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Ö | Weekly Snapshot Aug 31 - Sept 6

By Bayarizard | C.A.S.H. | 31 Aug 2020


*ahem*

 

Successes & failures aside, I enjoy hearing from other authors & reading in the comments below about what others invest in the Crypto markets (effectively putting their money where their mouths are); Since I like to lead by example, I started doing this monthly with my first C.A.S.H. article.

If you're looking forward to seeing which Crypto Sea Animal I am, after reading: Crypto Whales & charting wealth, then stay tuned for my Septemer C.A.S.H article ;) 

The following are Crypto that I already have, or are dollar cost averaging into; these are the projects I personally believe could push a global economy to mind-boggling market capitalizations currently unthinkable. I started this series last week (linked here), but as I try to improve quality with each post: this one is going to go a bit further in detail than that one, and include my allocations as of this week.

By showing my opinions: I hope to aid in your own research, and provide some entertainment; but it is always recommended to seek professional financial advise, and not to try what I do :) 

For first timers -- "Sats" or Satoshis are 0.00000001 of one Bitcoin. Let's begin shall we? :)

 

The Charts

 

  • According to Coinbase, BAT is most correlated to the 0x Protocol [at 90%]; The price is currently at USD$0.351 or 3,079 Sats as of writing; the dotted red line is short-term resistance, that when constantly rejecting the price in the near term ... sets up a butterfly effect that will play out years down the path of that same line. Since I'm obviously heavily invested in BAT if I do giveaways in it, it means I for one expect these butterfly effects to eventually play out to BAT's long-term benefit; because just like falling through previous support makes a line of resistance to overcome -- once overcome, resistance becomes support.
Bayarizard - August 2020

 

  • Recently, CRO has been 95% correlated with Cardano & 93% with VeChain; The price is currently at USD$0.177 or 1,496 Sats; I'm particularly proud of loading up on these in the past week -- mostly for the card benefits on the platform, which it DOES have some sweet benefits: free $50 anyone -- though they have a large amount of CRO locked up in escrow (Like Ripple XRP), and recently discontinued their previous MCO ... the streamlined process felt a lot less panicked, confusing and demanding like (Ethereum & Ethereum Classic, SAI & DAI, TFUEL & coins, etc). Only in my observation at least.
  • Resistance is going to play a role at $0.18, but nothing CRO HodLers can't handle, I'm sure :)
Bayarizard - August 2020

 

  • No coorelation analysis available on Coinbase at the moment; but, the price is currently at USD$0.524 or 4,469 Sats; The price is steadily increasing, and I feel like I'm missing out everyday I don't have a Guardian Node; but I have more on my plate than I really know what to do with honestly :)
  • There's a double top forming, but with the two green lines on the chart marking short-term support, this means the chances of the uptrend continuing above the 50-day moving average (the blue line) is higher than it crashing -- but anything is possible of course.
Bayarizard - August 2020

 

 

  • Same as THETA, no current market correlations (meaning there are no HodLers of one token/coin heavily invested in this project as of yet); TFEUL's has steadied in its price action in general, probably thanks to the Guardian Node project, and as of writing is currently at USD$0.0109 or 94 Sats.
  • If you scroll up you'll notice that it has the same general pattern as the THETA token, meaning it isn't simply getting sold off by viewers & content creators, but likely getting used and invested back into the platform -- after all, this is one of the few projects that have merchandise available to buy IN the token/currency they have a blockchain for.
Bayarizard - August 2020

 

 

  • The highest  correlations NEXO has are still to Kyber Network at 53% & Cardano at 52%; Since I have thousands of tokens in the platform, I hesitate to shill it; having it be my highest allocation makes me feel slightly more biased to be optimistic about the prospects of collateralizing Crypto Assets and buying things, rather than selling them and incurring taxable events. So, I'll just say, the price is currently at USD$0.148 or 1,271 Sats as of writing.
 
Bayarizard - August 2020

 

  • According to Coinbase, NRG has an inverse correlation to almost everything still, thanks to its downward trend; especially to Kyber Network, to the tune of -63%; This still makes me excited, because I haven't had the money to buy a Masternode until potentially recently, so doing giveaways in BAT AND NRG may soon become a reality with a little help :) The price as of writing, NRG is currently down about 9% from last week, and sits at about USD$1.64 or 14,248 Sats
Bayarizard - August 2020

 

 

