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Bitcoin Bulls Defend $4,000

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Welcome to the 38th issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypt
 

Quantamize

March 22 · Issue #38 · View online
Quantamize Cryptocurrency Weekly Recap

Welcome to the 38th issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypto news you need to know. At Quantamize, we are seeking to level the playing field for individual investors with AI-powered Multi-Factor models across multiple asset classes, including Cryptocurrencies. If you have any feedback on this weekly report please send us a note at suggestions@quantamize.com.

Every day at Quantamize, we track the top stories that affect cryptocurrencies and the emerging blockchain ecosystem. At the end of the week, we review all the news to give you a clear picture of what was most important.


Quantamize Weekly Crypto Recap
Satisfy Your Crypto Cravings This Week With Crypto Pete
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The Week in Review
Cryptocurrencies are set to finish the week ending 3/22/2019 broadly mixed with the price of Bitcoin (BTC) higher by about 2% over the last 7 days to around USD$4,040. After BTC breached USD$4,000/token earlier in the week, bulls have successfully defended the USD$4,000 psychological support level on several occasions. Bitcoin Cash (BCH) is the best performing top 10 cryptocurrency by market capitalization this week, rallying 12.38% over the last 7 days to USD$159.27. EOS (EOS) lagged major coins this week, falling 1.53% over the last 7 days to USD$3.65. 

The most notable piece of cryptocurrency news this week came from CoinMarketCap.com, who announced the launch of two new crypto indices that will be featured on prominent financial data platforms such as Nasdaq Global Index Data Service, Bloomberg Terminal, Thomson Reuters Eikon, and more. Both cryptocurrency indices will be market cap weighted and track the 200 largest cryptocurrencies; the first will include BTC while the second will exclude the benchmark crypto.

Of the 30 cryptocurrencies we model using AI and Machine Learning, 18 are positive for the week. Currently, 9 cryptocurrencies modeled by our Machine Learning algorithms are rated as “Buy”. Nearly all of these models have accuracy scores above 60%!

If you’re a cryptocurrency trader, Quantamize’s AI Machine Learning 3-Day Crypto Trading Signals were updated three times this week, most recently Wednesday. We model 30 cryptocurrencies and produce directional “Buy”/“Do Not Own” trading signals that help cryptocurrency traders navigate the crypto markets over the short term. You can find a screenshot of our Crypto Signals below. A few highlights include:

  • Bitcoin (BTC) –Do Not Own with an accuracy rate of 62.60%
  • Bitcoin Cash (BCH) – Do Not Own with an accuracy rate of 67.38%
  • EOS (EOS) - Do Not Own with an accuracy rate of 61.71%
  • Ethereum (ETH) – Buy with an accuracy rate of 59.00%
  • Ethereum Classic (ETC) - Do Not Own with an accuracy rate of 63.33%
  • Litecoin (LTC) – Do Not Own with an accuracy rate of 65.43%
  • Ripple (XRP) – Buy with an accuracy rate of 62.60%

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Cryptocurrencies finish week mixed as Bitcoin bulls defend $4,000 support level
Comparing Cash Transactions vs. Price in US Dollars for Top Cryptocurrencies
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Omega One Adapts Dark Pool Tech to Crypto Market
CBOE Pulls Plug On Bitcoin Futures, More Upside Ahead?
JPM: Blockchain Enables Faster And Cheaper Payments
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