Cryptocurrency Technical Review

Feb 11, 2022 • 7 Min Read
The chart in this report is only accessible to members
The chart in this report is only accessible to members

Key Takeaways

  • Cryptocurrency rally looks to have temporarily stalled out after a sharp three-week rally.  Ethereum has stalled out in its relative performance vs Bitcoin, and for now, Bitcoin is an outperformer over Ethereum and should be favored. 
  • Weekly momentum remains negative and Cycle composites start to turn lower in early March into April/May, so given low retail interest and not many inflows, this could limit the larger rally continuing to all-time highs in 1H 2022.  A Spring low looks likely.
  • BTC, ETH, MATIC, SOL, LINK and XTZ analyzed along with support/resistance

Support/Resistance and Technical Data

The chart in this report is only accessible to members
Bitcoin (BTCUSD )  Bullish, but rallies likely encounter resistance into late February.  Bitcoin remains in a near-term uptrend following 2/4’s move back up above 39,558 which turned trends positive.  This was a constructive development technically speaking, with prices having recouped former lows from 1/10/22 along with surpassing the downtrend line that has been ongoing since early November.  Moreover, the degree of positive correlation with Bitcoin to US Equities looks to be ongoing and both began to turn back higher in late January.   Key resistance o...

Unlock this article by joining our Community!

An FSI Pro, FSI Macro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Already a member?

We accept crypto via BitPay for yearly subscriptions.

Choose one of our yearly plans to save nearly 15%
Macro + Crypto

FSI Pro

The Complete Package

FSI Macro + FSI Crypto

from $219/mo

First Month Free!

Macro

FSI Macro

from $169/mo

First Month Free!

What’s included?

WEBINARS AND MEDIA

Webinars

We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights!

WEEKLY

COMING SOON

Fireside Chats

Weekly interviews with our research heads about market opportunities and important updates.

RESEARCH

WEEKDAYS

Tom Lee's First Word

The best market research out there -- on a near-daily basis.

ON MARKET EVENTS

Tom Lee's Intraday Word

These are released periodically after crucial market developments.

DAILY

Daily Technical Strategy

Daily commentary on market trends and short term opportunities.

WEEKLY

Wall Street Whispers

Exclusive insights based on discussions with institutional clients.

WEEKLY

Quantitative Strategy

Quantitative market research utilizing industry-leading analytical methods.

WEEKLY

US Policy

Weekly update on developments in Washington DC and how they may impact Wall Street.

WEEKLY

Weekly Roadmap

Weekly summary of market events and updates on our key theses.

EARNINGS SEASON

Earnings Daily

A multi-faceted update of earnings developments.

UPDATED BI-WEEKLY

Signal From Noise

Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective.

STOCK LISTS

UPDATED MONTHLY

FSI Sector Allocation

A sector allocation strategy that is designed to outperform the S&P 500 while taking minimal risk.

UPDATED MONTHLY

Factor Strategy

List of ETFs based on quantitative models that should outperform the S&P 500 on a monthly basis.

UPDATED MONTHLY

Newton's Upticks

Technically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500.

AND MORE!

FSI Academy

Thematic investment stock picks that aim to outperform the S&P 500.

Community Questions

We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!

Community Interviews

Get questions answered directly by our research heads and guest speakers.

Get access to all the macro research on FS Insight

First Month Free!

Crypto

FSI Crypto

from $79/mo

First Month Free!

What’s included?

WEBINARS AND MEDIA

Webinars

Ongoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms.

WEEKLY

Crypto Comments

Digestible videos expanding on important market events and metrics that are shaping cryptocurrency markets.

RESEARCH

DAILY

Crypto Market Update

Stay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news.

INTRA MONTH

Crypto First Word from Tom Lee

Hear directly from Tom Lee about important cryptocurrency developments.

WEEKLY

Crypto Technical Strategy

From Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge.

WEEKLY

Crypto Strategy

A must-read summarizing our key thoughts about the crypto market, price action, and developing trends.

WEEKLY

Funding Fridays

Are you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested!

WEEKLY

COMING SOON

Crypto Events

Never miss another conference, a high-impact software update, or an event that could be market-moving!

NTRA-MONTH

Deep Research Reports

Our consulting business delivers incredible deep research reports to highlight the economics and viability of exciting crypto projects.

WEEKLY

Crypto Strategy

Keep track of bitcoin sentiment to plan your digital assets strategy.

AND MORE!

FSI Academy

Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.

Community Questions

We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!

Community Interviews

Get questions answered directly by our research heads and guest speakers.

Get access to all the Crypto research on FS Insight

First Month Free!

Reports you may have missed

Bitcoin (BTC) broke out of its triangle pattern today, Monday 11/8, and could set a new all-time high close above 65,990.31.Relatively speaking, BTCUSD should begin to gain in relative strength based on a minor breakout in its Dominance chart which should help its market capitalization start to pick up speedLTCUSD, ALGOUSD, and LINKUSD all should be favored for gains in the weeks ahead as these are making favorable technical breakouts...

Sign in to read the report!

We have detected you are an active member!

Ray: 7584e7-ae0e4f-6a2286-e059cf-305f08