Crypto Charts of the Year

JC Parets
January 1, 2022

It was a big year for Crypto, Web 3.0, the Metaverse and all things Blockchain.

In case you didn't hear, a lot of people made a lot of money. And "a lot" is probably understating it.

How'd you do?

Either way, win lose or draw in 2021, we're looking forward to 2022. But in order to do so responsibly, it's important to know where we've come from.

Our friends at Osprey Funds put together a great deck of the best Crypto Charts of the Year.

When they asked me to participate, I couldn't just pick one chart. There are so many interesting ones from 2021 I didn't know where to start.

So I sent them this one. It's one that everyone is familiar with, and it also did something very interesting throughout the year.

Ethereum on a daily timeframe never reached oversold conditions. Using a 14-day RSI, you can see that momentum never breached 30.

You can learn more about how we use Momentum and RSI here.

These lack of oversold conditions are a classic characteristic of an uptrend (or lack of downtrend at the very least), and something that Bitcoin certainly can't claim this year.

Also, another powerful chart comes from The Block research:

You can bet against all of this if you want. You can ignore it and hope it goes away. But I've learned over the years to follow the money.

You do what you want. But I'm looking for opportunities in the space.

Make sure to check out the rest of the Osprey report here.

And finally, in case you missed it, Messari also put out an excellent report: Crytpo Theses for 2022.

Check these out and let me know what you think!

JC

 

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