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! DeFi is still a hot topic. Therefore, we we will include a technical analysis of a few coins today. But first let’s begin with the big ones… BTC$ (4h) We are currently trending (or, rather grinding) our way higher in a potential channel. Right now we are right at the liquidity pool: around 11.8k. Looking…

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 have the feeling that the crypto market is currently biding its time in “wait and see” mode. The big coins are in a consolidation phase with the tendency of grinding down even lower. This has helped to cool off the derivatives market significantly. Term basis and perpetual funding rates on most of the large cap coins have reverted to neutral levels. Decrease in “Open Interest” / Rising 3 month basis for…

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 Let’s stay on the DeFi topic. Here’s a very well written article by Haseeb Qureshi: Unbundling Uniswap: The Future of On-Chain Market Making. This article will give you an overview of the DEX (decentralised exchange) market sector, including the pros and cons when compared to a CEX (centralised exchange). I agree with most of Qureshi’s arguments, especially regarding the attractiveness of DEX vs CEX for retail users. One statement in his report simply nails…

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 Today, I would like to shed some light on the DeFi sector, yield farming in particular, and the token LINK. It might sound confusing to some of you who have not been that deep into DeFi. Please do not hesitate to get in touch with us if you need more information. In DeFi you can wrap tokens together like legos, which may have led to the expression “lego money”. To do this, you need…

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 asked for it (in the TA-Tuesday Report) and I got it. The pullback happened faster than I anticipated. The 11.5k level has been holding so far. With yesterday’s profit taking, we saw a cooling off phase in terms of perpetual funding rates and term future premiums (see images below). They are still in the bullish zone with funding rates positive and the future curves in contango. Liquidations over the past 24…

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! So… I was wrong… again… There were no fireworks after we pushed through the 12.2k level in Bitcoin (BTC$). To me, it looks like the market has decided to move in an orderly manner instead of the usual cryptomania style. The term and funding bases of the major coins have not switched into overdrive. In…

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$ Update I am back from my holidays and have taken a fresh look at the heatmaps of the major coins. The most interesting one (and also the most crucial to me) is Bitcoin BTC$ – along with the 12k level everyone is talking about. The heatmap confirms that there is a reasonable amount of resistance building up on Coinbase (please see image). You can see that there is a more lightly…

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 breaking news was definitively the story about YAM. To a certain extent, its impact caused some short-term pressure on Bitcoin (BTC) and Ethereum (ETH). BTC dropped to 11,275 and ETH dropped to 377, but both recovered pretty well and very quickly. The DeFi Index also felt the pressure, and dropped from approx. 2,740 towards 2,360 (minus 14%), eventually recovering in the same market pull at 2,590. During the evening, the market…

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 experienced some market correction in the late afternoon and mainly evening session. Bitcoin (BTC) traded to a low of approx. 11’100 and high of 11940 in the early morning session. Even due to a trading range of 840 points the future premium traded down a few points in the front month. In general the over stretched derivatives premium relaxed a bit over the entire trading day. The short term Bitcoin (BTC)…

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! Let’s go straight to the charts! BTC$ (daily) There wasn’t much progress in terms of price this week, but we did see a healthy consolidation near the recent highs. The daily range is well defined between $10.5k and $12k, as is the tactical trading strategy: buy the dips as long as we stay above $10.5k,…

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 (BTC) traded around $700 over the weekend, with a Friday night low at $11,330, and a Sunday night high at $12,030. The overall situation in terms of futures premium, funding rate, open interest, and volume has not changed a great deal. Serum Project A new decentralised exchange (DEX) named Serum will be launched by the FTX exchange in a couple of weeks. The starting point was an IEO (Initial Exchange Offering)…

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, Ethereum, IOTA The overall situation for Bitcoin (BTC) remains solid and rather bullish. There is a good chance of reaching new short-term levels between 12,500 and 13,000. As we approach the weekend, a bigger move is to be expected. An important support is definitively at the 10,500 level. Futures contracts in general are permanently trading with a rich premium, and open interest in options is hardly declining. Ethereum (ETH) saw a…

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 The general market took a quick breather, and after a couple of turbulent days is trading in a narrow range. Some indicators eased a bit but obviously only for a short while as the derivatives products are still overstretched. Open interest and the futures premium remain stable and high across the board. Most known coins traded within a 2% range with some exceptions. ADA ended. ADA and VET, both constituents of the MID Index,…

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! What a week! Volatility picked up and we saw some really nice moves both up and down across the entire coin spectrum. BTC$ (daily) After breaking out of the large multi-year triangle and pushing through the resistance at $10.5k, Bitcoin (BTC) pushed further, reaching a local top above 12k on early Sunday night. Then, as…

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 bogeyman has struck again! I hope you guys are long enough in the crypto trading space… since you know that even in a bull market the price never just goes straight up. A perfect example of this is the panic selloff we saw early Sunday morning (European time). BTC$ Update The move was really fast: we moved over $1,500 USD in roughly 10-15 minutes. There were huge liquidations on high leverage…

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! AMPL kept me awake last night. I did some more reading and also had a few discussions with traders and other financial professionals. Is AMPL a Stablecoin? Surprisingly, our first point of contention was whether or not AMPL is a stablecoin. After contemplating the two sides it makes sense to me that this is the basis for all further discussions and future developments. Keeping things short and simple, here are the two…