Crypto Snapshot

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

Crypto Chaos

November 10, 2022


If you haven’t already heard, the cryptocurrency industry is in distress once again with what one could only call another black swan event. The second largest exchange in the world, FTX has imploded seemingly overnight and is tanking the rest of the market with it. The total cryptocurrency market cap is down over $220B (-22.5%) so far this week and there does not appear to be any kind of relief coming in the immediate future.

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New Stocks Added to the Stock Sectors Radar

September 13, 2022


Even with a tough year so far for almost all risk assets, the cryptocurrency, blockchain, and Web3 industries continue to grow behind the scenes. It seems now that big names from nearly every imaginable sector have made the news due to their forays into these emerging industries. We monitor the newswire to stay on top of significant developments in the digital assets space and have developed our Stock Sectors Radar to continuously track some of

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The Crypto ‘Algorand’ Is About To Become a Household Name?

May 5, 2022


If you’ve ever watched the World Cup then you’re probably familiar with FIFA, the world governing body of Soccer. FIFA is also well known for being the long-time namesake of the globally popular FIFA video games from EA Sports. Yesterday, FIFA announced a new partnership with Algorand (ALGO) in which the blockchain will serve as a ‘regional supporter’ for the North American and European regions in the upcoming Qatar 2022 World Cup this November.  ALGO

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Crypto Opportunities Aris Heading into the Weekend

April 21, 2022


Bitcoin (BTC) is still holding up around $41,500 for the time being, but a new trade opportunity appears to be presenting itself for anyone looking for a crypto market entry. Bitcoin is dabbling with a close at or above its 50-day moving average (MA) which is currently at $42,069. As both price and momentum improve according to the long-term 50/200 Real Motion indicator, we’ll expect BTC to keep trading like a sine wave within its

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Tons of Good News Despite Regressive Crypto Price Action

April 8, 2022


It has been a slightly bizarre week for the cryptocurrency market so far… with the only large-cap cryptocurrency that is positive on a rolling 7-day period being Dogecoin (DOGE) thanks to speculation about Elon Musk possibly looking to incorporate DOGE functionality for ecommerce on Twitter. Anyone watching Bitcoin (BTC) knew going into this week that the coin needed to hold above $45,000 support or risk selling off to lower support, and that is exactly what

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Altcoins Look Primed to Outperform Bitcoin

March 18, 2022


We have been specifically focusing on Bitcoin and macroeconomic trends in the crypto market for the past month or so, but now it looks like it may be time to start focusing on the altcoin market again. 2022 has seen a high degree of correlation between ETH and BTC price action, and we don’t see any reason why this relationship will diverge anytime soon. Both coin’s have recently reclaimed their 50-day moving averages, another very

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Biden’s Crypto Executive Order is the Greenlight for Institutional Capital

March 12, 2022


We found out at the beginning of the week that President Biden was planning to sign an executive order regarding regulating cryptocurrencies in the US, but nobody was sure of what the order would actually set out to accomplish. Fortunately, we found out on Wednesday that this bill will actually do nothing other than set the objectives of consumer protection and encourage healthy innovation in the blockchain industry. Rather than signing any immediate regulations over

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Russian Invasion Catalyzes Flight to Crypto

March 3, 2022


Leading up to this week we had already gotten to see some of the consequences of Western sanctions on Russia, but we were not expecting such a rapid de-coupling from crypto’s correlation to US Equities. Monday was a statement day for Bitcoin (BTC) +14.5% and the rest of the cryptocurrency market, with the overall crypto market cap increasing by $200 billion between February 28 and March 1. The most obvious narrative in global media regarding

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AVAX Leading Mid-Week while Large Caps Take a Quick Breather

February 16, 2022


Most of the cryptocurrency market players are continuing to use caution when it comes to entering positions in more speculative altcoins, especially as we still sit at a significant inflection point in our key market benchmarks. Both Bitcoin (BTC) and Ethereum (ETH) are being watched for the potential to complete nearly identical inverse head and shoulder patterns. Although both of our crypto market benchmarks are showing the same pattern, there are a few slight differences

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Using RealMotion Indicator to Identify a Bullish Divergence

February 10, 2022


To start today’s report, we will discuss two potential discretionary trading opportunities that we identified using our Crypto Sectors Radar in combination with our Real Motion indicator. These are symbols that you can easily trade on any equities trading platform, And since they are stocks that have exposure to crypto/blockchain and not actual cryptocurrencies, they give you exposure to the crypto space without having to trade the coins / currencies. As you’ll read, the Crypto

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What’s the Safer Bet: Altcoins or Bitcoin Maximalism?

