing fiat
currency or cryptocurrency. The company purports to
enable “secure, instantly and nearly free global financial
transactions of any size with no chargebacks.”
All figures in USD$, unless otherwise specified
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
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50 SMDA
November 12, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 4 of 8
Bitcoin Cash (BCH)
C$383 (US$290)
November 12, 2019 2:00 pm
â– BCH News:
• No significant BCH related news last week.
â– Trading History YTD:
• Somewhat similar to the trend in the price of BTC, the price of BCH
ground sideways for the first quarter of 2019 before experiencing a
price spike in early April.
• The price of BCH has trended sideways since the beginning of April
in USD terms and negatively in BTC terms over the same period.
â– Current Environment:
• The price of BCH dropped in the first half of the week last week
before accelerating in the second half of the week.
• Overall, positive momentum outpaced negative, with the price of BCH
ending up on the week in both USD and BTC terms.
• Volumes were significantly lower week-over-week, averaging 7.26
million coins per day compared to the previous week
‘s 10.6 million
coins per day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2017
Primary Use:
CURRENCY
Coins Outstanding:
18mm
Maximum Coins:
21 mm
POW or POS:
WORK
Current Mining Fee (USD):
~$0.0011
Website:
Coin Profile
Bitcoin Cash is peer-to-peer electronic cash for the
Internet. It is fully decentralized, with no central bank and
requires no trusted third parties to operate. Bitcoin Cash
is the continuation of the Bitcoin project as peer-to-peer
digital cash. It is a fork of the Bitcoin blockchain ledger,
with upgraded consensus rules that allow it to grow and
scale.
0.0
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7.0
8.0
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11.0
12.0
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$700
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50 SMDA
November 12, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 5 of 8
Litecoin (LTC)
C$82 (US$62)
November 12, 2019 2:00 pm
â– LTC News:
• No significant Litecoin related news last week
â– Trading History YTD:
• Having started 2019 as a relative outperformer in comparison to other
major cryptocurrencies, the price of LTC lost momentum in April
onwards, but for a brief recovery in June.
• The price of LTC in USD terms has traded in positive territory for all of
2019 year to date. However, as a result of the above noted recent
underperformance, the price of LTC is now down on the year in BTC
terms.
â– Current Environment:
• The price of LTC was volatile last week, experiencing movements both
up and down throughout the week.
• Overall, the price of LTC ended the week down in USD terms and up in
BTC terms.
• Volumes last week averaged 56.9 million coins per day which was lower
than the previous week’s volume of 58.3 million coins per day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2011
Primary Use:
CURRENCY
Coins Outstanding:
Maximum Coins:
62mm
84 mm
POW or POS:
WORK
Current Mining Fee (USD):
~$0.035
Website:
https://litecoin.com/
Coin Profile
Litecoin is a peer-to-peer cryptocurrency and
open source software project released under the
MIT/X11 license. Creation and transfer of coins is
based on an open source cryptographic protocol and is
not managed by any central authority. The coin was
inspired by, and in technical details is nearly identical to,
Bitcoin.
0.0
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20.0
30.0
40.0
50.0
60.0
70.0
$0
$20
$40
$60
$80
$100
$120
$140
$160
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Close
50 SMDA
November 12, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 6 of 8
DASH (DASH)
C$94 (US$71)
November 12, 2019 2:00 pm
â– DASH News:
• Dash Dinheiro Digital is planning aggressive adoption in Latin America.
The strategy consists of improved communication including marketing
materials, technical documents and instructions. Dash remittances
remain the major use case in Latin America, fueled by hyperinflation
and lack of other remittance options.
• Dash Text, the Venezuela-based Dash platform that enables
individuals to send Dash via SMS text, has relaunched its
decentralized charity donation platform with a new design and more
recipient schools to further improve the program. According to the
charity’s website, Dash Text Charity shows that 45 Dash (US$3,204)
has been raised so far for the three schools that they currently have
integrated into the system.
â– Trading History YTD:
• After a generally stable start to the year, the price of Dash increased in
USD terms from April through June before declining July onwards.
• Accounting for movements both up and down, the price of Dash is now in
negative territory for the year both in USD and BTC terms.
â– Current Environment:
• The price of Dash fell in the first half of last week before stabilizing at
lower levels in the second half of last in both USD and BTC terms.
• Volumes were lower week-over-week, averaging 2.5 million coins per
day.
