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 professional Traders. Technical Analysis Good Morning! Both Bitcoin (BTC) and Ethereum (ETH) are nearing the critical supports of 29’000 USD and 1’700 USD. Bitcoin BTC (daily) How low can it go? Probably down to 20’000 USD. If you look at the liquidity pool structure, there was not much trading on the way up, except a bit around 23’000 USD. What surprises me is the very low…

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! Regulators around the globe have recognised cryptocurrencies as an asset class. They are tightening their regulatory screws and writing papers about it (mostly about stablecoins). I recently came across a paper from the Federal Reserve Bank (Jeffery Zhang) and Yale University (Gary B. Gorton). Fiat-backed stablecoins are obviously getting the most attention of central banks due to their close ties to fiat money and the fact that they are a direct competitor to a potential central…

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! Currently, markets are quite boring, aside from some smaller token moves. Larger tokens continue to trade in a range that seems to becoming more and more narrow. This could be an indication that we will see some volatility coming back into the market. I will only focus on BTC today, but I’m happy to take a closer look at other…

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! Things that make you go hmmm… In this case, the valuation of the newly announced IPO of “Bullish”: 9 billion USD. Let’s quickly break it down: it is pretty straightforward. There are only two components involved in the valuation of the company: The crypto holdings (roughly 6 billion USD) The value you assign to the newly launched exchange Bullish (valued at 3 billion USD, which then adds up to the 9 billion USD valuation) So, in order…

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! Do we see an “alt-season” yet? Some of the DeFi blue-chips started to move and so did ETHBTC. Ethereum / Bitcoin ETHBTC (4h) The cross started to bounce off the lower end of the downward moving channel. At the same time, the price pushed above the base line (blue line) and stayed there for the entire mini rally. The mini…

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! Slowly but surely mass adoption will arrive. And this means that there will be more and more questions coming from traditional investors. They will ask questions along the lines of “What valuation model do you use for cryptocurrencies”? Bitcoin BTC (daily) As far as Bitcoin (BTC) is concerned, I see the asset purely as a store of value with a fixed supply. If it does its job of being a store of value, and investors realise…

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! It is all about the BTC baseline… Bitcoin BTC (daily) Since the fake breakout on June 15th, the price has been dancing around the baseline (blue line). Over the past week, it provided decent resistance. The liquidity pool we are forming between 32’000 USD and 40’000 USD is pretty significant. It shows that there is good trading interest in that…

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! Finally, there is some good news from the regulatory front. The FATF finalisation of the AML guidelines (the first draft looked pretty bad for crypto overall) has been postponed until October due to the volume of feedback. I have always believed in a dual ecosystem (TradFi & DeFi), and have argued many times that we need to either find and/or build bridges between them, so capital can flow freely between the two ecosystems. Additionally, I have…

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! Today, I will stick to the Bitcoin (BTC) chart, but the analysis will be fully zoomed out. Let’s start with the weekly timeframe. Bitcoin BTC (1w) This is the first time since April 2020 that we have crossed the base line (blue line) – now to the downside. The line turned immediately from support to resistance. In terms of the…

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! We are back to the “chicken & egg” dilemma: Does the hash rate follow the price or is it the other way around? I do not have an educated opinion on this. But I do see a possibility of playing the current market structure. I believe that retail traders tend to believe that “the price follows the hash rate”. Usually, retail traders look for indicators that give them the illusion of being able to find a…

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 am not really in sync with the market. We did not reach the lows I thought we would after last week’s topside failure. And I totally missed the rotation out of Ethereum (ETH). Having said this, if you are feeling out of sync, it is important to take a step back and take a fresh look at the charts.…

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 price consolidations, market participants generally get bored by the choppy price action without a clear trend. I think that during these periods, you can learn a great deal about the market structure and the potential changes to that structure. Usually, the changes become very obvious once there is a trend again, but a majority will have missed the first larger move. I was watching the order books over the past 2-3 weeks like a hawk.…

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! It will be a short one today. The market is still in a consolidation phase, and there are no new developments. Bitcoin BTC (4h) There was a glimmer of hope when we traded above the baseline and pushed into the cloud. But it didn’t last long… Price action and the flattening of the term future structure are not producing any…

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! Bitcoin Conference Miami 2021: My Takeaways First off, I was not there in person. I was only able to observe the conference digitally. However, I do think I managed to see more content than many visitors who attended physically. Let’s start off by looking at the range of content quality. Top end: https://twitter.com/themazuma/status/1401286885851402242?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1401286885851402242%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcvj.ch%2F%3Fp%3D27723preview%3Dtrue Absolute bottom: https://twitter.com/pitdesi/status/1401441192450031617?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1401441192450031617%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcvj.ch%2F%3Fp%3D27723preview%3Dtrue On social media platforms, it was very easy to find the crap content. So, it is pretty hard to determine…

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! Don’t forget: You don’t need to jump on every trade. Practice patience during a choppy consolidation. Bitcoin BTC (4h) The zig-zag price behaviour is beating up retail traders pretty badly. We have no clear wave structure and we are dancing around the baseline (blue line), which is acting a bit like a short-term bullish/bearish line. Volume is decreasing in the…

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! There has been a lot of bloodshed in May 2021. When you look at the chart below, you will even see that May 2021 was the bloodiest in the history of bitcoin’s existence. All of my followers know that I do not like to label or name triggers that cause price moves. I prefer analysing and comparing what the market structure was before a larger move to how things look afterwards. I already mentioned on TA-Tuesday…