Author: Patrick Heusser

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) Finally, we are seeing some movement outside of the old range of 9.8-11.2k. I was asked yesterday, where I see this market heading. My quick response was that I thought we’d see 14k and not 10.5k (again). Currently, this call is well on track. The only thing that worries me a bit…

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! Here’s a little something about BTC$. It looks like we have some selling pressure coming from Asia (Binance Spot is roughly 1,000 BTC on the offer up to 11.5k). They have also been on the offer at around 11k (with roughly 2,000 BTC), but most of them pulled the offer when we traded through… However, I do not see any buying pressure when looking at the bid side of the main exchanges’…

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! Yesterday’s trading session was divided: the morning was tame with low activity, and the afternoon saw Bitcoin (BTC) going up 400 points towards 10,950. This was after Square, an American financial services, merchant services aggregator, and mobile payment company based in San Francisco, announced that they believe in cryptocurrencies and have invested. According to news sources, they purchased $50m of BTC, roughly 1% of their total assets. More important is the fact…

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! Bitcoin Bitcoin (BTC) is trading in a narrow range around $250, with a slight increase in volume and a moderate number of position liquidations. The largest single liquidation occurred on the Bitmex exchange, with an approx. value of $2m. Future premiums are trading inline across all exchanges between 1.25% and 2.5% depending upon the maturity. The future contracts on the Bitmex exchange are still heavily under pressure. Despite a lot of mixed…

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) Despite all the major news of late BTC$ is still trading between 9,800 and 11,200. The overall situation seems to be quite solid, even the sharp sell of a few hundred points at the beginning of the month has been processed pretty well and rather quickly. Ethereum ETH$ (4h) ETH$ traded alongside…

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 thought it would be a good idea to compare the incidences from the March sell-off with the CFTC ones on BitMEX from October 1st. The two are completely different in principle, but both triggered a risk averse move. Both traders and investors took away Bitcoin (BTC) from the BitMEX platform. There is one clear takeaway from this: BitMEX is consistently losing relevance in the derivatives trading platform space on the back…

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 am certain that everyone has an opinion on the CFTC charges against BitMEX. I have tried to break down the facts, and categorise them in terms of what I believe the further implications on the crypto asset ecosystem are. Two different charges The above mentioned CFTC charges: BitMEX owners are being charged of illegally operating a cryptocurrency derivatives trading platform and violating anti-money laundering laws. The DoJ (USAO-SDNY) has indicted Arthur…

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 got very excited when I read the following news: Crypto finance firm Swipe launches Visa DeFi lending card I thought to myself: this is a nice first step in the mass adoption of DeFi concepts bridging over into everyday financial interactions. However, the news post published by Cointelegraph is not very insightful, which led me to the LendFi page. LendFi In the end, this confused me even more. LendFi looks like…

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’s topic is liquidity pools, and their potential use case in the traditional finance world. Connection between the two financial universes In my Monday Market Commentary, I talked about bridges between the two finance universes: traditional and DeFi. One of the potential bridges I am very excited about is liquidity pools. Head of Crypto at VISA, Cuy Sheffield, put it very nicely in the following short thread. Click on the image or…

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! BTC$ (4h) Bitcoin is doing what it does (second) best… Chopping around and taking money from short-term traders. Over the past week we have not seen much in terms of price change. Since last Tuesday, it has been a nice nearly $1,000 round trip. When I look at the chart, we have lost some of the bearish sentiment we had last week but not convincing enough for a position either way. The…

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! We have a vision of the future at the Crypto Broker dealing desk. And China seems to have one, too… It was not a dramatic headline, but it stopped me in my tracks: “Shanghai government explores DeFi”. The headline caused me to respond because I have a vision of where I think financial markets could be in 5-10 years. The building blocks involved are the following: Stablecoins (CBDC) More efficient admin workflows…

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 will admit that the BTC$ move surprised me. I guess my 10.5k s/r flip level has now lost its relevance. Nevertheless, I do not see us getting close to the 11.2k level anytime soon. Reducing longs is still my favourite trade right now. Invalidation will occur when we close above 11.2k. Another possibility: we are currently in a wide consolidation range of 9.8-11.2k. Consolidation is not only happening in terms of…

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! Global markets are under pressure again, which is dragging down the entire crypto space. So, let’s focus on good old interest rates without the funky yield farming turbo boost. On loanscan.io, there is a very insightful overview of the decentralised borrowing and lending market landscape. It not only references crypto assets, but also stablecoins with their USD equivalence. It definitely gives you a better feel for what kind of rates you can expect…

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 DeFi is starting to cool off for the time being, this will be the last commentary in our DeFi Series until there are some hot new topics to address. During a consolidation phase (especially in a new or emerging sector), it is useful to assemble your working tools that will serve to support you during the next hype phase. It will ensure that you can manage your trades, positions, and risk,…

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! Not a bloody Sunday but rather a bloody Monday… Bitcoin BTC$ (4h) We are back below the 10.5k level after we touched the 11.2k resistance. A pretty disappointing development for the bulls. We did not manage to turn the Ichimoku cloud bullish and were not able to hold the price above the upper band. Now,…

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 had quite a rough ride over the weekend. Things were bullish on Friday, but all the gains were lost by the end of Sunday. Bitcoin (BTC) traded in the $400 range and was affected the least. Most of the altcoins corrected and consolidated on a supportive level. Changes in the DeFi sector DeFi saw another correction: especially the newly launched UNISWAP on the FTX exchange was on a roller coaster…