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Welcome to the 46th issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypt
 

Quantamize

May 17 · Issue #46 · View online
Quantamize Cryptocurrency Weekly Recap

Welcome to the 46th 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.


Elevated Volume and Cheap NVT Ratio Among Factors Driving Crypto Rally
Great Trades, Great Data, Always Free!
Great Trades, Great Data, Always Free!
The Week in Review
Crypto bulls received a wake-up call this morning after spending the last week in what seemed like a dream – Bitcoin (BTC) was up as much as 32.2% since last Friday during late Wednesday trading, briefly breaching the $8,300 price level. Overnight Thursday into Friday, however, the price of BTC fell 11.52% from its intraday high of $8,035.96 to a low this morning of $7,110.08. The broad crypto market is falling alongside BTC today with nearly every major coins lower by double digits over the last 24 hours. Still, all top 20 cryptocurrencies by market capitalization, with the exception of stablecoin Tether (USDT) and forked coin Bitcoin SV (BSV), are higher by double-digits over the last 7 days.  

Many are speculating that the overnight selloff of broad cryptocurrencies could have been initiated by a massive sell-order on major crypto exchange Bitstamp. A sell order for 3,645 BTC on Bitstamp, worth about $26.8 million, was executed on May 17th at roughly 10:00 PM EST and was immediately followed by a decline in the BTC price. The selloff may have been further exacerbated by an elevated number of placed stop-loss orders by traders due to the recent, robust crypto rally. Once BTC’s price started falling and stop-loss positions began to initiate, further panic may have been invoked among general crypto traders.

Of the 30 cryptocurrencies we model using AI and Machine Learning, 28 are positive for the week. Currently, 13 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 two times this week, most recently Thursday. 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) –Buy with an accuracy rate of 63.04%
  • Bitcoin Cash (BCH) – Do Not Own with an accuracy rate of 67.48%
  • EOS (EOS) - Do Not Own with an accuracy rate of 61.55%
  • Ethereum (ETH) – Do Not Own with an accuracy rate of 58.82%
  • Ethereum Classic (ETC) - Buy with an accuracy rate of 62.97%
  • Litecoin (LTC) – Do Not Own with an accuracy rate of 65.92%
  • Ripple (XRP) – Do Not Own with an accuracy rate of 61.28%

Great Trades, Great Data, Always Free! Click Above!
Great Trades, Great Data, Always Free! Click Above!
Bitcoin (BTC) Network Value to Transaction Ratio Falls Near 1-Month Low Despite Price Rally
Enter Crypto Spring! Bitcoin Exits Hibernation, But Not All Sunshine and Roses for Alts
Transaction Value vs. Sent from Addresses in Top Cryptocurrencies
Great Trades, Great Data, Always Free! Click Above!
Great Trades, Great Data, Always Free! Click Above!
Has Bitcoin Become A Relative Safe Haven?
Bitcoin Will See More Volatility, But Will Soar
Kevin O'Leary Challenges The Bull Case For Bitcoin
Great Trades, Great Data, Always Free! Click Above!
Great Trades, Great Data, Always Free! Click Above!
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