February 3, 2022


For the first time in what seems like a long time, Bitcoin seems to be the center of attention within crypto. Lately, we’ve seen even more institutional and governmental establishments around the world proclaim their support for the world's largest cryptocurrency by either investing in the asset or offering services revolving around Bitcoin: Fidelity representatives would also announce this week that they have been mining and accumulating Bitcoin since 2014. It is no surprise that

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Names to Watch in a Potential Crypto Market Recovery

January 26, 2022


Whether you’re trading equities or cryptocurrencies, the beginning of 2022 has been rough for everyone. Bitcoin (BTC) tumbled as far as -50% from its $69,000 all-time high, while Ethereum (ETH) fell over 55% from its own highs. Retail traders are still waiting patiently for further clarity on the global inflation situation, as well as how the Russia-Ukraine fiasco will continue to impact global markets. Meanwhile, this selloff has created the perfect opportunity for large institutions

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9 Stocks Added to CryptoPulse Sectors Radar

January 22, 2022


For those of you that have already been using our proprietary CryptoPulse Sectors Radar, you’re already aware of countless opportunities to get exposure to the booming crypto/blockchain industry without having to buy actual cryptocurrencies.  Today we’ve added 9 new stock tickers to our radar for you to check out and potentially consider for your own discretionary trading! Here’s what we’ve added: Accenture (ACN) [Emerging Blockchain Tech] - A leader in the blockchain services space, Accenture

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RealMotion Indicator: Solana’s Bottom Is In

January 15, 2022


Bitcoin (BTC) and Ethereum (ETH) continue to comprise a combined 59% dominance of the total cryptocurrency market cap, but there may be another name ready to join the two existing cryptocurrency staples very soon. Solana (SOL) is the #4 non-stablecoin by market cap and has seen a 266% increase in its market cap dominance from the beginning of Q4 2021 to the present. It now holds 2.28% of the total cryptocurrency market cap. We have

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Layer-1’s Remain Hot to Start 2022

January 4, 2022


We’ve discussed several of the hottest layer-1 decentralized finance coins other than Ethereum in our recent commentary, and today we will be discussing two more that you may not be familiar with just yet. Right now it looks as though Layer-1’s are the strongest sector/aspect of the cryptocurrency market. With Web3 being the clear global crypto/blockchain initiative for 2022, the emergence of Layer-1 cryptocurrencies is not at all surprising. It is extremely unlikely that we

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Layer-1’s Remain Hot to Start 2022

January 4, 2022


We’ve discussed several of the hottest layer-1 decentralized finance coins other than Ethereum in our recent commentary, and in our recent monthly member training. Today we will be discussing two more that you may not be familiar with just yet. Right now it looks as though Layer-1’s are the strongest sector/aspect of the cryptocurrency market. With Web3 being the clear global crypto/blockchain initiative for 2022, the emergence of Layer-1 cryptocurrencies is not at all surprising.

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Crypto Drops as Big Institutions Prepare for 2022

December 30, 2021


December has been far less climactic for the crypto market than we were all expecting, with Bitcoin selling down below the $50k level to start the month and maintaining a trading range with $45,500 support and $52,000 resistance. With reports of increasing inflows to global crypto exchanges like Binance for the month of December, we would usually be concerned that this is an indication of institutions preparing to liquidate their positions by moving their coins

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Terra (LUNA) Jumps to #10 by Market Cap, Here’s Why

December 9, 2021


Despite the extended crypto selloff from the past few weeks, it looks like the market has finally settled down. Bitcoin (BTC) has been underperforming nearly all other large-cap Defi coins since the end of November, with Terra (WLUNA on Coinbase) taking the lead on a relative basis since late November. So what is Terra and why has it been drastically outperforming every other large-cap since the start of Q4? Let’s get into it. First things

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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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DeFi Coins Mount a Comeback

October 14, 2021


Bitcoin (BTC) led the pack on a strong recovery back to $57,000, but now it's Ethereum’s (ETH) turn. Ethereum is the second largest cryptocurrency with an 18.6% market cap dominance that makes it a solid benchmark for the Decentralized Finance (DeFi) sector of the cryptocurrency market. Typically when Ethereum runs hot, other large cap cryptocurrencies follow suit… but why? Well, Ethereum is an extremely popular and objectively oversaturated blockchain network, as countless projects and decentralized

