Author: Patrick Heusser

An overview of what is happening in the crypto markets, summarised by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Consolidation is in full swing… Bitcoin BTC$ (4h) In last week’s report, I said that prices had set a local top at around $42k, and that we would most likely move sideways in a typical consolidation structure with lower highs and higher lows. This usually results in a potential symmetrical triangle formation, mostly accompanied by lower volatility and lower volume. However, OI stays elevated in the futures market. Despite the potential triangle pattern looking rather…

An overview of what is happening in the crypto markets, summarised by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! I think it is time for another DeFi update since we have seen some crazy moves over the past 30 days in a series of tokens. You might remember when I explained some of my choices in my DeFi portfolio. The main reason was and still is the tokenomics behind the protocol. I mainly invest in tokens that show a kind of positive cash flow model for the token holder. Many of the…

An overview of what is happening in the crypto markets, summarised by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! Mining reward tokens meet DeFi yield farming. Yes, it sounds crazy, but it is actually a pretty straightforward investment. One of the biggest cloud mining platforms, Poolin, has launched the pBTC35A (ERC20) token. It features the following: Power efficiency –> 35 J/TH Electricity costs –> $0.0583/kWh The (let’s call it) IPO price of this token is USDT 100 per 1 pBTC35A token. You might now be asking yourself “What is its fair value…

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! So… hmm… prices went down?!? Yes, they did, and when they move, they usually move fast. Before we dive into the charts, I just want to comment that from a market structure point of view a correction was desperately needed. The derivatives market has been overheated (with funding rates at elevated levels for a long period), and the term premium…

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 – and Happy New Year! I think that the current market movements are reason enough for me to share my thoughts with you. Currently, my focus is on the topic of the blow-off top, but also on the potential timing of rotating some exposure from bitcoin into other coins. First, let’s talk about the blow-off top. I have mentioned it in earlier market commentaries, but since then, I have not seen 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 Good Morning! Bitcoin showed us once again that if the “king” is on the move, nothing else has the power to move… The liquidity vacuum bitcoin creates when it moves is astonishing. It is a reminder to everyone who thinks they can make more money by placing their bets on an altcoin. However, the current market conditions do open a nice window of opportunity if you want to move some of your bitcoin profit…

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 $900 billion Covid stimulus deal was the news item of the weekend. The most important parts of the deal are the following: Direct payments of $600 to most Americans ($600 per adult and $600 per child) $300-per-week in enhanced unemployment benefits through March $284 billion for the Paycheck Protection Program that provides forgivable loans to small businesses $82 billion for education $30 billion for the procurement and distribution of a Covid…

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! During the last 12 hours, we have finally seen a kind of consolidation in Bitcoin (BTC). This can only be considered healthy given the massive bull run over the last few days. BTC is a dominant force on the market, and is making other major coins lag behind. Especially the Mid and Shit segments are currently underperforming. The newly launched Bitcoin Volatility Index (BVIN) has moved 10 points to a level of…

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 drill down into the structure of the the market: What exactly happened over the past 24 hours? In terms of spot volume, we have not yet hit the amount we saw in November (but, we do have another 13 days to go). It will be interesting to see where we end up on December 31st. However, it does not look like we will be able to top November. To me, this…

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! Aaron Wright has presented DeFi to the Commodity Futures Trading Commission (CFTC) in a very straightforward way. This is the way forward, ensuring that regulators have the chance (note: I am not saying to catch up) of staying informed in the most professional way. The presentation is roughly 60 pages long, and I can recommend it to everyone who is really interested in decentralised finance. Also, if you want to understand and…

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! Bitcoin BTC$ (4h) So, we are back to square one on the Bitcoin chart. The triangle did not get confirmed and we, subsequently, broke through the downside and even through 18.5k. The selling pressure lost some steam in the 17.5k area, and a nice reversal over the weekend got us back up to the current price…

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! You might remember me talking about the Horizon project a while back, which is developing an interest rate swap model. There is now a new project out there, called Swivel-Finance. It taps into the same topic. Multicoin Capital has invested in it, and has written an article about their offering (click on the image below). Compared to the Horizon protocol, I find Swivel a lot leaner and easier to understand. I am…

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 am a bit surprised to hear the name of the bank that is pushing forward with stablecoins in Germany: Bankhaus von der Heydt. This is a very old bank that has, however, specialised in securitisation-related transactions. The underlying blockchain it has chosen is “interesting”: Stellar (XLM). This is not a chain that seems to have a lot of working DAPPS, or a great deal of traffic/transactions. But it is a step 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! Dune Analytics is a pretty powerful tool to query the Ethereum network. They have just added a new feature, however, which could backfire. Now you can add “address labels”. Check it out here. It looks like anybody can now add a label to an address. What is not quite clear to me, though, is if that label is visible for everyone who uses Dune Analytics. If that is the case, I wonder…

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 dive straight into the charts… Bitcoin BTC$ (4h) We are in a potentially textbook distribution pattern (triangle). I would say that we will have a confirmed breakout above 19.6k, and then we will start the next attack towards the ATH of 20k. There are a lot of spot sell orders between 19.6k and 20k.…

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! In addition to the collaboration efforts of the “big two”, Yearn Finance and Compound, we are also seeing some cool developments in the DEX space. One of the big problems for LPs (liquidity providers) and the various DEX pools (asset pairs) is IL (impermanent loss). I wrote a little bit about this when telling you about my SUSHI SWAP adventure. At that point, it was one of the unhedgeable risks. Rahul Rai,…