Chart Analysis

Crypto Charts 106

Bitcoin Short Term Chart Last time we were looking for a break higher and believed: ‘A break above $30k will see short covering on the futures and should see an acceleration towards $35k level’ We traded to $30'998 before selling off over the last 2 weeks. I have

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Crypto Charts 105

Bitcoin Last time we were looking for a triangle correction to complete b with momentum dropping it allows for greater acceleration to the topside once finished in a wave (iii) of 3 which is often the strongest leg of a trend. Look to buy now at $26'350 and

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Crypto Charts 104

Bitcoin Last time we said: Given the divergence in the MACD we are on alert for a sell off. If this is the case then look to buy at $24'200 and $22'900 stops at $19'500. The next target to the topside is $32'

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Crypto Charts 103

Bitcoin Last time we said: we are now looking for major wave (iii) to rally in 5 waves. With initial targets above 27k. Given the break out of the channel we will call; wave (ii) in place we can raise stops to last weeks lows We traded much higher in

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The Digital Assets Report 109

Summary * SVB the 16th largest US bank, is the most important bank failure since 2008 financial crisis. * In the wake of SVB, Signature and Silvergate banks, the 2 largest banks operating as the "backbone" of the crypto industry in US went to bankruptcy also. * Stablecoin USDC has de-pegged

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Crypto Charts 102

Bitcoin Last time we said: We are now correcting in wave (ii) that might take us below last weeks stop levels. I would lower stop loss levels to below $18'900 and look to add to longs at $21'415, $20'283 and $19'200. Once

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The Digital Assets Report 108

Summary * Silvergate bank in the turmoil : $8.1 billion Capital outflow (60% of AuM) only in Q1, terrible results of $1 billion loss. The bank has delayed its annual report to repay debts this year and was evaluating the impact of these events on “its ability to continue as a

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Crypto Charts 101

Bitcoin Last time we were looking for a correction before higher. As you can see from the chart we dropped out of the channel and further than expectations. We said last time: Look to buy at the $22'900 and add at the $22'300. Place stops for

The Digital Assets Report 107

Summary * Hong Kong's government successfully issued its first tokenized green bond of 800 million Hong Kong dollars (US$101 million), according to an announcement last Thursday. * Siemens emitted €40 million Blockchain-based bond on Polygon Blockchain. * Terra founder Do Kwon charged with fraud by SEC. According to the SEC’

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Crypto Charts 100

Bitcoin Breaking to new yearly highs last week confirms that wave (v) is underway and we remain bullish for BTC in the coming weeks. It appears that a wave ii correction is underway and if it takes the form of a zig-zag look to buy at the $22'900

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The Digital Assets Report 106

Summary * S.E.C.'s decision to charge the crypto exchange Kraken with securities violations regarding its staking services. Funds were not directly staked to the dedicated Blockchain but instead managed by Kraken pool to avoid unstaking period. SEC considers the staking service close to lending activities. To settle

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Crypto Charts 99

Bitcoin Last time we said: Whilst below $24'255, the wave (i) high, we are looking for lower in 3 waves. This will provide us the opportunity to buy. Retracement buy levels come in at $22'160, $20'880 and $19'850. Add to longs at

The Digital Assets Report 105

Summary * A virulent debate is animating the Bitcoin community, the Ordinals NFT project Bitcoin-based has filled up an entire block to mine one NFT approximatively 4 Mb, for 209$ fees including 63 transactions. Some Bitcoin developers wants to limit the use of the Bitcoin Blockchain by implementing a patch. * Alameda

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Crypto Charts 98

Bitcoin Last time we said for a push towards the $25'900 but noted that: ‘divergence in the MACD, the downwards sloping green arrow, adds weight to a larger correction lower is imminent so look to reduce longs at the target level and look to rebuy on the subsequent

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The Digital Assets Report 104

Summary * Goldman Sachs ranks Bitcoin as the best-performing asset of 2023. * Several of America’s biggest banks, including the likes of Bank of America and JPMorgan Chase, are joining forces to launch their own digital payment wallet. * New York Regulator Investigating Crypto Exchange Gemini reportedly claimed repeatedly that its the

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Crypto Charts 97

Bitcoin Last time we said: ‘Looking for another push higher above $23'300 to complete 5 waves up’ We broke to a high of $23'800 before trading sideways, to complete what I believe is the wave (iv) triangle correction. We should now see a push towards the

The Digital Assets 103

Summary * Genesis, owned by Barry Silbert’s Digital Currency Group (DCG), filed for bankruptcy protection last Thursday listing debts of around $3.5 billion. Gemini's founders, the Winklevoss brothers threatens to sue DCG. * DOJ charges founder of crypto exchange Bitzlato for processing $700M of illegal funds after a

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Crypto Charts 96

Bitcoin Last time we said: ‘so look to remain or get long on a correction to the $18'900-$19'200 level’ Looking for another push higher above $23'300 to complete 5 waves up. Looking at the MACD we can see clear divergence that hints that

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The Digital Assets Report 102

Summary * BTC price surged 26% to trade above $21,000 for the first time since FTX collapsed.  The long-term sentiment has turned bullish with bitcoin showing its biggest weekly percentage gain since January 2022. Options Flip to Show Stronger Bitcoin Into July. * Bitcoin network’s difficulty is now at an

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Crypto Charts 95

Bitcoin The break of $18'400 has put the bullish long term view back into play and we are now looking in the long term for cryptos in the longer term to start the wave 5 higher in the coming months to new highs. The break above the $18&

The Digital Assets Report 101

Summary * Silvergate Bank forced to cover $8bn worth of crypto-related withdrawals during FTX & Genesis debacle. The US bank was forced to sell $5.2 billion worth of assets for cash and booked a loss of $718m on those sales. * Bitcoin core developer Luke Dashjr has been hacked and lost

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Crypto Charts 94

Bitcoin Not much change since last time ‘if not short already look to sell in the next leg of the corrections in the 17238/17668 . Place stops above the December high at 18400. Until that level breaks we remain on alert for new lows to complete last years brutal correction

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Crypto Charts 93

Happy New Year everybody ! Bitcoin Last time we said: The break out and close below the uptrend channel adds weight to the argument that the correction is over. Look to sell retracement into the $16'975 / $17'450 area with stops above last weeks highs for an acceleration

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The Digital Assets Report 100

Summary * Digital Assets exchange Bitvavo can’t access €280 million euros on Genesis Global Capital (subsidiary of Digital Currency Group). * Genesis claims are selling for 35p to the Dollar, reminds FTX before bankruptcy.  Genesis Capital suspended withdrawals last month following a $1.2 billion loss to defunct crypto fund Three

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Crypto Charts 92

Bitcoin Last time we said: ‘If the bearish view is valid then a correction in 3 waves is close to completing with a possible push to $17'530 which would test the top of the channel as well as the 161.8% retracement level. Given the divergence in the