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Altcoins Lose Pace

October 11, 2021


Bitcoin (BTC) has been a machine, starting October at $43,300 and currently sitting just below $57,000 (a 31.5% increase over 11 days). Bitcoin’s dominance of the overall cryptocurrency market cap has steadily increased this month as well, a clear indication of altcoins struggling to keep up. Bitcoin’s market cap dominance has grown 4% since October 1st, while the #2 crypto by market cap Ethereum (ETH) has seen a 1% decrease. You can clearly see the

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High Q4 Expectations for Bitcoin

October 1, 2021


The first few days of October are already looking reminiscent of last October for Bitcoin (BTC) and the cryptocurrency market. BTC is currently up more than 12% over the past 7 trading days and has regained the support of its 50-day Moving Average (DMA). As of writing this, Bitcoin has already beaten the $49,000 level, with the major psychological resistance level at $50,000 as the next bull target. After $50k is beaten, then $60k as

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China Can’t Stop Decentralized Finance

September 27, 2021


The big crypto news last week was that for the 3rd time this year China has declared a ban against the cryptocurrency industry. This most recent declaration directly targeted foreign exchanges, and explicitly stated that Chinese citizens are not allowed to be served even by cryptocurrency exchanges operating outside of China. The crypto market did in fact take a hit after the China crypto ban on Friday, with Bitcoin (BTC) closing down 4.56% on the

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BTC Bounce from Oversold

September 23, 2021


After a tumultuous start to the week for the cryptocurrency market, it appears that a recovery from recent lows may be imminent. With a 2.4% increase today, the overall cryptocurrency market cap has regained the $2 trillion mark. Bitcoin (BTC) continues to hold roughly 42% dominance of the cryptocurrency market, with the next largest project being Ethereum (ETH) at 18.5%. These two instruments are used across the industry as the benchmarks for the market and

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Crypto Took a Tumble

September 20, 2021


It’s been a rocky start to the week for the cryptocurrency market, with the overall market cap dropping by 8.82% over the past 24-hours. Today’s drop marks the first full day with an overall market cap below $2 Trillion in over a month. Often compared to Gold because of its use-case as a store-of-value, Bitcoin (BTC) and the crypto market as a whole failed to stand up as an inverse asset to the stock market

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Bitcoin in Bullish Mode

September 15, 2021


It’s time to start getting excited about your cryptocurrency investments, especially if you hold Bitcoin (BTC). The top cryptocurrency by market cap (41.4% dominance of total market cap) has achieved a golden cross, seeing BTC’s 50-Day Moving Average (DMA) cross above the 200-DMA. The last time Bitcoin changed from Bullish to Bearish was May 20th, 2020. You would have bought 1 BTC for less than $10,000 at this point, so this current macro trend change

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Walmart to Accept Litecoin (LTC)?

September 13, 2021


We’ve all heard of Bitcoin (BTC), but what about its younger brother Litecoin (LTC)? Litecoin was created to be a quicker version of Bitcoin to deploy for everyday spending, without the slow transaction speeds and high fees associated with BTC.  LTC has had a slow comeback compared to other large-cap cryptocurrencies since the May 2021 crypto crash but saw a major pulse of life this morning after news broke that Walmart would begin accepting the

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What Caused the Crypto Flash-Crash?

September 8, 2021


Yesterday was pretty hectic for the crypto market but now that the smoke has started to clear we can look to understand what caused the entire space to suddenly crash over 20%. The news on El Salvador’s adoption of BTC as a national currency garnered a lot of attention yesterday, causing it to be proclaimed by many as the catalyst for the crash. However, this is not the case and if anything was more of

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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

That Was Ugly but Crypto Will be Okay

November 16, 2022


The past week has been tragic for the cryptocurrency market with the collapse of FTX creating a contagion of fear and distrust in the rest of the industry. The entire situation regarding Sam Bankman-Fried and any others involved will take months if not years before users get any kind of clarity on what happened to their funds and if they will ever get them back. FTX looks to have been the definition of a bad

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Miners, Altcoins, and the World Cup

November 8, 2022


Cryptocurrencies are holding up well so far on bullish news after breaking out above key moving averages the past 2 weeks. This continues to mark a steady outperformance of crypto over stocks for the past several weeks. Bitcoin remained above $20,000 for most of the past week even after failing to clear $21,000 on its first attempt. Bitcoin is currently around $20,700 again, and Ethereum looks similar to BTC forming a flagging pattern, but while

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Crypto Keeps Compressing

October 14, 2022


October has been fairly boring for cryptocurrency prices so far, which has actually been a good thing. While volatility continues to increase amongst other risk assets amidst growing global economic stress, the cryptocurrency market has been flat. Bitcoin is down about -1.5% and Ethereum -2.7% since the beginning of October, nearly identical performances to the S&P 500 and Nasdaq composite. We’ve been seeing some point a finger at the weakness in several global currencies as

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Is the Crypto Market about to Break Out?

