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Daily Report 11 Dec 2024

Daily Report 11 Dec 2024

* Last week, digital asset investment products saw the largest weekly inflows on record at $3.85bn, making the total inflows year-to-date (YTD) reach $41bn and total assets under management (AuM) to a new high of $165bn, compared to prior highs in 2021 which saw inflows of $10.6bn and an

Daily Report 10 Dec 2024

Daily Report 10 Dec 2024

* Bitcoin balances on exchanges have dropped to their lowest in over 4 years * In the past 12 hours, over $1.28bn has been liquidated in the crypto market, with the majority occurring on altcoins. * BTC ($125.48 million liquidated) and ETH ($189.30 million liquidated) represent a smaller share of

Daily Report 9 Dec 2024

Daily Report 9 Dec 2024

* Crypto exchange volumes hit three-year high in November 2024, reaching $2.5 trillion. As of today (9 Dec), the volume for December 2024 is at $1 trillion. * Binance remains the largest centralized exchange (CEX), with its market share at 39.1% in November 2024. Its spot trading volume increased by

Daily Report 6 Dec 2024

Daily Report 6 Dec 2024

* A sudden drop in the price of Bitcoin to $93,000 triggered a significant amount of long position liquidations, wiping out $303.5 million of long positions within the hour. * In the last 24 hours, total liquidations reached $1.04 billion, with over $500 million from Bitcoin alone. “It took

Daily Report 5 Dec 2024

Daily Report 5 Dec 2024

* Bitcoin sets new all time high records with prices above $100,000 as Trump nominates cryptocurrency advocate and former SEC commissioner Paul Atkins, to take over as SEC chairman. * Over $1 billion in recorded daily ETF inflows in early December. * Bitcoin Open Interest on exchanges soars over $65 billion. * BlackRock’

Daily Report 4 Dec 2024

Daily Report 4 Dec 2024

* The US government moved approximately 10,000 Bitcoins, worth around $1.92 billion at current market prices, to two separate wallets on Coinbase Prime. * Possibly signals intention to sell from the current government, but with Trump's upcoming presidency, the Bitcoins might go to into a "strategic Bitcoin

Crypto Charts 14th November

Bitcoin Short Term Chart Last time we said ‘I am saying wave 5 is underway. If not long buy now at 64400 and add again around the 61k level with stop below the wave 4 low at 58900’ As you can see we have traded straight up to 93462 but

Crypto Charts

Bitcoin Short Term Chart Last time we said ‘it appears , as is often the case we are tracing out a wave 4 corrective triangle. Buy now or on a slight dip and leave stops at last weeks levels a move back above 65k will indicate that wave 5 is underway.

Crypto Charts 2nd October

Bitcoin Short Term Chart Last time we said ‘it appears , as is often the case we are tracing out a wave 4 corrective triangle. Buy now or on a slight dip and leave stops at last weeks levels a move back above 65k will indicate that wave 5 is underway.

Crypto Charts 10th September

Bitcoin Short Term Chart Last time we said ‘Looking at the short term chart it look like we will have one more break push lower and I would raise my buy level to 55500. Leave stops at the wave 4 low 49200.’ We treaded down to 52600 enabling us to

Crypto Charts 2nd September

Bitcoin short term chart Last time we ‘If a pull back to the 53500 area add to longs there with stops below 48800.’ Looking at the short term chart it look like we will have one more break push lower and I would raise my buy level to 55500. ‘ Leave

Crypto Charts 29th August

Bitcoin short term chart Last time we said ‘I am building again a long position and rebuying now with stops at the 48800 level . If a pull back to the 53500 area add to longs there.’ Looking at the short term chart it look like we will have one more

Crypto Charts 19th August

Bitcoin long term chart Last time we said ‘move stop losses up to the wave 4 low on long positions as the BTC appears to have completed it correction in the long term and use any dips to buy.’ I was not expecting the correction to continue and looking at

Crypto Charts 31st July

Bitcoin long term chart Last time we said ‘We traded down to 53600 . it doesn’t negate our longer term bullish view.’ You can move stop losses up to the wave 4 low on long positions as the BTC appears to have completed it correction in the long term and

Crypto Charts 8th July

Bitcoin long term chart Last time we said ‘Whilst above the wave 4 low we will continue to remain long.’ We traded down to 53600 and I have relabelled the chart to take account of this unexpected move below 55K it doesn’t negate our longer term bullish view . As

Chart Analysis Featured

Crypto Charts 4th June

Bitcoin long term chart Last time we said ‘BTC sold off perfectly in line with expectations. So we need to look at the short term chart to see if wave 4 is close to ending before we start buying.’ c As you can see we fell just short of 38.

Bitcoin Investment Thesis

Market Analysis Featured

Bitcoin Investment Thesis

Bitcoin has revolutionised the 21st-century investment landscape by introducing a decentralized digital currency, a ground-breaking asset in the modern era of investing. There are several reasons to consider the inclusion of Bitcoin in an investment portfolio: * Diversification: Bitcoin has a low correlation to other asset classes, such as stocks, bonds,

Crypto Charts 120

Crypto Charts 120

Bitcoin Last time we said: I am looking for a break to the downside and test towards the $23k level to complete the 5 waves lower and end the wave 2 correction. Look to buy at $23'250 and add at $22'747 As you can see we

Crypto Charts 119

Crypto Charts 119

Bitcoin Last time we said: we are trading sideways in a wave (iv) corrective triangle. I am looking for a break to the downside and test towards the $23k level to complete the 5 waves lower and end the wave 2 correction. Look to buy at $23'250 and

Crypto Charts 118

Crypto Charts 118

Bitcoin We were bullish: Whilst above the $28'500 level As you can see from the chart once we broke that level we sold off sharply to put the short term bearish view into play. We stopped at $25'134 to end what should be the major wave

Crypto Charts 117

Crypto Charts 117

Bitcoin Last time we said: ‘Whilst above the $28'500 level we will continue to look for higher, raise stops to that level and look to rebuy again $28'880’ We remain bullish and look for the BTC to accelerate higher with wave iii confirmed to be underway

Crypto Charts 116

Crypto Charts 116

Bitcoin Last time we said ‘The sideways price action look like we are in the late stages of a wave b triangle. Once complete we will look for a thrust below $29'660 to confirm lower in the coming days and start to buy at $28'880, add

Crypto Charts 115

Crypto Charts 115

Bitcoin Last time we said: ‘Look for a sell off from current levels and start to buy at $28'880 , add at $28'100 and again at $27'330 with stops at $26'000’ The sideways price action look like we are in the late stages

Crypto Charts 114

Crypto Charts 114

Bitcoin Last time we said: Look for a sell off from current levels and start to buy at $28'880 , add at $28'100 and again at $27'330 with stops at $26'000. As last week we expect a sharp acceleration on a break back

Crypto Charts 113

Crypto Charts 113

Bitcoin Last time we said: ‘It appears we have completed 5 waves up for wave (i) and are currently correcting in 3 waves. Look to buy at $28'900 and add at $28'100 with stops now at $25'800. Once the correction is complete we should