It is very clear that technical analyses of the bitcoin markets work very well. The clearest evidence is the outperformance of our Bitcoin BullBear Forecast: +1,662.93% more profit than buying and holding bitcoin during the same period.
Recently, a few people asked us: “does your technical analysis also work for other cryptocurrencies”. Well, let’s review this.
In September 2014, we have started to cover other cryptocurrencies forecasts. Specifically, we gave a BUY rating for Ripple when it was trading at 0.00000986 BTC = 986 Satoshis. So what happened then?
Indeed, Ripple broke out to new highs and is now trading at 7489 Satoshis, a whopping increase of +659.5%. Ripple was even trading higher a few days ago, rallying to 9600 Satoshis, which could have given even more profit to traders who took profit at those higher levels.
The cryptocurrency chart below of Ripple / Bitcoin (XRP/BTC) shows the predicted rally from 986 to 7400 - 9600 Satoshis. Almost no one in the ripple and cryptocurrency community has given a cent on ripple’s prospects at this time. In fact, most predicted a further crash of ripple prices.
This forecast has been developed using our proprietary technical analysis models. We based those models on technical analysis methodologies from conventional financial markets and refined those with our more than 4 years experience in the bitcoin and cryptocurrency field.
No need to spend hours per day filtering through complex news, articles, opinions on “fundamental” developments about the specific cryptocurrency and Ripple in this case. It is enough to look a few minutes per day at the forecast that we develop based on technical models, indicators, and analyst’s in-depth experience.
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S3052 @ www.bullbearanalytics.com