Blog — Market Analysis

Bitcoin remains just under 20k and is seeing small retracements of up to 15-20%. Much smaller than the 30-40% anticipated by many who have been studying previous bull runs. Is this the new trend or is a 30-40% pull back long overdue? Lots of pumpamentals and dumpamentals discussed, many gameplans laid out by youtubers and predictions given on where BTC may go if it doesn't break 20k.  Join us at our next Zoom meeting  coming Wednesday as we discuss this more in details. Overall: Fundamentally speaking, lots of corporate buyers like Micro strategy buying in more BTC as well as positive regulatory news including US OCC...

I follow a couple crypto YouTubers on a daily basis to know what's new in the crypto/Defi space. Here's a summary of videos of what they're saying regarding crypto:Crypto Kirby (Bearish. Expecting 30% drop): BTC just kissed ATH and now very volatile. just bounced off 18k (bought up same day) Healthy higher highs (If bulls can keep 18k, it's a good sign) If BTC sees savage correction, strong support at 11.5-13.8k Dropping to 13.8k is a 30% correction which is much due for 20k double top and psychological top Bearish divergence - Parabolic price, descending RSI and descending MACD DPO...

Bitcoin entered the weekend with the thanksgiving dump, the question out there is whether this 20% will become the much anticipated 30% dump or will it recover? Permabulls call this a black friday/cybermonday sale while others are preparing for a full on 30-40% pull back as history has shown. Only time will tell. Speaking of black Friday deals, hardware wallets are 40% off this weekend if you plan to work with over $2000 BTC. https://shop.ledger.com/?r=3ee8cc1d808f Happy Thanksgiving weekend ================================ Crypto Kirby (Bearish): DPO analysis shows that BTC could be dumping  4 hour moving averages crossed and will likely be another resistance ...

A great week for crypto.  Bitcoin is close to its all time highs of 2017 licking 19.5k before consolidating to 19.2k. Looking at the macro picture, we are seeing a lot of institutions and corporate players buying and holding bitcoin and rumors of a shortage of Bitcoin in the OTC space with a declining bitcoin balance on exchanges (sign of buying). It is also noted that retail buyers are not as excited at the moment (Google search still no where close to 2017 search highs). On the alts side, we saw a mini alt season with a number of alts seeing...