October 7, 2022


After a strong start to the week Bitcoin is now teetering on several significant inflection points, even with down days on Wednesday and Thursday. On a weekly timeframe we’re anticipating a potential breakout before the weekly close this Sunday night that has the potential to wipe out the negative trend that has been intact since Bitcoin’s all-time high in November 2021. One encouraging sign for BTC going towards the end of the week is that

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Bitcoin’s Approaching a Fork in the Road

September 29, 2022


Stocks continued to breakdown further to start this week and have actually been underperforming relative to the cryptocurrency market. Both the S&P 500 and Bitcoin did close at new multi-year lows in the past 10 days, but while stocks have been continuing to make lower lows this week, we’ve actually seen most of the crypto market holding up and even some streaky altcoin breakouts. Sentiment indicators such as the McClellan Oscillator hit all time lows

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FOMC Hits Crypto with Another Bad Hump-Day

September 21, 2022


Last Wednesday we were all graced with a rapid selloff in the wake of the Ethereum Merge being completed, with the whole crypto market tanking about 10% before continuing to trickle down as the week went on. This week we all knew that the big event would be today’s FOMC in which it was a gamble between a 75 or even 100 bps rate hike. Most experts anticipated that 100 bps would have been devastating

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The Ethereum Merge is Less Than a Week Away

September 7, 2022


Despite a choppy September so far for both stocks and cryptocurrencies, ETH has steadily gained about 4.5% since the beginning of the month. Ethereum and Polygon (MATIC) are the only two coins in our list that have positive TSI’s, indicating that the overall trend strength of the broader crypto market is weak. The reason we’re seeing these two coins still maintaining positive trend strength is that Ethereum will finally transition to Proof-of-Stake in the coming

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Crypto Markets Look Shakey as August Comes to an End

August 31, 2022


August is coming to an end and we’re coming up on the worst month of the year for both the Stock and Cryptocurrency markets. Unfortunately, macro conditions aren’t getting any better for the market so things are still looking pretty bleak for the foreseeable future at least when it comes to crypto. Prices have been volatile as of late, especially as the most significant cryptocurrencies continue to give up important support levels. Bitcoin is below

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You May Not Want to Touch Crypto This September

August 24, 2022


We’re probably all familiar with the common saying ‘Sell in May and Go Away’ which refers to the period from May to October when global equities markets typically slump. Typically, this seasonal effect makes its biggest impact in September, which is historically the worst month of the calendar year for both Stocks as well as Cryptocurrencies now too! It's not at all surprising to see a similar calendar effect taking place in cryptocurrency markets, especially

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The Bear Market Rally is Slowing But the Crypto Industry Isn’t Going Anywhere

August 17, 2022


As exciting as equity markets have been for the past 2 months, it is starting to seem like this bear market rally may end soon. Prices have slumped across the cryptocurrency market to start the week, but not enough to really scare anyone just yet. Stocks also look to be digesting recent gains and are reeling at overbought levels, while the S&P 500 and Russell 2000 are rolling over after hitting major resistance at their

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Cryptocurrency Markets are Getting a Major Cash Injection

August 10, 2022


This past week, the big news in the cryptocurrency market was the partnership between BlackRock (BLK) and Coinbase (COIN), which will see Coinbase serve as the $10 trillion asset manager’s main cryptocurrency trading platform. This is obviously a huge development for not just Coinbase, but also the global cryptocurrency market thanks to BlackRock’s size, reach, and legitimacy as an established financial institution. The most comparable recent event was Fidelity's choice to allow crypto investing for

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Altcoins Continue to Outperform, But Did Markets Really Bottom?

