Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With stocks down on continued fears of Fed tightening it’s nice to see bitcoin stabilizing in the mid-$30k’s, likely due in part to Russian President Vladamir Putin saying that he is open to establishing bitcoin mining operations in the country, although there are still…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Considering it’s a very slow week in terms of newsflow and there are still very mixed technicals overall, it comes as no surprise that price continues to tread water in the low-$40k’s as expected with bouts of downside volatility that we have been calling…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While it’s nice to see BTC rally a bit while US equities sell-off going into the weekend, a much-needed break from a high correlation between these two markets recently, we’re still not getting too bullish (or bearish) over the coming days due to the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With US equities cratering, bond yields rising, and the dollar index higher it comes as no surprise that BTC hit new regional lows below $40k earlier today. While this move was relatively short-lived and we’ve since seen a bounce back to $41k, continued fears…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The crypto markets remain under pressure to end this first workweek of 2022 due to deteriorating technicals, bearish price action, and persistent worries regarding Fed rate hikes, and for now it looks like this downward trend will continue over the shorter-term. While it’s difficult…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With only days left until the end of 2021 investors continue to sell BTC and other digital assets into strength thus keeping the ~$45k – $52k trading range intact that has been in play since the beginning of the month. While this action remains…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Choppy consolidation remains the name of the game as this holiday week progresses which comes as no surprise given practically nonexistent newsflow, still uncertain technicals, and deteriorating market conditions (liquidity & volume), all of which should also help to keep the market from straying…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we head into the final weekend before the holidays it comes as no surprise that bitcoin and most other major crypto assets are still treading water inside ranges that have been intact for more than two weeks now given our forecasts since the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a nice weekly open above $50k yesterday, macro headwinds such as weak US equities, a strong US dollar, as well as continued fears of Omicron and rate hikes, are putting selling pressure back on the crypto markets today as risk comes out of…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The crypto markets are finally recovering from the massacre last weekend that pushed price down to the $42k area on low liquidity and massive liquidations, which is in line with our forecasts from the past few days, although we’re now approaching the $52k –…