Crypto Research
705 Results
SEEING IS BELIEVING FOR MANY TA’S BUT TRADERS AND INVESTORS DON’T ALWAYS HAVE THAT LUXURY - Many technical analysts understandably prefer to see technical patterns resolve in one direction or another before committing new capital to a developing trend. We have said it before, pre-judging technical patterns before they resolve can be detrimental to one’s financial health. That’s all fine for starting new positions but most investors are already committed...
MARKET ANALYSIS This week, Bitcoin’s price volatility dropped to its lowest level since the Black Thursday crash on March 12th; indicating a sustained lack of definitive direction in the market over the past few weeks. Following Black Thursday, Bitcoin rallied over 150% leading up to the mining reward halving, but has yet to establish a prolonged break above its key $10K resistance level. As of June 8th, it was trading...
BTC’S TEMPORARY BREAK OUT LEAVES IT BACK IN THE BOX BUT ALTS CONTINUE TO TREND HIGHER. BTC, once again, whipsawed traders over the past few days temporarily gapping up above the widely watched 10K resistance level only to gap back down into its May trading range to test 9.1K support and settle back to where it all started near 9.5K. It all reminds us of the title to the Pharcyde’s...
MARKET ANALYSIS Bitcoin climbed as high as $10,200 on Monday June 1st before retracing to $9,530 by Tuesday’s close and ending the week up 7.2%. According to research from CryptoQuant, this latest dip could be attributable to the 5th largest mining pool, which is unknown, liquidating a large stock of coins on Wednesday as Bitcoin surpassed $10,000. Bitcoin remains firmly ahead of gold as the best performing asset class on...
Over the past week BTC broke below near-term support levels at its 15-dma and then a key level 9.1K coinciding with its March-May uptrend, only to bounce back over the past three days. In fact, while the very short-term volatility violated near-term support raising trading concerns BTC was potentially into a corrective phase, the rebound this week was from a secondary uptrend line joining the late March and April lows. ...
Our view on crypto markets has not changed since last week when we increased our FY 2020 Bitcoin price outlook to $16,500. We saw a bit of bumpiness today when markets sold off after 50 BTC that had remained dormant since being mined in 2009 unexpectedly moved, spooking roomers of Satoshi selling coins. We’d dismiss this as an unlikely non-risk event and stay focused on the fundamentals. Crypto still looks...
Similar to other risk assets, such as the S&P 500, BTC has traded in a relatively narrow range under resistance through May. A breakout in either direction from the recent trading range is likely to signal BTC’s next tactical directional shift. 10k followed by 10.5k remain the levels traders are fixated on but 9.1K also remains an equally important trading level to be aware of. Our bias is for an...
BULLISH NEWS BUT A VOLATILE TECHNICAL RESPONSE - Despite the past week’s quick sell-off from resistance that saw most crypto currencies break below rising 15-dma’s, most coins remain in uptrends supporting long side exposure. As always, we find it noteworthy that despite seemingly bullish expectations regarding BTC’s halving, Paul Tudor Jones’ endorsement and news JP Morgan is increasingly engaging with crypto, BTC and ETH ping ponged between key technical resistance...
Increasing Outlook: Sentiment & FY 2020 Forecast Support a “Non-Speculative” Bitcoin Price of $16,500
PORTFOLIO STRATEGY The conditions appear in place for a continued rally in crypto asset prices over the course of the year. Last week brought two events that 1) incrementally de-risked the downside and 2) improved the bull market case.We are gaining confidence in the sustainability of this rally with each day that passes after the halvening that we don’t see signs of trouble in the mining sector.Investor sentiment data has...
PORTFOLIO STRATEGY In our prior note, we indicated that markets could likely see continued strength leading up into the Bitcoin halvening and that’s what we got this week. While my view has not changed since last week, this week I will offer investors 15 observation ahead of the halving. The picture is not conclusive, but it paints an on balance positive story. Bitcoin still has room to go before reaching...
A PAUSE FOR MOST ALTS BUT BTC REMAINS RESILIENT, CHALLENGING 9.5K HEADING INTO ITS HALVING - Most cryptocurrencies paused or pulled back over the past week after rallying into resistance bands with short-term momentum peaking at overbought levels. BTC also paused but has been impressively more resilient notably over the past two days, challenging resistance between 9-9.5K as the widely anticipated May 12 halving draws near. SO WHAT TO DO?...