In Monday’s letter, we walked through how we’re monitoring Bitcoin’s downside risks in the face of an incredibly strong tape. Even though this environment is...
As Bitcoin approaches its previous all-time highs and our primary long-term target, we remain vigilant regarding several developments that may prompt a shift towards a more tactically bearish outlook. Amidst these considerations, it is imperative to...
The easy trade to make in this space is to simply buy Bitcoin on a breakout to new all-time highs. But should you want to get more creative with a higher risk/higher reward trade, we have you covered.
Here is a list of trade ideas organized by date, ticker symbol and directional bias. Please make sure you have clicked on the link and read the details surrounding the trade before acting upon any of them. Also, make sure you have checked with your...
Bitcoin has hit our primary long-term target of the former all time highs near the upper 60,000s. So what now? Does the entire asset class cool-off? Or does money rotate from the extended names down into the assets only beginning to participate?
Bulls remain in full control of the crypto tape, with Bitcoin retesting all-time highs. But as journalists talk of all-time highs, we're remaining mindful that this is a logical place for Bitcoin to consolidate its gains. The question that remains is...
Crypto markets continue to rally higher, lead by Bitcoin and Ethereum. Bitcoin finds itself a mere stone's throw away from its all-time highs, while Ethereum trades beneath a key level of resistance. With the risk vs reward tilting out of...
Crypto markets continue to work their way higher, with Ethereum closing last week up +8% following a notable rally in weekend hours. The trend for crypto assets remains unequivocally higher, as we’ve alluded to in the past. As Nvidia beat...
Both Bitcoin and Ethereum have surpassed psychological levels of $50,000 and $3,000, respectively, following impressive rallies. Now, the risk versus reward scenario tilts towards the speculative end, as indicated by our breadth metrics, which...
In recent weeks, we've pointed to the strength in the flows supporting the crypto market. Nothing has changed, and the trend remains unequivocally higher.
In Monday’s letter, we made the case that the market has successfully resolved higher from the post-ETF consolidation. This came after a number of data sets suggested we had seen a reset in the consensus bullish sentiment and positioning in...
In last week’s letter, we argued that a once-crowded bullish sentiment had cooled down in a bull market reset. We also put forward the case that crypto markets were at an inflection point between capitulation or reacceleration. Over the last...
As crypto markets continue to churn sideways following the Bitcoin spot ETF approvals, positioning data suggests a once-crowded consensus bullish sentiment has cooled down. This comes within the context of Bitcoin retesting its long-term...
Last week, we saw bulls step in to defend critical short-term levels of interest.
Bitcoin closed the week up 11.50%, while Ethereum posted an 11% gain. With much of this historically choppy month behind us, these markets are pushing to the...
Different market environments are conducive to certain scans and less so to others.
Coming off this perilous winter, strategies identifying short opportunities have been greatly rewarded. And, throughout the pandemic, it was the complete...
