Author: Patrick Heusser

Recurring market commentary on what’s happening in the crypto markets, summarized by the Crypto Broker team at Crypto Finance AG. Market commentary Following the further tightening of regulations in China and the subsequent exodus of users and capital to other exchanges, I thought it would be useful to create a chart. Included are both larger exchanges that have an exchange token and decentralized exchanges. On the right side of the chart, you can see the percentage change since September 8 (at which time there were early signs of further regulatory tightening). The series follows the labels at the top of…

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! Regulatory clarity is closely linked to the institutional adoption of crypto/digital assets. China bans crypto again What happened on Friday after the news came out that the CCP (China Central Party) was allegedly banning all crypto-related transactions and labelling them as illegal was in fact not new “news”. See the following Twitter thread of Matthew Graham (CEO of Sino Capital): https://twitter.com/mattysino/status/1441333765943402496 It is also worthy to note that China has been banning crypto for several years…

What exactly is the Metaverse? It is a virtual-reality space in which users can interact with a computer-generated environment and other users. Now, combine that with a fast and cheap blockchainand a fully functioning internal marketplacefor NFTs and you get Star Atlas. Wikipedia describes the term metaverse as a collective virtual space created by the convergence of virtually augmented physical reality and physically persistent virtual space. The new possibilities of token economies and unique objects in the form of NFTs that originate from the crypto realm open up new application possibilities, especially in the gaming sector. Trip to the Metaverse…

Good Morning! China’s property developer crisis started by Evergrande has spilled over into crypto at lighting speed. There has been a typical “risk-off” move across equity/commodity and crypto. Correlation was very high during the selling waves. If you look at the three indices from FTX: the ALT, MID, and SHIT indices all showed the same pattern on the way down. We are returning to what I have in the past called “Have your shopping list ready” scenario, so that you can buy up the tokens from projects you have done thorough research on and that fundamentally look good to you.…

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! A few days ago I participated in a discussion about stablecoins that are not stable due to their fiat peg, but stable in terms of purchasing power. For crypto maxis who are looking for a settlement coin that is not pegged (non-pegged stablecoin is a new category) to fiat, OlympusDAO (OHM) might be a solution. To achieve this goal, the OlympusDAO treasury holds different cryptocurrency assets, e.g. DAI, FRAX, ETH, and soon also WBTC. DAI is…

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! During days like yesterday I hardly have time to pick up any messages or give a proper answer to questions coming in. Obviously, everyone wanted to know: “What the hell is happening!?!” Bitcoin BTC (daily) Firstly, I would like to look at leverage. Some accounts I follow on Twitter were pointing to the large amount of liquidations which they believe has caused the crash. I see it slightly differently. The amount of leverage in the system…

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! I tried applying Elliot Wave again, but failed miserably. Solana (SOL) moved higher and reached 180 USD. I will leave this be for now and stick to Bitcoin (BTC) and Ethereum (ETH)… Bitcoin BTC (4h) The price pushed outside of the 44’000-50’000 USD range, and is currently keeping its head nicely above the base line and the cloud. It is…

The non-fungible token (NFT) craze is in full swing. Dozens of new projects are created each day, which has resulted in record-breaking volumes for most marketplaces. The one gaining most traction recently is the Loot Project. A broad introduction to its ecosystem. Some people claim the Loot Project is the first of its kind; others say similar projects are already out there. Either way, over the past few days, Loot seems to be getting everyone’s attention. I tried to dive into the project over the weekend, but quickly realised that I would only be able to scratch the surface. To…

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! Since Bitcoin (BTC) and Ether (ETH) are currently not playing, I have picked a token for today that is on fire: Solana (SOL). Solana SOL (daily) Are we in a 5-wave sequence? Yes, possibly. But it is hard to say where that Wave 5 might top out. If we assume that we are close to the top, then drawing Fibonacci…

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! Non-fungible tokens (NFTs) are an emotionally laden topic. But since the hype is in full swing, I thought I would follow up on a previous Monday Market Commentary, which only provided a rough overview of the NFT space. Since posting that commentary, I have had the chance to have quite a few conversations with both non-NFT holders and NFT holders. One of the interesting takeaways for me has been that most of the conversations with non-NFT…

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 Whenever the market is trading in a range, I like to zoom out on the chart to find some inspiration. Bitcoin BTC (weekly) My first observation: the market has managed to battle its way back after the crackdown in China in May. We are currently roughly 20% away from the opening of the weekly candle, where the market tanked. So far, 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! Today is fixed income day. During the first DeFi hype, there were almost no projects that focussed on fixed income. But now in the second wave, we are seeing a few very promising projects with interesting products. In my opinion, the project that demonstrates the great advantage of DeFi due to the almost unlimited composability is pendle.finance. It is not that they are doing something groundbreaking, but they have figured out how to strip (or tranche)…

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 (daily) As mentioned in last week’s comment the resistance at around 48’000 USD is a tough cookie. If I check the orderbooks of the main exchanges there are stale sell orders in the 48’000-50’000 USD region. I have set my trading view alarms on the topside at 48’150 USD, and on the downside at a dynamic one if…

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! I missed the first train… Let’s see if another one leaves the station at some point… I am talking about NFTs. I completely missed the train due to my lack of understanding and probably also my stubbornness. Now, I am trying to find my way into this sector, and hopefully my short overview will be of value in order to get a glimpse of this still very small market niche. What makes an NFT valuable? First…

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! I’ve just come back from a two-week holiday, so looking at charts again feels a bit odd. I currently have no real feel for the market (and its pain points). To get back into the swing of things again, I will begin by taking a look at higher time frames. Bitcoin BTC (daily) So, the 29’000 USD line showed some…

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! Our Market Commentary will be short today, but hopefully it will leave you with some food for thought now heading into the weekend. ECB and their CBDC project I have written extensively about the progress of the Chinese Yuan CBDC. The progress and speed on their side is not comparable to the western world. This is fine, since China has different motivations as to why it wants to accelerate this project. In Europe things are moving…