What the Future holds November 23, 2020 Expiration this Friday Given the close proximity to an all time high, the temptation to look for higher levels is all too appealing. However, given the looming derivatives expiries at the end of this week on Friday may mean that some of the capital may look for opportunities elsewhere. At the time of writing the [...]
Pushing the Gas November 20, 2020 New Record? The market showed a lot of resilience and dip buying interest to shake off any immediate questions about the sustainability of the recent upside. So much that Bitcoin moved above the $18,000 level and remains on track to retest the highs from earlier on in the week. In addition, the demand for risk [...]
And Breathe… November 19, 2020 Plenty for Everyone Bitcoin traded a touch softer, although there was also plenty of dip buying interest. In the early European trade, Bitcoin was trading in the mid-$17,000 area. The growth in the open interest (OI) has abated somewhat, where stablecoin margined venues have gained market share relative to Bitcoin margined venues. That being said, [...]
Relentless November 18, 2020 Surging Higher Bitcoin continued its relentless surge higher and after breaching the $18,000 level, the upside temporarily stalled at $18,500, but the dip buying interest was so strong that the dip into the low $17,000 was brought-up without any hesitation. The path towards an all time high is very much in sight. Similarly, Ethereum also [...]
Watch it grow November 17, 2020 Beating Congestion Bitcoin continued to edge higher, making steady progress through the congestion area between $16,100-17,150. The risk on sentiment shows no sign of abating and the trend higher is therefore expected to remain in place. With that in mind, the aggregate open interest (OI) rose yet again to a new record high and continuing [...]
Staying and Beyond November 16, 2020 Softer Touch Bitcoin traded a touch softer over the weekend but well within the recent highs and the price action early doors Monday pointed to another attempt to test higher levels. Similarly, Ethereum also dipped over the weekend just ahead of the key $500 mark, with the $477 zone showing some resistance. As noted recently, [...]
To the Moon November 13, 2020 Edging Higher The market continued to edge higher, with Bitcoin attempting to make its way through the congestion area between $16,000, $17,000- $17,150 zone based on 2017/18. Ultimately, the markets are looking to test all-time highs; so much so that resistance before that looks almost futile based on the current risk on sentiment. However, it [...]
Pushing the Heights November 12, 2020 Upward Trajectory The reports that the Ethereum blockchain network suffered issues Wednesday morning, with knock-on effects at related service providers, were timely brushed off by market participants and the bullish camp regained upside momentum yet again. Bitcoin made another push towards the $16000 level as the total aggregate open interest (OI) hit another record high. [...]
Small Caps: Resurrection November 11, 2020 Volatility resurgence? Despite the recent shift in focus on the positive news relating to Pfizer’s Covid-19 vaccine, macro driven volatility may yet resurface. The latest reports indicate that US President Donald Trump’s campaign on Monday filed a lawsuit in a Pennsylvania federal court, seeking to block state officials from certifying President-elect Joe Biden’s victory in [...]
Whipsaw Markets November 10, 2020 Macro Matters A strong wave of risk-on flow emerged yesterday following reports that Pfizer’s COVID vaccine candidate prevented 90% of infections in the latest study. As a result, the equities market surged higher, with the German DAX index trading up over 5% and US markets moving nearly as high at the open, while gold fell [...]