August 3, 2022


The past month of market activity has rewarded diligent traders, with crypto traders outperforming the stock market thanks to the inherent volatility of digital currencies. Of course, the rally in cryptocurrencies has been riding the wave created by the Nasdaq QQQ, which has been steadily outperforming other major stock indices since early July. As the more speculative QQQ has rallied as much as 18% from its June 16th low, Ethereum and other more speculative cryptocurrencies

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Altcoins Lead a Crypto Rally but Bitcoin Isn’t Far Behind

July 19, 2022


The last few weeks have given us quite the countertrend in the cryptocurrency market, and plenty of trading opportunities to go with it. Interestingly, the more speculative Layer 2 coins were some of the first ones to break out, with Polygon (MATIC) leading the charge after a clean break above the 50-day moving average on July 7th. In the same move, MATIC also closed above its long-term downtrend that had been intact since the coin’s

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Crypto Rolls Over in Anticipation of New CPI Print

July 12, 2022


We’ve seen an uptick in demand for more speculative cryptocurrencies recently, which is clearly thanks to the short-term countertrend in the Nasdaq 100 index. The brief break above the downtrend in QQQ starting at the beginning of April showed traders that there was a spike in demand for Growth/Tech related plays, while the S&P500 did not make the same move over its own downtrend. This showed us that although both SPY and QQQ are in

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Has Speculative Demand Re-Entered the Crypto Market?

July 6, 2022


While we’re all waiting and hoping for a significant market-wide bounce from oversold levels, Ethereum is working on its own comeback relative to Bitcoin. As markets have gotten beat up since the crypto market’s peak, we have observed capital favoring Bitcoin and stablecoins as safe havens from further downside volatility, while more speculative altcoins like Ethereum have been sold. The long 4th of July weekend saw the crypto market mount a bit of a rally

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Altcoins Outpace Bitcoin and Ethereum for the Short-Term

June 29, 2022


As we approach the end of June and the beginning of Q3, Bitcoin remains in a rather vulnerable spot. Bitcoin is currently at risk of closing below its 50-month moving average for the first time ever, unless price can rally to around $21,350 by the monthly close. On a weekly timeframe things aren’t looking a whole lot better for Bitcoin, as it is likely to close with 3 or more consecutive weekly candles below the

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Don’t Be Fooled, Tuesday’s Crypto Rally Will be Short-Lived

June 21, 2022


If you weren’t paying attention to the cryptocurrency market over the weekend, you would likely have been happy to see Bitcoin’s price about 2.25% higher when stocks opened on Tuesday relative to where BTC was at the close last Friday. However, while stocks weren’t trading over the weekend Bitcoin managed to break down and put in a new 2022 low just above $17,500. At the time of writing, Bitcoin has already rallied over 20% from

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Bitcoin Hasn’t Bottomed, But it Could Soon

June 14, 2022


Last Friday gave us a horrendous 8.6% year-over-year CPI, crushing equities and sending the cryptocurrency market into the weekend with a nasty downward trajectory. Bitcoin closed last Friday -3.4% at $29,060, which didn’t seem all too bad all things considered, especially when compared to the indices (SPY -2.9% & QQQ -2.7%). Saturday showed us that cryptocurrencies had plenty more selling to do, with the most obvious indication being a close at $28,387 which was below

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Old Altcoins are Making Headlines Again, Should You be Buying?

June 7, 2022


After several months of selling, crypto traders are hungry for the opportunity to start trading again. The pandemic essentially funneled capital into cryptocurrencies and provided a gamified trading environment. Every new bit of stimulus pumped prices even higher, while governmental crackdowns (ie China Bans) forced a retest of support levels. Elon Musk managed to make Dogecoin (DOGE) a top 10 coin by market cap just by tweeting about it. Every day, the news created a

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Bitcoin Reclaims its Market Cap Dominance with a Vengeance

May 31, 2022


Cryptocurrencies had a strong weekend in which Bitcoin (BTC) managed to breakout of its consolidation range and take out the $31,300 resistance level. Bitcoin is up about +11% since last Friday’s close, with Ethereum (ETH) up about +15.7%. Although altcoin’s led by ETH have outperformed Bitcoin’s price action on a relative basis, there are further metrics that support the idea that Bitcoin is leading the current rally. In fact, Bitcoin has been rapidly outperforming the

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Bitcoin Stays Rangebound but Underlying Momentum is Improving

May 25, 2022


Thanks to a rally before the close for stocks last Friday, the cryptocurrency market went into the weekend with a positive enough of a sentiment to sustain Bitcoin above $29,000. Unsurprisingly, we got a relatively unexciting weekend as the price of BTC is clearly just consolidating in a tight range between $29,000 and $31,000. The last two weeks have actually been fairly reassuring for most crypto traders, as sideways action at a strong support zone

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Bitcoin Proves It Can Serve As A Flight-to-Safety!

