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$10,974 (US$8,307)
November 18, 2019 2:00 pm
â– General Cryptocurrency News:
• Canaan is expected to start trading on the NASDAQ exchange. Canaan is
one of the leading crypto mining hardware providers.
• CoinMarketCap has introduced ‘liquidity’ as a metric to replace volume.
Exchange volumes have been scrutinized for being inaccurate.
• Chinese military has suggested that their soldiers could be rewarded with
cryptocurrency tokens for good performance, training and task completion.
• The Venezuela government announced it will pay retirees and pensioners
Christmas bonuses in the government created digital cryptocurrency the
Petro.
• India’s proposed ban on cryptocurrency is being delayed. The draft bill,
which proposes jail terms for those found dealing in digital currencies, was
expected to be introduced in parliament in the winter session that takes
place between November 18th and December 13th; however, it has not
been included in the agenda. Exchanges and crypto businesses are now
urging campaigners to present a united case for digital currencies to
regulators.
â– BTC News:
• Bakkt announced plans to offer cash-settled Bitcoin contracts. This will add
to the suite of products including the recently announced options on Bitcoin
futures.
• The U.S. Internal Revenue Service (IRS) is looking into potential tax issues
arising from Bitcoin ATMs and kiosks, which hit a new milestone worldwide,
with more than 6,000 now in operation with more than 65% based in the
United States. John Fort, the regulator’s criminal investigation chief, said
the
IRS is collaborating with law enforcement to look into the illicit use of
such
machines. He said ”If you can walk in, put cash in and get Bitcoin out,
obviously we’re interested potentially in the person using the kiosk and what
the source of the funds is, but also in the operators of the kiosks.”
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 trend sideways to negative last week,
currently testing support levels in the low US$8,000s.
• Volumes for the week were lower, averaging 2.21 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):
~$0.476
Website:
https://bitcoin.org
Coin Profile
Bitcoin is a decentralized coin enabling revolutionary
means to exchange value across the globe. It continues
to be the biggest and most influential coin, encouraging
peer-to-peer payment networks powered by its users
with no central or middle authority.
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0.00
2,000.00
4,000.00
6,000.00
8,000.00
10,000.00
12,000.00
14,000.00
11
-O
ct
-1
8
11
-N
ov
-1
8
11
-D
ec
-1
8
11
-Ja
n-1
9
11
-F
eb-
19
11
-M
ar
-1
9
11
-A
pr
-1
9
11
-M
ay
-1
9
11
-Jun-
19
11
-Jul
-1
9
11
-A
ug
-1
9
11
-S
ep-
19
11
-O
ct
-1
9
11
-N
ov
-1
9
Close
50 SMDA
November 18, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, 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$238 (US$180)
November 18, 2019 2:00 pm
â– ETH News:
•
•
The United Kingdom Jurisdiction Taskforce of the Lawtech
Delivery Panel published a legal statement addressing the
legal
uncertainty of digital assets and smart contracts, which
the
Ethereum blockchain features.
In this they stated that crypto-assets would be considered
tradeable property and smart contracts will be recognized as
enforceable agreements under English and Welsh Law.
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 was volatile last week.
•
Accounting for movements both up and down, the price of ETH
ended down in USD terms, similar to other major
cryptocurrencies.
•
In BTC terms, the price of ETH continued to outperform, ending
the week up in BTC terms.
• Volumes for the week averaged 41.59 million coins per day, which
is
below previous week’s volumes of 49.46 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
-O
ct
-1
8
11
-N
ov
-1
8
11
-D
ec
-1
8
11
-Ja
n-1
9
11
-F
eb-
19
11
-M
ar
-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
ep-
19
11
-O
ct
-1
9
11
-N
ov
-1
9
Close
50 SMDA
Bitvo.com
November 18, 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$0.34 (US$0.25)
November 18, 2019 2:00 pm
â– XRP News:
• No significant XRP related news last week.
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 experienced downward pressure last week both in
USD and BTC terms.
• Volumes for the week averaged 4.14 billion coins per day, which is
higher than the previous week’s volumes of 3.68 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
$0.60
11
-O
ct
-1
8
11
-N
ov
-1
8
11
-D
ec
-1
8
11
-Ja
n-1
9
11
-F
eb-
19
11
-M
ar
-1
9
11
-A
pr
-1
9
11
-M
ay
-1
9
11
-Jun-
19
11
-Jul
-1
9
11
-A
ug
-1
9
11
-S
ep-
19
11
-O
ct
-1
9
11
-N
ov
-1
9
Close
50 SMDA
November 18, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, 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$330 (US$250)
November 18, 2019 2:00 pm
â– BCH News:
• Bitcoin Cash experienced an expected hard fork last week when a
disagreeing mining pool, or perhaps one that had forgotten to upgrade
their software, did not fork with the planned Bitcoin Cash fork creating
a rogue chain.
