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. Market commentary First off, yes the sell-off was brutal. This was especially true for the second wave (I will come to the different waves later). I have tried to structure this report as follows: my views on macro events, market structure, and a technical chart analysis. Additionally, each section will include some views/posts from people I follow whose comments add value to the current…

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! What a day… Bitcoin BTC (daily) Let’s gather a few facts together about what happened yesterday: Total amount of liquidations: $9bn Term structure: We quickly moved from contango to backwardation and back to contango again Downtime: This applied to most of the largest exchanges and some OTC desks Chain overload: Mainly Ethereum (ETH) News: Reuters posted a rather conflicting report saying that China is banning its citizen from holding, trading or transferring cryptocurrencies. China bans financial,…

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! First off, kudos to my former boss Simon Tobler who was spot on with his ABC correction call last week. My view was skewed to the bullish camp, which obviously did not play out. But let’s begin by taking a look at the two heavyweights and then check up on some altcoins. Some of them are holding up pretty well…

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’m back from my holidays (and feeling pretty damned refreshed). Let’s now dive straight into our weekly technical analysis. All of you who follow me know that I like to zoom out from time to time; especially after a longer break, it’s good to start off with the daily chart. Bitcoin BTC (daily) My first impression: the rising wedge has…

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 finally happened: we broke the lower leg of the rising wedge. The flash dip almost hit $50k. Bitcoin BTC (daily) So far, the retracements are all above the baseline (blue line), which makes me think we have a chance of a quick recovery. In case we lose the battle, though, the next support will come in at the upper…

Recurring market commentary on what’s happening in the crypto markets, summarized by Crypto Finance AG Senior Trader Patrick Heusser. Market commentary A few things have already been said/pointed out. I see it as a pretty healthy move in terms of the over leveraged situation the market has been in. The term basis in both BTC and ETH has nicely contracted to more normal (sustainable) levels. The total liquidations where a staggering $5bio for BTC but what is more interesting the additional $4bio that happened in altcoins ($1bio was on ETH). This is also felt in the perpetual funding rates for…

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’m not quite sure what my TA will be worth with the Coinbase IPO just around the corner… Bitcoin BTC (4h) We are still within a large potential rising wedge. The lower leg has four well-marked touchpoints now, which in my mind increases the importance of this line significantly. The topside at around 62k seems to be well kept due…

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! What could be better than TA-Tuesday after the long Easter break? With all the macro news in TradFi, but also in the crypto space, it makes sense to start with a zoomed out view and then work our way into the shorter time frames. Bitcoin BTC (daily) Yes, we are in a bull market, and so far nothing points in…

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’s going to be a short one today. Bitcoin BTC$ (4h) My imagined scenario from last week kind of played out. But we never reached the range where I was looking to add some longs. And I forgot the most important thing when doing the risk/reward analysis from a chart. Asking what big picture trend are we in? Yes, in…

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 seems that market participants are uncertain about the next larger move that bitcoin will make. This can be seen in the charts. Bitcoin BTC$ (daily) I am not convinced (yet) that we have a confirmed rising wedge. But the decreasing volume together with the fact that local tops are happening faster and less forcefully, might mean that we see…

Recurring market commentary on what’s happening in the crypto markets, summarized by Crypto Finance AG Senior Trader Patrick Heusser. Market commentary Good Morning! I’ve got a short Friday note for you today. It’s from a more technical analysis viewpoint, and points towards a potentially volatile weekend ahead. My concern is growing that we might run into a rising wedge scenario. The support line is pretty strong with more than four touch points. This does give me some confidence, though, in the event that we break lower through the trendline, which is when things could get ugly. Bitcoin (4h) I will…

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! We were on another rollercoaster ride last weekend, which was mainly driven by greed and the insane amount of leverage retail traders can take on various crypto exchanges. Let me elaborate on both points quickly, and hopefully on the back of my examples, some of my previous (and future) technical analyses will make more sense. Greed With the $1.9 trillion…

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! Before we dive into the charts, I would like to address a topic that seems to be bothering (or worrying) some traders and investors. The topic I’m talking about is the collapsed premium of the GBTC product (Grayscale Bitcoin Trust). You can see this premium on the bottom of my chart (orange = BTC, and blue = ETH). It has…

Recurring market commentary on what’s happening in the crypto markets, summarized by Crypto Finance AG Senior Trader Patrick Heusser. Market commentary Good Morning, folks! We started the week with the Cardano “Mary” hard fork. “Mary” allows users to create tokens that run on Cardano natively, just as ADA does. By allowing for the creation of tokens on the Cardano blockchain, Cardano’s decentralised blockchain will be transformed into a multi-asset blockchain. This will unleash the full promise of Cardano for a wide range of services and solutions, e.g. decentralised finance (DeFi), non-fungible tokens (NFT), stablecoins, and others. It paves the way…

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 In today’s TA-Tuesday, I would like to present an alternative view of the LTCBTC pair. The LTCBTC ratio is common and directly tradable on many platforms. However, there is a big disadvantage when trading the LTCBTC pair: no clean risk/reward can be expressed a priori in USD. A hedge ratio, which is a classic pair trading strategy, provides an alternative. To do…

Recurring market commentary on what’s happening in the crypto markets, summarized by Crypto Finance AG Senior Trader Patrick Heusser. Market commentary Good Morning! It has been a rather volatile week with a healthy correction below $50’000. The trading range registered more than 15’000 points: more than a 25% correction from high to low. The overall situation for derivatives has eased a bit, leaving the futures trading at less premium. There was an expiry with huge open interest for 48’000 contracts, and investors finally took profit. Our desk experienced a mixed situation, as we also picked up trades on the downside.…