Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we move into this slow summer weekend price is consolidating as expected following some weakness down into the $34k’s yesterday, which didn’t come as a surprise either given Mr. A and I’s discussion during the TCV CMU video on Thursday that lower prices…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow news day following a significant rally it isn’t much of a surprise that price is still consolidating just below the $40k level as we mentioned was a good possibility yesterday, although in the previous update we posited that a move up…

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…