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! A pretty early stage protocol called Horizon (horizon.finance) has caught my attention. Horizon is trying to bring interest rate swaps into the DeFi space. This is a super exciting prospect for me as a former interest rate swap trader. I have to say, however, that when I read the white paper it is not entirely clear to me yet just how this will work. Also, I am struggling a bit to see the…

How did the different sectors in the crypto market develop and which coins stand out in each sector? The detailed sector analysis on a monthly basis. Sector Analysis November 2020 In early to mid-month, we saw bitcoin outperform the indices. From mid-November, a race to catch up began, which led to a month-to-month outperformance of ALT (+60%) against Bitcoin (+42%), MID (37%), and SHIT (+40%). The underperformers in the ALT index (10 coins) were BNB (-0.86%), BCH (+8.4%), and EOS (10.15%). The largest performance drivers were XRP (+154%), ADA (+63%), and LTC (+54.5%). The MID index (30 coins) generally saw…

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! When Bitcoin is busy consolidating, I have time to check on my favourite sector: DeFi. In my view, some pretty cool developments are taking place. Let’s start with yearn.finance (YFI): Founder Andre Cronje is cranking up the heat with collaborations with CREAM and now also with SUSHI SWAP (see here). This is becoming a real flow monster. I am pretty excited about it, and I believe it will shape the DeFi landscape…

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! There was/is a lot of discussions in various Telegram groups and forums about the tweet from Brian Armstrong, CEO of Coinbase: https://twitter.com/brian_armstrong/status/1331744884856741888?s=20 It is not really “new” news. US Treasury Secretary Mnuchin talked about this topic weeks ago. But maybe with Brian’s tweet, a broader base of retail traders was reached. They are usually more leveraged, and it caused them to panic. Anyways, as expected (and also mentioned before Thanksgiving and 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! What goes up must come down… I was watching the sell wall on our screen at around 19.5k yesterday afternoon. Our take was that we need another catalyst to get enough power to break through. This did not come to pass and we were rejected yet again at 19.5k. The bid side was always thin due to the fact that the market was pushing higher on the back of so-called “market buys”…

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! What a week! Bitcoin BTC$ (4h) 19k is a tough nut to crack for Bitcoin. Plenty of offers on different trading venues have started popping up around that level (see image below). In terms of the support level: I see 17.5k to be crucial. We consolidated there for a while, but also dipped down and…

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! There is the risk of me sounding like a broken record. But in my view the amount of development going on in the crypto world and the traditional financial sector are the building blocks for a seismic shift/change in how we will invest and trade assets (traditional and crypto ones). We have Ari Paul from Blocktower Capital https://twitter.com/AriDavidPaul/status/1329840898461622273 and Su Zhu from 3ac (three arrow capital) who are talking about hedge fund…

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 another nation is pushing forward on their national CBDC project: Japan (see here). The path ahead is clear: it is not a question of “if” but “when” CBDC will take over most payment transactions. I can understand why some countries’ CBDC projects are moving along a bit slower: due to seeing no immediate efficiency gains and/or being hesitant due to the uncertainty of if a “global” standard will be established. 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 OKEx coin and the head of the OKEx exchange, Star Xu, are on the move. Or, to be more precise, the OKB coin (exchange token) is showing some signs of relaxation (see chart below). The news came in through one of the best sources if you want to know what’s going on behind the curtains in China: Wu Blockchain. No official statement has yet been issued from the OKEx management team; nor…

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! To be perfectly honest, I’m glad that we had this pullback. It takes some pressure off of the slightly overstretched derivatives market, and it presents a new opportunity to everyone who isn’t long enough yet. Here are some quick stats about what happened during the 20 min $1,500 dip: $313 mio Bitcoin (BTC) liquidations $66 mio Ethereum (ETH) liquidations Roughly 20k bitcoins changed hands on the five main exchanges Altcoins suffered even…

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) The triangle has worked out nicely, and yesterday it already reached the target (at roughly $16.8k). The bullish wave structure is still in place, and as long we trade above $15.6k there is nothing to worry about (except if you are not long…). Ethereum ETH$ (4h) ETH is not playing along as…

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! So… we got the Bitcoin Cash fork out of the way. We will monitor the situation and inform you about any further developments. From a market/trading perspective, this was a total non-event. Bitcoin was in sleep mode. It is still trading around the 16k mark, with some minor dips over the weekend, which are usually low volume. The music is playing in the Ethereum world. Not really in terms of the 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! The Cred has filed for Chapter 11, but this has been largely ignored by the market. Once again, this goes to show just how strong the buy sentiment is right now. The lesson I believe there is a lesson to be learned from this. In my long-term decentralised finance plan, I mentioned that it brings back both the power and the responsibility to the investor (taking it away from banks, brokers, and…

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! Here is a very good research report from Delphi Digital about Polkadot summarized in a Twitter thread. https://twitter.com/ashwath_22/status/1325877502003216385?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1325877502003216385%7Ctwgr%5Eshare_3&ref_url=https%3A%2F%2Fcvj.ch%2Fmarktkommentar%2Ftaeglicher-marktkommentar-vom-12-11-2020%2F To me, this goes to show that projects like these ensure the existence of a solid basis and continuous development, which will serve to drive the DeFi sector forward. I believe the DeFi sector is here to stay. A short overview of the project by Ingo Rübe, founder and CEO of BOTLabs: https://cryptovalleyjournal.com/education/basics/polkadot-generation-change-in-blockchains/

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! After such strong moves, it is always good to zoom out and take a look at the big picture. Also, I would like to dive into “my list” of altcoins that I have been talking about for the past few weeks. BTC (weekly) A great deal has happened over the past three years when 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! It was quite a weekend! ETH and DeFi altcoins made a sharp move higher over the past 24 hours. The current market setup: BTC$ is consolidating, and there is still enough fresh money to stabilise the price. This means that more advanced traders are starting to rotate some of their BTC gains into altcoins. Most of those coins have suffered a 50-80% loss over the past two months and are now quickly…