May 16, 2022


The overall cryptocurrency market cap broke down below $1.5 trillion for the first time since July 2021 after peaking just below the $3 trillion level just this past November. Last week’s selloff appeared to likely be fueled by the LUNA / UST debacle, which should come as no surprise as this was the first time in history that a top-10 cryptocurrency became virtually worthless overnight. The bank run on UST was a wild roller coaster

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The UST Bank Run and How it Happened

May 10, 2022


The UST stablecoin which is supposed to be fixed to the price of $1 USD sold off to as low as $0.60 on Monday. The de-pegging of UST from the USD caused a bank run on the stablecoin, and forced a -53% selloff in the LUNA token on Monday as investors desperately tried to sell their UST holdings back into cash or other safer stablecoins. Stablecoins are cryptocurrencies that have a value that is fixed

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Weekend NFT Markets Forced to Take Pause… Literally

May 3, 2022


Web3 Defi already has opportunities for dynamic staking, cryptocurrency-collateralized loans, Decentralized Autonomous Organizations (DAO), and countless other offerings that are simply too complicated or possibly uninteresting to the average internet user. So, what does the crypto industry have to offer that has the ability to bring in new users? Two of the most successful Decentralized Finance projects in existence are Ethereum (ETH) and Solana (SOL), both of which have greatly benefited from their respective NFT

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Look What Fidelity Is Putting In Your 401(k)!

April 26, 2022


Before diving into technical analysis on the cryptocurrency market, we would like to bring to your attention today’s biggest crypto news… Fidelity announced on Tuesday morning that they are moving to offer Bitcoin (BTC) to their 401(k) retirement accounts. This move makes Fidelity the first major retirement plan provider to offer crypto assets to their clients. Reportedly, Fidelity plans to allow accounts to allocate up to 20% of their 401(k) to Bitcoin. With roughly $2.4

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Primary Defi Cryptocurrencies Hit Pivotal Levels

April 19, 2022


The cryptocurrency market really hasn’t done much over the past week with sideways price action staying pretty consistent. Bitcoin (BTC) really hasn’t changed recently despite a bit of range bound volatility and is still maintaining the long-term trend that was established in January. In order to maintain a bullish scenario BTC can’t close below the higher trend line shown above. The lower trendline based on the wicks is also in play in the event that

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Bitcoin Under Pressure and Potentially At Risk

April 13, 2022


Cryptocurrencies got beat up over the weekend and continue to remain under pressure as of the time of writing. Bitcoin (BTC) is down -13% on a rolling 7-day basis, and looks to be running right into crucial support. Fortunately, BTC is still respecting the positive trend established in January and may end up putting in a rather lucrative buying opportunity for the brave traders out there. The upper trendline is built on a closing price

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Will the U.S. Follow Suit? The European Union Just Set a Harsh Precedent for Web3

April 5, 2022


After a relatively quiet weekend in regards to cryptocurrency price action, we want to focus this week on the regulatory side of the cryptocurrency industry and how it continues to unfold in Europe. Thanks to Russia’s invasion of Ukraine and the sanctions that Russia has received from around the globe, the possibility for Russia to use cryptocurrencies in order to circumvent sanctions became very real. Speculation on how Russia may or may not deploy cryptocurrencies

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Bitcoin Broke Out, Now Here’s What to Watch

March 28, 2022


The cryptocurrency market finally decided to break out of its 3-month consolidation range, with Bitcoin (BTC) back above $47,000 and the total cryptocurrency market cap back above the $2 trillion mark for the first time since mid-February. If you read last week’s CrypoPulse Weekly Report you’ll remember that we discussed Bitcoin’s historical macro market cycles, as well as the components of each cycle (5 phases). We are happy to announce that as of Monday morning,

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Bitcoin No Longer Follows a 4-Year Cycle

March 22, 2022


Bitcoin has been around for a little more than 13 years by this point which allows for enough historical trading data to perform research on long-term trends like market cycles. Speaking specifically in reference to BTC, one of the most widely accepted theories regarding cycles is the Stock-to-Flow model from Twitter user PlanB that is based around the idea of BTC halving events taking place on a predictable 4-year basis. However, as time goes on

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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

Will 2022 Be the Year of Ethereum Killers?

December 26, 2021


For those of you that are still relatively new to trading the cryptocurrency market this may have felt like a choppy past few months, but looking at 2021 in hindsight we see the colossal gains and progress in the industry that have been made. 2021 has truly been the year that cryptocurrency went mainstream. Bitcoin (BTC) has grown 138% from $29,000 in January to an all-time high of $69,000 in November. Ethereum (ETH) started the

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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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