Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following the rally above $11,000 late last week, the BTC markets proceeded to consolidate over the weekend as expected which we thought would a bullish development to start this mid-October week, and indeed it has been considering that price has pushed higher again today…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While our bullish bias on BTC coming into this weekend was certainly warranted seeing as though price moved through the $11,000 resistance level fairly easily yesterday as expected, we underestimated the strength of the bulls who found very little pushback from the bears in…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following another day of boring consolidation yesterday, BTC is rallying up towards the $11k area today on a technical breakout caused by news that Square bought $50 million worth of bitcoin for their treasury, much like Microstrategy about a month ago, and it sounds…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The short-lived selloff this morning as a result of news out of the UK that the FCA has banned crypto derivatives has once again illustrated how resilient the market is as price is now back above $10,700, so our forecast for $11k before a…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The BTC bulls appear to be gaining some confidence to start this first full week of October following another weekend of sideways to slightly bullish consolidation that set the market up for an upward bias over the coming days. The technicals also support higher…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook 2020 continues to usher in the unexpected, and this time it’s news that US President Donald Trump has been diagnosed with Covid-19 thus putting pressure on the legacy markets as uncertainty increases heading towards year-end, and we expected to see more downward pressure on…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Quite a way to start the month, and Q4, as bitcoin is selling off following news that the CFTC has charged the exchange with illegally operating a derivatives exchange and various AML (Anti-Money Laundering) violations, certainly not great for the crypto markets over the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a horrific US presidential debate last night and some volatility in the US equity markets over the past couple of days, bitcoin continues to tread water in the $10,700’s on improving technicals and what should be more favorable seasonality in the month of…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook A boring weekend of consolidation in the bitcoin markets was what the bulls needed heading into this week, and a rally in US equities and the precious metals markets have also helped the bulls to propel price above $10,900 over the past 12 hours,…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook No surprises in the bitcoin markets as we head into the weekend seeing as though price has stayed put in the $10,600 – $10,800 consolidation area as expected over the past 24 hours, and given the current technicals we still think that the near-term…