Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As good news starting to flow back into the crypto markets with Elon Musk reigniting the possibility of Tesla accepting bitcoin as payment, Paul Tudor Jones recommending a 5% BTC portfolio allocation, and Michael Saylor vying for the option to sell up to $1B…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Without much in the way of news heading into this weekend, either good or bad, the markets are left to their own devices over the next few days meaning that the technicals will likely drive the action. This is not great news for the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Things are starting to look better for the BTC bulls as price has recovered back to the $36k area today on the back of the El Salvador news following a brutal shakeout down to the $31k area yesterday that likely spooked a lot of…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a successful and eventful Bitcoin 2021 conference in Miami that was capped off with huge news that El Salvador will try to make bitcoin legal tender, we received more good news in the form of Michael Saylor and Microstrategy announcing plans to raise…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On the eve of Bitcoin 2021 in Miami, a sold out event that is expected to host 50,000+ cryptomaniacs, the markets are looking and acting better than yesterday particularly from a shorter-term technical point of view. The hype and buzz around the conference will…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite the low liquidity holiday weekend, the price action in BTC was actually fairly tame overall which tells us that perhaps we’re getting closer to a sustainable bottom in terms of both time and price. We also like the fact that many newer participants…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Now that we’re right in the middle of the Memorial Day holiday in the US it comes as no surprise that newsflow is practically nonexistent and price action remains choppy and directionless, which we think will continue over the near-term. The technicals also aren’t…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Newsflow is slowing and volatility is compressing heading into the Memorial Day holiday in the US, which comes as no surprise given the level of uncertainty that is present in the marketplace right now. The technicals also paint a very uncertain picture over the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While volatility remains elevated in bitcoin overall there appears to be at least a modicum of stability starting to creep into the market, due at least in part to the tweet yesterday afternoon from Elon Musk (and Michael Saylor) regarding bitcoin mining’s energy usage…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It was another fairly rough weekend for the bitcoin bulls as price sank back down into the low-$30k’s on bearish technicals and elevated exchange volumes, so we really need to stay cautious despite the bounce we’ve seen today. Having said that, positive news that…