Marktcommentary from Patrick Heusser, Crypto Finance AG Inhalt 1 Rotation Analysis 2 Altcoin Futures Basis Analysis 3 Top Ten Comparison 4 Volatility and Correlation Comparison 5 ETHBTC 4h Technical Chart Analysis 6 Market Cap Overview Glossary 1. Rotation Analysis An impressive bull run We saw an impressive bull run within 48 hours. At the beginning of the week, BTC was steadily trading higher towards the 7,500 resistance until it then accelerated towards an important resistance between 9,200 and 9,300. BTC moved up 2,000 points, and is currently clearly dominating the field. No major news were reported that could be responsible…
Author: Patrick Heusser
Market Commentary von Patrick Heusser, Crypto Finance AG Good Morning! Good Morning! The pressure is mounting. In almost every country, voices are getting louder, demanding that the economy reopen. Not only adults want to go back to work, kids miss their friends and they even miss school. How does this affect the global financial market and crypto assets? The way equities are trading (or opening this morning) it seems that investors around the globe are flirting with a reopening of the economy. Additionally, we have every central bank on the planet providing a backstop for pretty much every fixed income…
Market Commentary by Patrick Heusser, Crypto Finance AG Good Morning! LIBRA is back, and hitting us up with their White Paper 2.0. Let’s rewind to their White Paper 1.0. It was a revolutionary idea to have a new “global commercial retail currency” called LIBRA. The regulatory hurdles were very high, and I pointed out several times in the past that their reserve handling (or asset management concept) was non-existent. Time of publication chosen in an interesting way The timing of their revamped white paper is interesting. This week we have seen reports from the FSB (Financial Stability Board) and a…
Good Morning! Bitcoin Mining: The Gravitational Pull of Difficulty While doing my regular weekend reading, I stumbled across a very interesting article from a bitcoin mining rig distributor company called Blockware Solutions. Ability to survive elementary for Miner Their article makes it very clear that mining profitability, and their breakeven rates are NOT the price floor. The key statement in the article is that mining is about the ability to survive, which is very closely connected to the cost of electricity and technological developments. The code is law The race for hash rates and the linked difficulty adjustment in combination…
Good Morning! Are we all ready for a volatile weekend of trading? I have the feeling that this fake breakout might spark some volatility on Saturday and Sunday. Tweets from heads of state could increase the volatility of Bitcoin As far as the traditional markets are concerned, I think we might be seeing some “surprising” tweets from “certain” state leaders. These will serve to increase the volatility of bitcoin. From a short to medium-term market outlook, we are still looking for another leg lower in equities and the bond markets. This especially applies to the corporate bond space. Imminent mortgage…
Marktcommentary from Patrick Heusser, Crypto Finance AG Inhalt 1 Rotation Analysis 2 Altcoin Futures Basis Analysis 3 Top Ten Comparison 4 Volatility and Correlation Comparison 5 ETHBTC 4h Technical Chart Analysis 6 Market Cap Overview Glossary 1. Rotation Analysis BTC was created during a financial crisis. Will it come of age during this one? Governments and national banks are still busy injecting massive amounts of cash to stabalise and improve the economic situation in the short run. So far, the market has treated them as one of the winners, but the question still remains how the long-term scenario will look.…