Since beginning of 2016 the value of the £ GBP has fallen 21% against the EUR from 1.4 EUR to 1.1 EUR to the GBP £.
The short term future of the GBP against the EUR does not look good and will likely see UK holiday makers going to other countries with different currencies simply to get away from the EUR.
Around the crash of 2008/09 we can see that we used to get $2.1 to the £1.
This has fallen to an all time low late 2016 ($1.2) and has since risen 10% to $1.35 to the £1 over last year and a half.
This has been a steady increase and looks like it will continue to grow.
We will need to monitor this as the effects from Brexit come to fruition.
From the previous two historical cycles we have seen within the Bitcoin market we have seen the market price drop:
1st -68% over 7 days
2nd -51% over 14 days - where the market rode up then fell back down to the -51%
Currently the cycle is in the falling phase globally however this consolidation period will be closely watched by traders and oscillations will...
Looking at all three runs within Bitcoin so far, these have increased in the following order:
The upper and lower bounds should be taken into consideration for the next bull runs.
It may well be the case that the next bull run exceeds these limits due to mass market adoption.
At this current time Bitcoin has seen an...
So, if Im at the current period and I define a start point, I can then draw a projected non-linear trendline to intersect the 'current period' and hit the top % increase noted from the first two bull runs.
The ratio for the bull run now becomes 1724% / 357d = 5 lower than the previous two bull runs.
So far we have:
Term Bull Bear
long 20 10
Based on a hypothetical point in the cycle called 'Current Period' on the above chart, what would happen if we plotted the same behaviours (percentage increase and duration) from the last two cycles.
Firstly I would pick a beginning point to define the start of the bull run, termed 'Estimated Start' in the above chart.
I would then plot the % increase with the...
Looking into the trend behaviours for large sized duration (1 year) we can see that in January 2013 there was some interest in the bitcoin market for the first time with early-early adopters showing a bull run with the low volumes that were present.
The first bull run rose +1727% over 89 days. Due to the non-linear behaviour, this cannot be averaged into per day...
The beginning of the cryptocurrency is indicative of a long tail where at a large global outlook (5 years) the trend seams to be fairly steady with no major variations. This is before a cryptocurrency has been extremely exposed to interest from a large audience.
The length of the tail shows that the cryptocurrency has been established for a long period and can...