Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a tug-of-war between the bulls and bears over the past few days with the bulls eking out slight gains above $48k heading into this week, so it appears as though the bulls still have a slight advantage for the time being. Having…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With little in the way of news heading into another sleepy summer weekend, in addition to still fairly benign near-term technicals, it comes as no surprise that the bitcoin markets are relatively flat compared to where they were a few days ago during our…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook After continuing to rally up to and above our $45k target yesterday, the bitcoin market has been slowly bleeding to the downside recently as profit-taking begins to take hold. We also have a resolution on the US Infrastructure bill that caused so much controversy…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been another surprisingly strong 24 hours for the bitcoin market as heavy technicals late yesterday were only able to push price back down to the low-$37k’s where we saw a swing failure pattern and a bullish reversal candle that has propelled price convincingly…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following an almost perfect touch of resistance just above our $42k target last weekend, price has been expectedly grinding to the downside since then to find short-term support, which appears to be materializing around the $38k level for the time being. While there is…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow news day heading into a sleepy summer weekend it comes as a bit of a surprise that the BTC market is holding up as well as it is considering the pace and magnitude of the rally that materialized early in the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook What a surprisingly good start to the week it’s been following a positive weekend as well, quite contrary to our expectations for weakness late last week, although the action fits perfectly with our medium to long-term view that price is bottoming and is forming…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On the back of some good news over the past few days, including positive comments from Elon Musk and Jack Dorsey, the BTC market has remained fairly strong with price getting close to the $33k region that we discussed during the CMU video on…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With the legacy markets under pressure coming into this mid-July week, it comes as no surprise that bitcoin and the crypto markets are heavy as well despite news that Jack Dorsey, Elon Musk, and Cathie Wood will be having a discussion at the “B”…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With BTC prices continuing to consolidate in the low-$30k’s while the summer doldrums remain in full effect it’s not helping matters that newsflow is still slow and mixed heading into the low liquidity weekend, all of which will likely keep the current regime of…