• However, as per the stated Bitcoin Cash internal rule in such a
scenario, the chain with the longest history is given trusted ledger
status thereby invalidating the rogue chain.
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 trended sideways
and closed negatively over the course of the week last week.
• Volumes were lower week-over-week, averaging 6.21 million coins
per
day compared to the previous week
‘s 7.54 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
$700
11
-O
ct
-1
8
11
-N
ov
-1
8
11
-D
ec
-1
8
11
-Ja
n-1
9
11
-F
eb-
19
11
-M
ar
-1
9
11
-A
pr
-1
9
11
-M
ay
-1
9
11
-Jun-
19
11
-Jul
-1
9
11
-A
ug
-1
9
11
-S
ep-
19
11
-O
ct
-1
9
11
-N
ov
-1
9
Close
50 SMDA
November 18, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, 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$75 (US$57)
November 18, 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 experienced downward pressure last week both in
USD and BTC terms.
• Volumes last week averaged 51.84 million coins per day which was
lower than the previous week’s volume of 59.61 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
$160
11
-O
ct
-1
8
11
-N
ov
-1
8
11
-D
ec
-1
8
11
-Ja
n-1
9
11
-F
eb-
19
11
-M
ar
-1
9
11
-A
pr
-1
9
11
-M
ay
-1
9
11
-Jun-
19
11
-Jul
-1
9
11
-A
ug
-1
9
11
-S
ep-
19
11
-O
ct
-1
9
11
-N
ov
-1
9
Close
50 SMDA
November 18, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
All figures in USD$, 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$87 (US$66)
November 18, 2019 2:00 pm
â– DASH News:
• Dash Core announced an open house event to showcase the launch of
Dash Platform release, known as Dash Evolution.
• Due to a previous partnership with Utrust, Dash is now available on
Alternative Airlines, an air travel booking platform connecting over 650
airlines globally. Alternative Airlines also claims to be the United
Kingdom’s fastest-growing travel agency and ranked 93/100 by the
Sunday Times’ Tech Track 100 fastest-growing private technology
companies in the country.
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 declined to start the week last week before
stabilizing mid-week and then declining again over the week.
•
Price trends were similar both in USD and BTC terms.
• Volumes were lower week-over-week, averaging 2.2 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
$250
11
-O
ct
-1
8
11
-N
ov
-1
8
11
-D
ec
-1
8
11
-Ja
n-1
9
11
-F
eb-
19
11
-M
ar
-1
9
11
-A
pr
-1
9
11
-M
ay
-1
9
11
-Jun-
19
11
-Jul
-1
9
11
-A
ug
-1
9
11
-S
ep-
19
11
-O
ct
-1
9
11
-N
ov
-1
9
Close
50 SMDA
November 18, 2019
Bitvo.com
Shane Thomson, CFA
shane@bitvo.growmeconsulting.ca
Andrei Novikov
andrei@bitvo.growmeconsulting.ca
All figures in USD$, 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 18, 2019
Bitvo.com
Ethereum Classic (ETC)
C$5.84 (US$4.42)
November 18, 2019 2:00 pm
â– ETH Classic News:
•
The Ethereum Classic community has been gearing up for the
Agharta hard fork. The hard fork is scheduled to take place on the
15th of January 2020.
•
While the community has been preparing for the launch of the
Mainnet, the testnets have been rolling out on the network. On
November 14th, Ethereum Classic Cooperative announced that they
have activated the latest testnet, Morden, on the network.
•
With the activation of Morden and Mordor testnets, the community is
just one testnet away from the launch of the mainnet.
•
Kotti, which is the next testnet, is expected to be activated on
December 11th.
•
The Agharta hard fork is believed to be part two of the Atlantis hard
fork, which was executed late summer 2019.
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 continued to fall last week, both in USD and BTC
terms.
Volumes were lower week-over-week, averaging 129.2 million coins
per day compared to the previous week’s volumes of 144.5 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
-O
ct
-1
8
11
-N
ov
-1
8
11
-D
ec
-1
8
11
-Ja
n-1
9
11
-F
eb-
19
11
-M
ar
-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
ep-
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 18, 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
