Author: Mike Schwitalla

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG.

Studies on traded volumes, supply and demand situations, as well as regular technical analysis of the major crypto currencies and indices.

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG.

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG.

An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of professional Traders. Technical Analysis Good Morning! Currently, many tokens are trading in a wide price range, but the uptrend is still intact. Nevertheless, during the last two weeks, the entire crypto market seems to have lost momentum. However, the crypto market is not alone. Traditional stock markets are also behaving cautiously, and, according to surveys, three quarters of investors see potential price setbacks of 5% -…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! The week started so well… Bitcoin (BTC) traded above $52’000, and Ethereum (ETH) scratched the $4’000 mark. One day later, we saw a bloodbath throughout the entire market. Bitcoin BTC (daily) BTC plunged almost 17%, the alts on average 24%, and the small caps in part well over 30%. The market tried to explain this sell-off in various ways. From “buy the rumour sell the fact” for El Salvador news, the high leverage in the market,…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! For being a week in summer, this past week was quite interesting in terms of news and events. It was the middle of the week when the market started drifting lower after SEC Chair Gary Gensler gave a speech in which he described investor protection in the crypto sector as almost non-existent, and set himself the goal of improving investor protection. Bitcoin BTC (daily) This week’s main event took place yesterday: Ethereum’s London Hard Fork upgrade.…

An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of professional Traders. Technical Analysis Good Morning! Afterwards one is always wiser 🙂 Bitcoin BTC (daily) Bitcoin (BTC) formed a perfect negative divergence in the RSI at 29’300 on Tuesday and has since rallied under strong momentum. Despite this rally, however, bitcoin is still in a downtrend channel. Only a clear breakout above 41’000 would technically put an end to this downtrend. It seems likely that we…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! Last week was choppy. On Monday, Bitcoin (BTC) started the week at 31’000 USD. On Tuesday, the price fell to around 29’000 USD. At that point, the annualised monthly futures basis slipped rapidly into negative territory (CME -3%, Deribit -5% p.a.). This was also the turning point. Bitcoin BTC (daily) Since Tuesday, the market has been rising with strong momentum. Bitcoin is trading at 38’400 USD (+21%), Ethereum (ETH) at 2’350 (+16%), the MID Index +19%,…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! Since last Friday, the overall market has lost roughly 3.4% in market cap. Bitcoin (BTC) has outperformed (-0.5%) the overall market. Small caps in particular have suffered disproportionately this week (FTX SHIT Index -14%). Yesterday at noon, the Basel Committee on Banking Supervision published a consultative paper, which has been long awaited by the market. As expected, cryptocurrencies are placed in the highest category with 1’250% risk weighting. In fact, banks would have to fully back…

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Good Morning! This week was marked by M&A activity, and partnerships in the crypto space. In the data space, Skew was acquired by Coinbase for an undisclosed sum. Genesis Volatility and LedgerX are teaming up. In the custody space, Galaxy landed the first (disclosed) $1 billion deal within the crypto sector, with the planned $1.2 billion acquisition of BitGO. On the regulatory side, Gary Gensler (SEC chair), in his first public hearing, clearly advocated regulating crypto exchanges as…

An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of professional Traders. Technical Analysis Good Morning! Bitcoin BTC (4h) When we look at the BTC 4h chart, we can see that BTCUSD has been losing momentum since the beginning of March (see momentump indicator). The RSI shows a first negative divergence against the price trend. However, there is no danger yet, as long as we do not break through the support line of the lower short-term…

An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of professional Traders. Technical Analysis Good morning, Is there an ETHBTC breakout in play? Ethereum/Bitcoin (ETHBTC) In our first chart, we can clearly see that ETHBTC has been in an uptrend since the beginning of 2020. With the renewed momentum that ETH experienced in recent days, this trend seems to have even strengthened. Additionally, the important resistances of 0.04075 and 0.045 were overcome. What should now stand…

Recurring market commentary on what’s happening in the crypto markets, summarized by Crypto Finance AG Senior Trader Patrick Heusser. Market commentary Good Morning! Last week was marked by rumours of stronger regulation and the closure of two exchanges in Turkey. Bitcoin (BTC) traded 8% lower within a week. Bitcoin BTC (daily) Interestingly enough, altcoins did not suffer significantly more, indicating sustained strength in the altcoin market. Solana stood out over the week with a new all-time high of $48.40 and a gain of +48%. Solana SOL (daily) On the one hand, the Solana ecosystem is growing rapidly via new initiatives/projects. On…