All figures in USD$, unless otherwise specified
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
Page 1 of 8
Bitcoin (BTC)
C$
9,544 (US$7,192)
November
26, 2019 2:00 pm
â– General Cryptocurrency News:
•
•
The State of Vermont is building its new renewable energy credits system on
the blockchain
. LO3 Energy allows participants to buy and sell credits with
the ledger of ownership kept on the blockchain.
President Maduro of Venezuela announced that the country has 30 million
barrels of oil inventories to back the countr
y’s cryptocurrency, the Petro.
â– BTC News:
•
•
Whinstone USD and GMO Internet, have started building a Bitcoin mining
centre in Texas that
, when it is up and running, will be able to use 300 MW
of power and will be upgradable to 1 GW, making it larger th
an any current
mining facilit
y.
Fidelity Digital Asset Services, an arm of the financial giant Fidelity
Investments, has received approval from the New York Department of
Financial
Services to obtain a trust company charter. This charter will allow
Fidelity to provide Bitcoin custodial services in the state of New York.
â– Trading History YTD:
•
The price of BTC traded sideways from the beginning of 2019 through to
April 1st.
•
•
Following which, the price of BTC experienced significant positive
momentum from
April 1st through the end of June.
Since the end of June, the price of BTC has traded sideways to negative
with successive peaks achieving lower highs and support levels declining to
approximately US$
7,000.
â– Current Environment:
• The price of BTC
trended downward for most of the week last week. There
was a large
gap down later in the week when the price broke below the
prior US$8,000 support area and ran down to the $US6,500’s.
•
The price of BTC has not seen the lows of last week since the middle of
May 2019.
• Volumes for the week were higher, averaging 3.22 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):
~$0.476
Website:
https://bitcoin.org
Coin Profile
Bitcoin is a decentralized coin enabling revolutionary
means to exchange value across the globe. It continues
to be the biggest and most influential coin, encouraging
peer-to-peer payment networks powered by its users
with no central or middle authority.
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0.00
2,000.00
4,000.00
6,000.00
8,000.00
10,000.00
12,000.00
14,000.00
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-1
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-1
9
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-1
9
11
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19
11
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-1
9
11
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19
11
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-1
9
11
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-1
9
Close
50 SMDA
November 2
6, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, 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$
198 (US$149) November
26, 2019 2:00 pm
â– ETH News:
•
No significant Ethereum related news last week
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:
• ETH started the week off with prices in a tight range. However
, downward
pressure on the price of ETH since the middle of the week
saw the coin reach
prices not seen since April of this year.
•
•
The price of ETH continued to underperform the price of BTC
resulting in the
price of ETH ending down on the week in BTC terms.
Volumes for the week
averaged 52.58 million coins per day, which is above
previous week’s volumes
of 41.59 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
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
$0
$50
$100
$150
$200
$250
$300
$350
$400
11
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50 SMDA
Bitvo.com
November 2
6, 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.
29 (US$0.22)
November
26, 2019 2:00 pm
â– XRP News:
• Elliptic, a blockchain forensic firm that helps companies and
regulators
track illicit activities on the blockchain
, announced that their research
shows only 0.2% of XRP transactions can be traced back to
nefarious
activities.
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.
• However, for the first time in 2019, XRP has begun to outperform other
major cryptocurrencies recently increasing in both USD and BTC
terms for most of the past month.
â– Current Environment:
•
•
•
In what was a down week for most coins, sharp movements down in the
price of XRP netted out a loss for the cryptocurrency.
However, XRP’s
price did fair better than most of the other coins in the top 20 based on
market capitalization.
In BTC terms, the price of XRP was able to continue its recent
outperformance.
Volumes for the week averaged 5.20 billion coins per day, which is
higher
than the previous week’s volumes of 4.14 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
$0.60
11
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19
11
-M
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-1
9
11
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-1
9
11
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-1
9
11
-Jun-
19
11
-Jul
-1
9
11
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-1
9
11
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19
11
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-1
9
11
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ov
-1
9
Close
50 SMDA
November
26, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, 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$
283 (US$213)
November
26, 2019 2:00 pm
â– BCH News:
• Roger Ver announced the planned launch of a Bitcoin Cas
h investment
fund for institutional investors. The fund will invest in payment
solutions
and non-custodial financial services.
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:
• Again, mirroring the price of BTC, the price of BCH dropped mid last
week and continued the trend for the rest of the week in USD
terms.
• The drop in the price of BCH was more significant th
an that of BTC
though, resulting in the price of BCH in BTC terms ending lower
on the
week.
• Volumes were higher week-over-week, averaging 10.4 million coins
per
day compared to the previous week
‘s 6.21 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
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
11.0
12.0
13.0
14.0
$0
$100
$200
$300
$400
$500
$600
$700
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19
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9
11
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19
11
-O
ct
-1
9
11
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ov
-1
9
Close
50 SMDA
November
26, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, 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$
63 (US$47)
November
26, 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 mirrored the price of BTC last week with the price of
LTC
dropping mid week.
• In terms of BTC, the price of LTC
tracked the movement in the price of
BTC
early in the week before falling later in the week, resulting in the price
of LTC ending the week down in BTC terms as well.
• Volumes last week averaged 59.83 million coins per day which was
higher
than the previous week’s volume of 51.84 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
10.0
20.0
30.0
40.0
50.0
60.0
70.0
$0
$20
$40
$60
$80
$100
$120
$140
$160
11
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-1
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11
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8
11
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n-1
9
11
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19
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-1
9
11
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-1
9
11
-M
ay
-1
9
11
-Jun-
19
11
-Jul
-1
9
11
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ug
-1
9
11
-S
ep-
19
11
-O
ct
-1
9
11
-N
ov
-1
9
Close
50 SMDA
November
26, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, 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$
67 (US$51)
November
26, 2019 2:00 pm
â– DASH News:
•
No significant Dash related news last week.
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
mirrored the rest of the cryptocurrency market, seeing
the price drop in USD terms last week. The price of Dash declined in
terms of BTC later in
the week.
Volumes were lower week-over-week, averaging 3.2 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
$250
11
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-1
8
11
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8
11
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-1
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n-1
9
11
-F
eb-
19
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-M
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-1
9
11
-A
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-1
9
11
-M
ay
-1
9
11
-Jun-
19
11
-Jul
-1
9
11
-A
ug
-1
9
11
-S
ep-
19
11
-O
ct
-1
9
11
-N
ov
-1
9
Close
50 SMDA
November
26, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, 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
Bitvo.com
November 2
6, 2019
Ethereum Classic (ETC)
C$
5.16 (US$3.89)
November
26, 2019 2:00 pm
â– ETH Classic News:
•
No significant Ethereum Classic 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 traded down for most of the week last week in USD
terms and fairly flat in BTC terms.
• Volumes were lower week-over-week, averaging 166.2 million coins
per day compared to the previous week’s volumes of 129.2 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
11
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-1
8
11
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-1
8
11
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-1
8
11
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n-1
9
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-F
eb-
19
11
-M
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-1
9
11
-A
pr
-1
9
11
-M
ay
-1
9
11
-Jun-
19
11
-Jul
-1
9
11
-A
ug
-1
9
11
-S
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19
11
-O
ct
-1
9
11
-N
ov
-1
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 2
6, 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
