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! Let’s take a quick look at AMPL (Ampleforth). There are certain comments on Twitter and Telegram that make me feel like people do not really understand how the tokenomics of this coin works. Repricing AMPL First and foremost, AMPL is a stablecoin and aims to be priced close to $1. There will be some repricing mechanism on the back of future inflation data but that will be minor. The other repricing variable…

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 Yes, I know that TA-Tuesday was yesterday. But I stumbled across some developments that are potentially worth watching. I recently wrote about the stubborn order blocks on Bitfinex (in BTC$). They showed up on the topside at around 10.5k during the month of May and then switched to the bottom (bid) side in Jun/July at around 8.5k (see TradingLite images below). Bitfinex order blocks (4h) Bitfinex order blocks (15 min) Part of the reason…

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! Currently, the market is a bit more exciting than last week. The altcoin and major large cap moves are refreshing to say the least. BTC$ (daily) It looks like we have a confirmed breakout, now after pushing through 10.5k. It looks legit also in combination with the spike in volume (spot and derivatives). What concerns…

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! Ethereum and Bitcoin as a motor What a weekend! The big ones are pushing things up. Ethereum (ETH) has been the main driver for the past few months. With Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Cardano (ADA) joining the party, the DeFi music has stopped. From a structural point of view, this weekend pump looks a bit overstretched. The basis for most of the large cap coins is on 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! First, let’s begin with some general market updates. After that, we’ll move on to Grayscale (GBTC). The overall market seems to still be supported pretty well. Bitcoin (BTC) registered a run between 2%-3% with open interest in futures and option contracts rising steadily. Liquidations in the past 24 hours increased to almost $200m. There is still a short-term resistance at the 9,800 level. The top performer Yesterday’s top performer was Ethereum (ETH)…

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! China’s technology sector continues to advance China seems to be in the lead once again when it comes to implementing new technologies and concepts that handle and/or administer their government. You might recall that we wrote a bit about BSN (Blockchain Service Network) on June 17th. Last week, Beijing released a 145-page document outlining its vision for utilising blockchain to create so-called “programmable government affairs”. Find the report here (only in Mandarin).…

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 Bitcoin (BTC) market woke up for a bit and showed an impressive move towards 9,400. During the upmove, liquidations tripled in comparison to the past few days. Additionally, the strength was supported by good bids in Ethereum (ETH) in the market and a smaller rotation took place briefly, too. The DeFI Index (FTX) saw a 6 percent correction, which should definitively be seen as healthy. Mid and Shit indices have not…

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. Market Commentary von Patrick Heusser, Crypto Finance AG Good Morning! The Bitcoin (BTC) and Ethereum (ETH) market remains calm and is trading within a narrow trading range and with low implied volatilities. The trading action and market moves are definitively to be found in the altcoins. BTC$ (daily) The market environment has not changed a great deal over 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! Yesterday’s attempt to test BTC’s short-term support between 8 800 and 9,000 was well protected. The liquidation value has gone up slightly, and a total of roughly $100m was registered over the past 24 hours so far. There will most likely be more attempts to approach the short-term support and resistance the closer we get to the weekend. In terms of flow, we have noticed a gradual reduction (or profit taking) 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! Yesterday’s trading day was roughly the same as it has been over the last few days. The current market environment has not changed a great deal; there is still a very narrow trading range in Bitcoin (BTC) and Ethereum (ETH). However, other coins within the Top 20 moved quite a bit. During the past 24h: Tezos (XTZ) +8% Cosmos (ATOM) + 6% Chainlink (LINK) +4% Twitter hack Top news making the rounds…

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! Short Bitcoin (BTC) option positions have been quite favourable over the last few weeks. Implied volatility has continuously decreased, especially in the front months due to the narrow trading range. Since the beginning of this month, BTC has been trading within a 4% bandwidth. Daily liquidations have been between $50 m and $100 m on average. Futures are steadily trading with a premium – September + 1.2% and December + 1.9%. Open…

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. Market Commentary von Patrick Heusser, Crypto Finance AG Good Morning! Another dull week in BTC, but we did see some action in various altcoins. BTC$ (daily) technical analysis Things are getting closer and closer in the daily BTC chart. With implied and realised vol at a multi-month low, this market is ready for a really big move. On 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! The last four weeks have been the quietest for BTC in a long time. Realised 10 day & 1mth volatility came down hard from close to 100% to the low twenties (see Chart 1). Implied 1mth vol dropped below 50 briefly (see Chart 2). While this is also the lowest level for over a year, there is still a huge gap between implied and realised, meaning short-term option buyers are constantly draining…

Market Commentary von Patrick Heusser, Crypto Finance AG Good Morning! When the DeFi hype was on the rise (we wrote about this in Wednesday’s Market Commentary), the news about the blacklisting of an USDC address served to douse the DeFi space with some cold water. What happened? The Block published a story about an Ethereum address holding 100,000 USDC stablecoins being blacklisted by the issuer, based on a request from law enforcement. Further checks revealed that Tether, the oldest and by far largest stablecoin already has 39 blacklisted addresses, holding about 5.5mio$ in total. Well, this should not come as…

Market Commentary von Patrick Heusser, Crypto Finance AG Good Morning! I apologise for the delayed market commentary today. Unfortunately, (or fortunately, for me) nothing happened over the weekend. The market was yet again fairly calm. COVID-19 has returned to the spotlight, and some funny developments are happening in terms of the upcoming US presidential election. US musician Kanye West had announced in a tweet his candidacy for the US presidential elections in 2020. Afterwards Tesla CEO Elon Musk joined the conversation and gave Kanye West his “full support”. Bet on the five day move? For the brave, there is a…

Market Commentary von Patrick Heusser, Crypto Finance AG Good Morning! Are we going to get the super Sunday we’ve been waiting for? A few suspects are lining up quite nicely: We have a long weekend ahead of us: low liquidity bank holiday (no fiat movements) In the US, COVID-19 cases are again growing exponentially Some pre-election shenanigans are possibly going on in the US (which could have an impact on stock market openings on Monday) BTC$ has remained in a tight range over the past few weeks (I think the corn (aka bitcoin) is ready for a big move) My…