The cryptocurrency market went down once again, but the crash definitely was not as bad as the previous one, so hang in there! Dash is now in the top 10! Also, to eliminate confusion, the RSI chart will now always show the next day's projection on the next day's y-axis line instead of using the current UTC time.
Changes since last analysis:
-NEO surpasses Stellar to become 7th largest cryptocurrency
-Dash surpasses IOTA to become 10th largest cryptocurrency
Here is my analysis of the top 10 cryptocurrencies as of 2/21/18
(All chart times are in UTC time, the RSI is based on the closing price of the previous day and the RSI projection is based on current UTC time)
Bitcoin
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is below the average, the RSI projection is crossing below the 70 line from above 70 and the highest sentiment spike in the past 30 days was a while ago. Let's wait for the BVR to go above the average before locking in potential bitcoin profits.
Ethereum
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is below the average, the RSI projection is above 50 and falling and the largest sentiment spike was a while ago. We should hold our Ethereum until the RSI goes above 70 or below 50.
Ripple
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is below the average, the RSI projection is above 50 and falling and the last sentiment spike was a while ago. Let's hold our ripple until the RSI goes above 70 or below 50.
Bitcoin Cash
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is below the average, the RSI projection is above 50 and dropping quickly and the last sentiment spike was a while ago. Let's hold until the RSI is above 70 or below 50.
Litecoin
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is above the average, the RSI projection is slightly above 70 and dropping slightly and the highest sentiment spike was a week ago. We are very close to a sell signal, but we should hold off until the RSI projection crosses the 70 line.
Cardano
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is below the average, the RSI projection is above 50 and dropping and there hasn't been a sentiment spike for a while. Let's hold Cardano until the RSI is above 70 or below 50.
NEO
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is below the average, the RSI projection is above 50 and dropping and the highest sentiment spike was a while ago. Lets hold our NEO until the RSI is above 70 or below 50.
Stellar
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is below the average, the RSI projection is above 50 and dropping and the highest sentiment spike was a while ago. Lets hold our Stellar until the RSI is above 70 or below 50.
EOS
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is below the average, the RSI projection is above 50 but dropping and the highest sentiment spike was a while ago.
Let's hold our EOS until the RSI is above 70 or below 50.
Dash
Business Value Ratio
Relative Strength Index
Sentiment Indicator
Analysis
Currently, the BVR is above the average, the RSI projection is above 50 but dropping and the highest sentiment spike was a while ago. We should hold our Dash until the RSI is above 70 or below 50.
Thank you for checking out my cryptocurrency analysis! The market is going down slightly, but it may give us the opportunity to lock in some profits before it goes down even more!