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Sometimes it seems one week in the world of crypto moves at the speed of three months in the traditional markets. If you recall, last week Cameron Winkelvoss called out Barry Silbert of Digital Currency Group (DCG) for potential solvency issues and potential co-mingling of assets between Digital Currency Group (DCG) and Grayscale Bitcoin Trust (GBTC). It would...

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I have always marveled about how projected price movements from TA oftentimes capture some unspoken truth not widely shared in the market – both good and bad news. In that vein, if you have not had a chance to read about everything happening between Tyler & Cameron Winklevoss the Gemini cofounders and Barry Silbert the CEO of the Digital Currency Group (and by...

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Happy hump day in the first week of this new year. It’s been a minute since I’ve last posted some TA, and it seems the itch has returned after putting trading aside for a bit to focus on other pieces and parts of life. I’m sure The Byrds touched on crypto degen season in their hit Turn! Turn! Turn! somewhere. With the Litecoin halving expected sometime in Q3 or...

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Happy Thursday. In the event you missed the news which appears to have been the catalyst for the large moves in the market yesterday, Coindesk reports the Office of the Comptroller of the Currency released guidance yesterday affirming the authority of Chartered National Banks in the United States to provide Cryptocurrency Custody Services for their customers in...

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Happy Saturday. The scope of the TA will be limited to the 15M Intraday Chart and the 1D Chart. With that, let’s get to the TA… Looking at the 15M Intraday Chart, the formation has completed Phase A of a Wyckoff Accumulation range, establishing the Intraday trade range between $234.25 and $230.00. The formation has moved into Phase B of a Wyckoff Accumulation,...

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Happy Thursday. Today the Technical Analysis will be confined to the 15 Minute Intraday chart. With that, let’s get to the TA… Looking at the 15M Intraday Chart, the formation printed a Major Sign of Weakness (MSOW) on a breakdown with conviction through the lower line of support at the $9,120.00 price handle to $9,020.00, before reversing direction and printing...

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Happy Sunday. The concept of money has always fascinated me. If you ever find yourself in the Colorado Springs area, be sure to check out the American Numismatic Association Money Museum . It is probably one of the most comprehensive histories of currency in the United States. Lately I’ve been somewhat sucked into a piece I’m writing about Blockchain and...

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Happy Wednesday. Sometimes it’s good to take a few days away from things for a minute. I hope everyone in Canada and the US had a good summer holiday season. Thankfully, Rocky Mountain National Park is close by. The recent moves by Bitcoin and the failure to fully exhaust cause on moves in either direction (accumulative or distributive) has been confusing to...

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Happy Wednesday. After some consideration, I’ve decided to initiate coverage on Ethereum in addition to normal coverage on Bitcoin. The scope of the TA will again be limited to the 15M Intraday Chart. With that, let’s get to the TA… Looking at the 15M Intraday Chart, after a period of consolidation within the resistance range ($227.75 - $222.25), Ethereum broke...

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Happy Wednesday. I mentioned yesterday the appearance of an Upward Thrust (UT) to the $9,180.00 price handle during what I assumed was a continuation of a Phase D Wyckoff Distribution threw a ton of red flags. After publishing my analysis Monday, I noticed the volume profile and PA did not line up with a Phase D Distribution, and the Selling Climax (SC) did not...

FOFAgent1 Updated 

The formation flipped from Distribution to Accumulation. I've covered my short position and I am looking for an entry to go long. More detailed write up later

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Happy Monday. Unreal what is happening with Wirecard and Crypto.com over the past two weeks or so. At one point I’d considered grabbing some MCO tokens and registering for their debit card, and in retrospect I’m happy I never made that move. Be careful out there in cryptoland. Today, the TA analysis will once again be confined to both the Intraday Charts (4H and...

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Happy Friday Bitcoin Options Market with approximately $1 Billion in Options expire today, so it should be a bumpy ride. Today, the TA analysis will be confined to both the Intradays (4H and 15M). With that, let’s get to the TA… Looking at the 15M Intraday Chart, the formation recently dropped beneath the key support line turned resistance at $9,240.00 and...

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Happy Thursday. Tomorrow appears to be a massive day in the Bitcoin Options Market with approximately $1 Billion in Options set to expire. Bitcoin Options Market Faces Record $1 Billion Expiry on Friday According to the article, there are 114,700 options contracts valued around $1 Billion USD across Deribit, CME, Bakkt, OKEx, LedgerX which are set to expire,...

FOFAgent1 Updated 

Happy Wednesday. It would appear my thoughts about the formation printing a bull trap were correct, and the recent drop signaled the conclusion of Phase C and entry into a Phase D Wyckoff Distribution pattern. Looking at the 15M Intraday Chart, it appears as though the Sign of Weakness (SOW) printed at the break of the Bearish Support Line on a Descending Triple...

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Happy Tuesday. The expected Upward Thrust (UT) in Phase C did appear, and it came with both the volume and PA one would expect for a bullish move up. The larger question is – does this mean the formation is bullish rather than distributive? Looking at the 15M Intraday Chart, it appears as though the formation had a bullish breakout with Move 1 taking the PA to...

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Happy Friday. With the current news about the young trader on Robinhood who committed suicide after racking up $700k in losses, be sure to never trade more than you are willing to lose, have a plan and stick to it. Trading and surfing have a lot in common – every wave is not the right set, so look for your set and let the others go. Plenty of great opportunity...

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Happy Thursday. Currently the formation has completed Phase B of a Wyckoff Distribution and is moving into Phase C of a Wyckoff Distribution – arguably the most volatile of all the Wyckoff Phases. I believe the PA appears to be headed lower in the near future for a number of key reasons: The formation has remained constrained beneath the trend line (on the 4H...