  • Algorand & Cosmos are still both highly correlated to LINK at 97%; the price up about 14% week over week -- and as of writing is currently at USD$17.09 or 130,750 Sats
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  • LTC is still coorelated 98% with Bitcoin Core BTC & 97% with Bitcoin Cash BCH. The price is pretty much the same as last week, currently at USD$61.86 or 496,316 Sats. Stagnating in USD though, means that the price in Sats decreased by about 10%.
  • October looks to be a pivitol turning point for the asset; after all, once demand increases, the free Litecoin payouts for faucets like MoonLite may be better ... or worse ... or maybe there will be more faucets to choose from.
Bayarizard - August 2020

 

  • BCH currently is 98% correlated to BTC; The price is currently sits at USD$277.45 or 2,327,934 Sats -- still heavily discounted as opposed to its increasing utility as a collateral asset, means loading up on this while others "believe" in Bitcoin Core, means I will enjoy the same, and potentially more gains in the long-run as they will -- but the same likely goes for Bitcoin SV and Bitcoin Gold in the future, which currently are widely ignored, not on many exchanges, and cheaper in USD price.
  • This is all to say, choose which ever Bitcoin you will, the coming tide may life all boats, both those that have the most utility, demand, and decentralized HodLer demographics, etc may beat out the others in the end; which one is that? I have NO clue haha, I'm playing this by ear as well. If anyone knows a better place to earn free Bitcoin Cash than from MoonBitcoinCash let me know in the comments below, I WILL signup haha
Bayarizard - August 2020

 

  • BNB is 88% correlated to LINK; The price is currently at USD$23.76 or 199,492 Sats; I obviously need to chart more because BNB has run the length of my current Fibonacci circles, but it suffices to say, it's in a confirmed uptrend, making higher, highs above its 50-day moving average.
Bayarizard - August 2020

 

  • ETH's two highest correlations are both 98% with XRP & XMR -- looks like the XRPArmy and community likes DeFi projects so far. As of writing, the price is currently at USD$424.10 or 3,421,532 Sats. Since I'm already waaayy to optomistic about the turnout of ETH 2.0, I'll just say: I'm glad Publish0x lets readers get tipped upto 80% of their donations to authors for free ... because I probably wouldn't have as much ETH as I do now without hearing about it on P0x.
Bayarizard - August 2020

 

  • XTZ's highest coorelation with anything is BAT at 66% according to Coinbase. The price down significantly from last week, and is currently at USD$3.40 or 27,811 Sats. If anyone knows how addicting it is to look at the interest on Coinbase, let me know below how long you've stared at it ticking up :)
  • ... and if you don't already have a Coinbase account, this might be the coin to start off with besides Bitcoin; here's about USD$10 for making an account -- and afterward, there are educational videos that give out even MORE Crypto for free.
Bayarizard - August 2020

 

 

  • DOGE & Vechain have the highest coorelation at 78%; the price is currently at USD$0.00328 or 29 Sats. I'll admit, I get most of my DOGE from Faucets like MoonDoge ... which though it isn't much, getting 1,000DOGE for free sounds a lot better than buying the same amount after Exchange fees for $3 -- just my opinion though.
Bayarizard - August 2020

 

 

  • The price is of Enji is currently at USD$0.223 or 1,885 Sats as of writing; I currently do not have anyway of earning ENJ, so let me know in the comment section below if any of you all do :)
  • I'm definitely excited about the project enough to buy it sooner or later though.
Bayarizard - August 2020

 

 

  • As of this week, ETN was -77% inversely correlated to CRO, though admittedly, merely stagnating would put one at an inverse correlation with CRO's outstanding 2020 performance. The price of ETN is currently at USD$0.0053 or 46 Sats
  • This is one of the few projects that I know that are proliferated throughout the African continent, and hence, makes me want to participate in the project, even if the fundamentals are still in the early stages.
Bayarizard - August 2020

 

 

  • Last but not least, there's TRON; besides the earlier stated CRO, TRON is 89% correlated to NEO.
  • As of writing the price of one TRON is currently at USD$0.0273 or 207 Sats
Bayarizard - August 2020

Conclusion

Markets so researched. much money yours. If the Fibonacci circles and trend lines in the pictures seem to line up with the candle sticks in one, but not another, it is likely because I chart zoomed WAY further out than most of these snapshoted pictures. I also wanted to restate that I'm not a financial advisor, and I'll just leave the pictures unexplained -- like most art exhibits :)
How do you trade? Which Crypto do you HodL the most? How is your Blockfolio performing doing this week? Let me know below!

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Bayarizard
Bayarizard

A Crypto Activist StakeHodler trying to stabilize and grow the digital asset space one post and investment at a time. Instagram, Twitter & Pinterest: @Bayarizard


C.A.S.H.
C.A.S.H.

Crypto Activist Stake-HodLing (C.A.S.H.) -- keeping & collateralizing all that you earn -- gravitates others toward you; being the center of your own universe starts online, here with you

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