Bitcoin Price Gets Extreme Relative To A Surge In Interest

Bitcoin (BTC/USD) is putting the Google Trends indicator to the test. The price of Bitcoin is surging at the same time this key indicator of sentiment is also surging (on a relative basis). Per the Google Trends hypothesis I have demonstrated over time, this surge in excitement is signaling an imminent reversal in the parabolic … Read more

Bitcoin Hits Milestone Yet One Indicator Looms As An End to Price Surge

The Price Action A little over a month ago I made the case for a sustained bottom in Bitcoin (BTC/USD) based on the price action combined with Google Trends. I stated the following hypothesis: “a spike in search interest confirms a strong change in price behavior.” The on-going uptrend since that point proves out the hypothesis in … Read more

Bitcoin Breakout: A New Multi-Month High As Interest Holds Steady

When I used Google search trends to confirm a buyable breakout and sustainable bottom in Bitcoin (BTC/USD), I created the following hypothesis: “a spike in search interest confirms a strong change in price behavior.” With Bitcoin breaking out again, the hypothesis now looks solid. The chart below shows Bitcoin jumping to a 5-month high that … Read more

Bitcoin Reawakens: Price and Search Trends Signal A Sustained Bottom

I have finally jumped into the crypto-era. Bitcoin broke out into the first “convincing” and buyable technical pattern I have seen since the bubble burst over a year ago. Breakout Anyone who follows cryptocurrencies knows by now that Bitcoin (BTC/USD) broke out last week. The move was a powerful one that launched the cryptocurrency out … Read more

Above the 40 (December 17, 2018) – A Deeply Oversold Market No Longer Expects Rate Hikes in 2019

AT40 = 10.9% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #2)AT200 = 15.8% of stocks are trading above their respective 200DMAs (new 34-month low)VIX = 24.5Short-term Trading Call: bullish (caveats below!) CommentaryThe week started as I expected based on the technical setup on Friday that I discussed in the … Read more

Bitcoin’s Latest Price Plunge Finally Wakes Up (Search) Interest

Nothing like a good sell-off to kindle interest. Until November 14th, Bitcoin (BTC-USD) held a floor between 5750 and 6000 for the entire year, whether on an intraday or “closing” basis. After that threshold broke down, sellers overwhelmed buyers to the tune of new 52-week lows. The cryptocurrency now sits at a 13+ month low, … Read more

Bitcoin Has Become As Boring As the Beyoncé Baseline

GDPR, the European Union’s General Data Protection Regulation, rolls into effect starting May 25th. Expectedly, there is a flurry of media attention on this topic. One meme spreading quickly compares Google Trend searches for GDPR to pop music icon and diva Beyoncé. It turns out that GDPR is now so popular that it surpassed Beyoncé … Read more

Crypto Blasé: Still No Resurgent Interest In Bitcoin’s Latest Sell-Off

In my last post on Bitcoin (BTC-USD), I worried about the sustainability of the $6000 bottom. I am now even more worried. Google Search interest continues to wane on Bitcoin. Ever since December and the major top under $20,000, search interest in “Bitcoin” has trended downward with spikes in search activity also trending lower. Source: … Read more

No Bottom (Yet) for Bitcoin

“I will be watching for signs of the durability of this latest Bitcoin bottom. If search interest wanes quickly, I will expect the recovery phase to fizzle relatively quickly like last time. If search interest remains robust, I will accordingly expect the recovery period to last longer.” This is what I wrote on January 18, … Read more

Stellar Cryptocurrency: Google Trends Confirmed A Top In Price

While Bitcoin (BTC) holds its recent low confirmed by a jump in Google search activity, I decided to look to see whether Google Trends correlated with another cryptocurrency. Stellar is a relatively new entrant on the scene. The cryptocurrency made a big splash at the beginning of the year by rocketing into the top 10 … Read more