Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets are moving higher today despite strength in the US dollar and weakness in the precious metals complex, no doubt a good sign for the bulls moving forward. It also doesn’t hurt that long-time bitcoin bull and Ark Invest founder and CEO…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With GameStop, silver, and WallStreetBets dominating the news cycle this first day of February, bitcoin remains under the radar and fairly stable which is what we expected and what we think is the most healthy thing for the market at this time. The more…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a wild 24 hours in the bitcoin markets with price rising all the way up into the $38,000’s earlier today, a move that started yesterday on the back of news that Ray Dalio of Bridgewater is considering adding BTC to new funds.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With weakness permeating the US stock markets today and the US dollar strengthening on the back of a safe haven bid, it comes as no surprise that bitcoin has seen some selling materialize as well. Price moved down to new local lows below $30,000…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets are under a bit of pressure today on the back of a report out of JP Morgan stating the liquidity risks to BTC should Tether see a loss in confidence and/or an investigation by the government, concerns that we think are…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets continue to consolidate in the low-$30k’s as we begin this final week of January, which is actually fairly good news for the bulls given some concerning near-term signals that we discussed over the weekend. It is also good to see that…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The recent rebound off of the new $28,800 local and regional low from Thursday afternoon has been fairly impressive on the part of the bulls but comes as no surprise given the amount of support below $29k that we mentioned heading into this weekend.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook BTC prices are down hard today on a barrage of seemingly bad news stories that have caused some fairly intense selling, however the double spending FUD has already been debunked and the CSW whitepaper lawsuit is ridiculous on its face, therefore we think these…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook In contrast to what we saw happen in the bitcoin markets yesterday when bad news resulted in fairly encouraging price action, today we’ve seen weakness throughout most of the US trading session with price reaching down to new local lows despite some good news…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It comes as no surprise that the bitcoin markets remain in consolidation mode as expected given the technical outlook that we discussed over the weekend, although it is fairly impressive that the bulls were able to keep their cool despite Janet Yellen, new US…