Crypto Snapshot

 
Examines intraday trends, notable events, and news that can impact the market
 

Ethereum Leads as the Crypto Market Bounces

November 30, 2021


After back-to-back weeks of the crypto market selling off, Ethereum has begun to turn around and has had a strong +17% recovery from Sunday lows. If you look back to this past week’s CryptoPulse Weekly report, you’ll remember that we recognized ETH as the first large-cap cryptocurrency to regain its 50-day Moving Average, a key support level. Bitcoin has also bounced from lows and recovered +8% so far since Sunday. In comparison to Ethereum, Bitcoin’s

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Cryptocurrencies Get a Healthy Reset

November 17, 2021


Pretty much everyone in crypto is hurting this week, with the overall Cryptocurrency market cap decreasing by over $300 billion since Sunday 11/14. The first domino to fall was Bitcoin (BTC) as the coin sold off 3% on Monday and then another 8% Tuesday, finally finding support at its 50-day moving average. However, this brief selloff may actually turn out to be a good thing! We can see that Bitcoin became overbought on November 8th,

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Don't Dig for Gold… Sell Shovels

November 7, 2021


The hot commodity around the world right now is cryptocurrencies, and it just so happens that they aren't all too different from classic commodities. Bitcoin is often compared to gold because of its use as a store-of-value and the currency's deflationary nature. Another big similarity between Bitcoin and Gold is that they both get more difficult to mine the longer time goes on, as there is not an infinite supply of either resource. As modern

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Weekly Update

Review of the previous 7 days' activity through examining technical analysis and major news events, and a forecast for the coming week in the market

Whale’s Bully the Market

December 5, 2021


With roughly 2 hours left before the universal weekly close of the crypto market Bitcoin (BTC) is sitting right around $49,000, well below the $57,300 level needed to close green on the week.  This will be the first time that Bitcoin has had 3 consecutive red weekly closes since the coin was trading below $10,000 in June of 2020. Global news such as supply chain issues, inflation and the spread of the new Omicron variant

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A Hopeful Outlook for the Week, Minus one Familiar Coin

November 28, 2021


Yet another rough week for the cryptocurrency market, down over 7% on the week. Many are saying that this negative price action is a result of global economic stress, but things still seem to be looking up for crypto… at least for now. As of Sunday evening, Bitcoin (BTC) seems to have made a little bounce back above $57,000 after sitting near support at $53,750 almost all week. To add to the positive bounce to

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Bitcoin's Bumpy Road To $80,000

November 22, 2021


Volatility has re-emerged in the cryptocurrency market, with a roughly 15% marketwide drawdown to start the week, and then a strong recovery through the weekend. If you were watching Bitcoin (BTC) and Ethereum (ETH) you may have noticed that they tumbled below key supports at $60,000 and $4,000 respectively. These psychological levels had to be reached by bears in order to flush leverage out of the market during a large options expiry day this Friday.

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Special Reports

Learn something new about the emerging cryptocurrency/blockchain space with exciting and lesser-discussed topics being explored each week

Using RealMotion Indicator to Identify Cryptocurrency Reversals

July 30, 2021


It has been one hell of a week for the cryptocurrency market. Sentiment has quickly changed from 50/50 bullish vs. bearish to almost fully bullish in just the last 10 days, and this is indicative of the significance that non-technical factors can have in the price action of cryptos. On the other hand, technical analysis of recent market action spells out clear trade opportunities that investor sentiment may ignore. Similarly to the S&P 500 (SPY)

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