Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Given our bearish near-term outlook on BTC late last week it came as no surprise that price moved down to new regional lows around the $47k level over the weekend, although the strength of the bounce off of those lows has been unexpected and…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Apparently our rather bearish video update from Wednesday was rightfully so considering that price crashed down into $47k’s overnight thus further damaging the technicals heading into what is likely to be a turbulent weekend. This latest leg of the correction came on news that…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook We’re seeing a bit of a rally heading into the daily close following news that Venmo will begin facilitating crypto transactions much in the same way that PayPal and Cash App do now, no doubt good news for the bulls moving forward. The technicals…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook A combination of bad news, rumors, and overleveraged traders resulted in a large drawdown in BTC over the weekend with prices reaching lows around $51k on a fear-induced flash crash before some stability has returned to the market over the past 24 hours. While…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite some positive comments out of Ray Dalio today in Texas, it’s been a rather slow news day once again as we head into the weekend, which comes as no surprise given the hype around the Coinbase IPO earlier in the week. This lack…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite mixed emotions regarding Coinbase within the crypto community, it truly is a historic day for the industry particularly considering that the first few COIN trades on the Nasdaq briefly made it a $100 billion company, bigger than any US-listed exchange or broker by…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With only one day to go until the Coinbase IPO, it comes as no surprise that BTC is breaking out of its month long consolidation thus reaching new all-time highs on still favorable technicals and supportive fundamentals. While we were concerned a few weeks…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook In yet another sign of bitcoin and crypto’s creep into every industry, insurance giants Liberty Mutual and Starr have partnered with NYDIG to expand the use of bitcoin in insurance, which is certainly good news from a fundamental standpoint. Technically speaking, the market looks…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Choppy sideways action continues to dominate bitcoin trading today despite an earnings release from Coinbase which showed strong growth for the company and for crypto heading into the direct listing in a few weeks. While we’re not that worried about a deeper correction late…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Over the past several days the bitcoin markets have continued to consolidate below $60k as expected, likely due to the Easter holiday as well as still somewhat uncertain shorter-term technicals. That said, the near-term outlook is beginning to improve in terms of those technicals,…