Crypto Market Strategy – Weekly Research – 4 Jan 2021

January 04, 2021

Total Crypto Market Capitalization

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Happy 2021 everyone! Last year was a fruitful year for digital assets – particularly, the overall high rise in prices. The digital asset market or the crypto total market cap has risen by more than 300% from an estimate of US$ 200 billion to more than US$ 800 billion whereby the market cap of bitcoin is at US$ 6 billion which is approximately 65% of the total digital asset market. In which direction will the coins be heading towards? Let’s take a look!

Crypto Compare

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Technical Signal Trading

Bitcoin Strategy

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2020 has indeed been a good year for bitcoin, the all-time high price continues to thrive at US$ 34,000, or THB 1 million per 1 bitcoin! Bitcoin holders who have been holding bitcoin throughout all these times are considered to be very resilient as looking at the Short EMA Bands and the Long EMA Bands are 50% and 100% further away from the current price, respectively. This means that the price investors paid to buy-in bitcoin right now and the price paid during the previous period are significantly different from each other.

Ethereum Strategy

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ETH has shown a higher adjustment compared to BTC in terms of percentage change if we look at the time period from the beginning of the year as many have ignored ETH. From the image above, we can see that the price is on an aggressive uptrend due to an extremely high steep curve that many are concerned about. ETH holders are restless and those that do not hold are fear entry. 2021 is likely to show a clearer trend – thus, we should keep a close eye on its development!

Ripple Strategy

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XRP price has plummeted sharply such that some oversea exchanges have removed XRP from their platform. It is uncertain whether people are worried about the price collapse or the involvement of the SEC. Thus, it is important that we keep a close eye on this. We have adjusted and shifted the zone on our graph to make it more current. From that, we can see that once the price has broken down to the RSI Overload with a little momentum divergence. Considering our latest support and resistance, if the price breaks through 0.25, this will be a very close watch.

Litecoin Strategy

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LTC can adjust up to the 4 Zones – however, as we all know, the higher the price adjustment, the greater the volatility. We can always see a divergence in the momentum. This is not out of the ordinary, especially for assets whose prices are in the period of public participation. What we want you to pay attention to is the fact that the current price is away from the Lowest Low Value (LLV) up to 90%. In short, the price is further away from the LLV trailing last 20 days up to 90%. This means that those that did not buy-in from the beginning and would like to buy-in now should be very cautious as the cost difference is sitting at 90%. 

Gold Strategy

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After gold stands above its average or its mean has started to slowly adjust upwards above the EMAs and surpasses its peak trailing last 20 days or approximately a month. This is a positive sign and is in-line with technical analysis principles whilst indicators like ADX is lower than 20 and are maintaining its status in the lower one. Moving forward, we can use our knowledge of price patterns to analyze!

Strategy from ZIPMEX

The above was done using technical price analysis by Zipmex.

Zipmex is not responsible for any investments made based on the above analysis. All investors, please be aware that investments carry risks. Please use your own judgment when investing.