Author: Patrick Heusser

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! It has definitely been a crazy week! The continued strength of bitcoin amazes me. Especially (or even because of) its market structure. So far, there has not been a short-liquidation party that caused the price to go up over a few hours only to watch it slide back down again. There has not been an event or news driven jump on the price, e.g. what we saw during last year’s “China-Spike”. Instead,…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! The market is still watching the election results unfold. To us at the trading desk, it looks like Trump is going to serve another term in the “hot seat”. Since the race is too close at the moment, the market is unhappy and uncertain. Bitcoin (BTC$) is still in the upward channel. We will post further updates throughout the day should anything noteworthy come up.

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 Crypto Finance AG Senior Trader Patrick Heusser. Technical Analysis Good Morning! Here’s a short recap of what happened with Huobi yesterday: one of the largest Chinese exchanges after OKEx. It all started with a rumour. This pushed Bitcoin (BTC$) from 13.7k down to 13.2k. Then came the official denial. And markets rallied back up towards 13.6k. But on-chain data shows that traders/investors have no risk appetite…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! It has been a very interesting weekend. However, this pertains more to price moves and flow rather than news items that have had an impact on the market. Bitcoin (BTC$) reached the 14,000 mark at the end of the 3rd quarter of 2020, but then eased back into a short-term trading range between 13,650 and 13,850. Ethereum (ETH$) showed some strength and is trading at $400 again. It was basically the winner…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! A short one today to close an eventful week. It looks like Iran is using bitcoin to find a way around the US sanctions and their subsequent cut-off from SWIFT payment access. This move is not really surprising, but I think it is pretty bold that their Central Bank has stepped in full force. If they are able to agree on the terms at which the miners will sell their freshly minted…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! Whenever I have a strong feeling or theory about a potential scenario, I try to find evidence that the opposite could actually take place. Yesterday, I told you about the uneasy feeling I was having about a possible trend reversal that could be around the corner. After several discussions with other traders and money managers, I decided to revisit a topic I’ve had in mind for a few weeks now, but never…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! I’ve been feeling rather uneasy over the last 24 hours both about positioning and the overall market in general. BTC/USD (daily) I have the sneaking suspicion that the market may go from being comfortably bullish (“nothing can happen to me and bitcoin will only go up”) to us seeing some volatility spikes that will catch many traders off guard. Potential consequences The consequence will be even greater volatility, and maybe even result…

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 Crypto Finance AG Senior Trader Patrick Heusser. Technical Analysis Good Morning! Bitcoin BTC$ (4h) – 12.7k is still relevant! We nailed it last week. The move up to 12.5k came as predicted. Now, it is key not to give the gains away by trading during the consolidation phase. So far, I believe this is a healthy consolidation. I cannot see any indication of a blow-off top…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! Today, I want to set financial markets aside to shed some light on the Virtual Reality industry. A work colleague (business partner) brought me into the VR world. We talked about the product he was using: Oculus Quest. Virtual Reality industry I was a bit of a gamer in my teens and early twenties, but to be honest, it never really fascinated me all that much. There was not enough action and…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! Since the DeFi hype is currently “on hold”, I got the chance to browse through the different projects that emerged over the past few weeks. One that became interesting to me a few days ago is worth taking a closer look at (disclosure: I am invested in the protocol). BarnBridge.com – BOND In my vision of the future of DeFi over the next five years, I mentioned a few times that due…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! It is very tough for me to read the current state of the market. Whenever this happens, I try to do a quick recap of recent events and then position them in the current price pattern. OKEx debacle Let’s start with the OKEx debacle. We saw Bitcoin (BTC) reacting to it, but only to a mild degree (down roughly 0.5%). Then we had the OKB coin, which lost around 30% within two…

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 Crypto Finance AG Senior Trader Patrick Heusser. Technical Analysis Good Morning! Bitcoin BTC$ (4h) So far, bitcoin has not disappointed. Over the past week, it has been delivering steady price increases. It took several attempt to push through the recent high of $11,650, but in the end we did it. The supply wall is still looming at around 12k. We are seeing roughly 1,000 BTC sitting…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! FIL$ – Filecoin When we wrote about the main net launch of FIL$ there was this odd price difference in the futures. Also, some people mentioned that the fully diluted market capitalisation was way too high (roughly $230 billion). Nevermind, I thought, let’s give this project the benefit of the doubt, and so I waited a few days to see how things would evolve. As it turns out, there seems to be…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! There has been some hype this week surrounding the long awaited launch of FIL$ (Filecoin). Messari.io has a very slick summary of what it is: Overview Filecoin is a decentralized data storage network built by Protocol Labs that allows users to sell their excess storage on an open platform. It acts as the incentive and security layer for IPFS (InterPlanetary File System), a peer-to-peer network for storing and sharing data files. Filecoin…

Monthly Rotationreport from Patrick Heusser, Crypto Finance AG Content 1 Rotation Analysis 2 Altcoin Futures Basis Analysis 3 Top Ten Comparison 4 Volatility and Correlation Comparison 5 ETHBTC 4h Technical Chart Analysis 6 Market Cap Overview Glossary 1. Rotation Analysis Bitcoin is outperforming all sectors ALT, MID, and SHIT coins breached the support lines and traded lower without any substantial recovery. All three indices are currently trading on the recently revised support levels. The DeFi space saw a solid correction against bitcoin and the major altcoins. Market volatility within the DeFi space remains very high, and substantial corrections are to…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! There was a conference in Shenzhen today, where Xi Jinping talked about the plan to transform the city into an international trade hub. The crypto trading community was hoping that he would give some hints or indications about the blockchain hub BSN (blockchain service network). Effects of the conference Since the conference ended, we have been seeing a relatively choppy trading session with no real direction. Xi Jinping’s speech is much more…