29 September 2022
Directly relevant to crypto is the dollar index (DXY) – if it falls crypto should rally. Right now we are testing the peak of the 20 week cycle which is due to roll over with the next trough expected mid-November. The second 80 day cycle in the set is due to trough at the same […]
29 September 2022
We haven’t looked at the Ethereum | Bitcoin spread for a while. In the last note on XETXBT in late August, we were stalking a top out in the June rally. Price pressed a little higher than expected, but on 9 September, it finally broke down. The June channel broke, then key support broke, then the MACD […]
27 September 2022
Today, I’ve got my eye on the Bitcoin hourly chart – price broke higher today, and as was anticipated in yesterday’s note, has formed a U-shaped base and is challenging the breakout level aggressively. The preferred view remains for a push to around US$23,000 and then a fade and pullback over the next month or […]
23 September 2022
The key drivers we typically look at for a crypto read across, Nasdaq futures and Gold, are both heavy and grinding lower – that’s the backdrop. And the assessment remains that Ethereum is headed down to a mid-November low driven by the down swing of the current 20-week cycle which kicked off mid-June. I think we […]
22 September 2022
Indonesia will soon require two-thirds of crypto exchange board members and directors to be Indonesians residing within the country, in a bid to protect investors. According to the Trade Ministry’s Commodity Futures Trading Regulatory Agency (Bappebti), the rule would also require exchanges to use a third party to store clients’ funds, while prohibiting them from […]
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