Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook No big surprises in the bitcoin markets recently as daily closes above $15,968 last Thursday and Friday allowed the bulls to stay in control over the weekend which led to a bullish consolidation that is now shifting back into an uptrend as $16,494 was…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While there was some minor downside volatility into the mid-$15,000’s yesterday, the market quickly bottomed and reversed back to the upside and has been strong ever since, pushing up above $16k earlier today which is certainly good news for the bulls moving forward. Although…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook BTC is trying to breakout above the old $15,968 regional high today following more good news over the past 24 hours of billionaire investor Stanley Drunkenmiller being long bitcoin and the Swiss government considering changing their constitution to include bitcoin as a national reserve…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook BTC has settled into a fairly tight consolidation above $15k over the past several hours despite mixed performance in the legacy markets, which is good news for the bulls from a shorter-term price action perspective. Seasonality also remains a tailwind over the coming weeks…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite an increase in both upside and downside volatility in BTC over the past few days, there haven’t really been any surprises considering that price is following our forecast fairly closely with the $16,000 area acting as resistance thus sparking some selloffs back down…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As is typical in a bull market, price is outperforming expectations and is turning parabolic over the near-term as we are now testing the $15k region for the first time in almost three years with little in the way of pullbacks until the very…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It comes as no surprise that the US election has turned into a bit of a mess as multiple states are too close to call and questions abound regarding the integrity of the vote counts, so there remains a great deal of uncertainty that…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With Election Day upon us in the US and the heightened uncertainty surrounding the event, we’re somewhat surprised at how well global risk assets are performing given what could be a contested election, not only in the presidential race but also in Congressional races…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With the US dollar index firming up a bit to start this first week of November and some questionable technicals on the BTC charts due to an unconvincing breakout above $14k over the weekend, we think it makes sense that BTC is under pressure…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a week of ups and downs with little true progress in either direction, we think it was a very constructive week for the BTC bulls considering the substantial amount of sell pressure on the global equity markets that has continued into today. We…