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2014
Primary Use:
CURRENCY
Coins Outstanding:
9 mm
Maximum Coins:
22 mm
POW or POS:
STAKE
Current Mining Fee (USD):
~$0.006
Website:
Coin Profile
Dash is an open source peer to peer cryptocurrency. On
top of Bitcoin’s feature set, it currently offers instant
transactions, private transactions and operates a self-
governing and self-funding model that enables the Dash
network to pay individuals and businesses to perform
work that adds value to the network. Dash’s
decentralized governance and budgeting system makes
it a decentralized autonomous organization.
0.0
0.4
0.8
1.2
1.6
2.0
2.4
2.8
3.2
3.6
4.0
4.4
$0
$50
$100
$150
$200
$250
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11
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Close
50 SMDA
November 12, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 7 of 8
November 12, 2019
Bitvo.com
Ethereum Classic (ETC)
C$6.50 (US$4.91)
November 12, 2019 2:00 pm
â– ETH Classic News:
• No significant ETC related news last week.
â– Trading History YTD:
• After trading sideways for most of the first quarter of 2019, the price of
ETC benefited from broader spring momentum in the cryptocurrency
space, trading generally positively from April through the end of June,
before correcting again July onwards in terms of USD.
• However, ETC has generally underperformed other major
cryptocurrencies with its price trending negatively throughout most of
the year to date in terms of BTC.
â– Current Environment:
• The price of ETC trended sideways to slightly negative in USD terms
last week, resulting in it gaining against BTC as the price of BTC fell
throughout most of the week.
• Volumes were higher week-over-week, averaging 146.2 million coins
per day compared to the previous week’s volumes of 126.3 million
coins per day.
Coin Profile
Ethereum Classic is an open-source, public, blockchain-
based distributed computing platform featuring smart
contract (scripting) functionality. It provides a
decentralized Turing-complete virtual machine, the
Ethereum Virtual Machine (EVM), which can execute
scripts using an international network of public nodes.
ETC has a value token called “ether”, which can be
transferred between participants or stored in a
cryptocurrency wallet.
0.0
50.0
100.0
150.0
200.0
250.0
$0
$2
$4
$6
$8
$10
$12
$14
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9
Close
50 SMDA
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
Technical Trading Score*:
LOG IN TO VIEW
Date Of Inception:
2016
Primary Use:
SMART CONTRACTS
Coins Outstanding:
112MM
Maximum Coins:
NO MAX
POW or POS:
WORK
Current Mining Fee (USD):
~$0.002
Website:
https://ethereumclassic.org/
Bitvo.com
November 12, 2019
DISCLAIMER
The information contained in this report has been compiled by Bitvo Global Inc. (“Bitvo”) from sources believed to be reliable, but no
representation or warranty, express or implied, is made by Bitvo, its affiliates or any other person as to its accuracy, completeness or
correctness. All opinions and estimates contained in this report constitute Bitvo’s judgement as of the date of this report, are subject to
change without notice and are provided in good faith but without legal responsibility. Nothing in this report constitutes legal, accounting
or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has been prepared
without regard to the individual financial circumstances and objectives of persons who receive it. The Bull and Bear symbols represent
relatively favourable or unfavourable technical indicators, respectively, and the presence or absence of these symbols and any language
pertaining to these symbols does not represent any advice, representation or guidance from Bitvo as to whether you should buy, sell or
hold any cryptocurrency. The cryptocurrencies or services contained in this report may not be suitable for you and it is recommended
that you consult an independent advisor if you are in doubt about the suitability of such cryptocurrencies or services. This report is not
an offer to sell or a solicitation of an offer to buy any securities. Past performance is not a guide to future performance, future returns
are not guaranteed, and a loss of original capital may occur. The cryptocurrency market is volatile and rapidly changing and, as a result,
the latest published reports available to clients may not reflect recent material changes. Bitvo reports are current only as of the date set
forth on the reports. This report is not, and under no circumstances should be construed as, a solicitation to act as securities broker or
dealer in any jurisdiction by any person or company that is not legally permitted to carry on the business of a securities broker or dealer
in that jurisdiction. To the full extent permitted by law neither Bitvo nor any of its affiliates, nor any other person, accepts any liability
whatsoever for any direct or consequential loss arising from any use of this report or the information contained herein. No matter
contained in this document may be reproduced or copied by any means without the prior consent of Bitvo.
Page 8 of 8
