Q1 Close – Crypto Market Recap

In Q1 we saw some very bearish action for a lot of cryptocurrencies, and one of the bigger losers, Cardano (ADA), dropped around 40% during Q1, before making a recovery. Towards the end of the quarter cryptocurrencies made significant recoveries, with Bitcoin trading back into the quarter open level. Below you can see how Bitcoin,Continue reading “Q1 Close – Crypto Market Recap”

Ethereum at key resistance

ETH/USD has traded into an extremely significant resistance on the daily chart (1D Chart) at the $3380 price. The level first formed as a support in October of 2021, and was traded into on the 4th of December 2021 in a flash crash. Price again rejected this level as a resistance throughout January, and nowContinue reading “Ethereum at key resistance”

ADA/USD Downside – 30 March 2022

Cardano is at the YTD open price, which we anticipate to act as a resistance. Technically price is also at a support / resistance structure, and the stochastic and RSI are both at overextended levels. Downside target: $0.70 Violated above: $1.40 Entry: At market.

Crypto Appears Bullish As US Lawmakers Introduce “ECASH” Bill

Crypto holders globally have been excited with the recent upturn in popular cryptocurrency markets. A group of US lawmakers have declared that the US Treasury Department may be the right entity to create a digital dollar – not the Federal Reserve. The “ECASH” bill (introduced 28/3/22), as it is being branded, would authorize just that.Continue reading “Crypto Appears Bullish As US Lawmakers Introduce “ECASH” Bill”

El Salvador Postpones the Bitcoin Bond

El Salvador has been the global champion of Bitcoin over the last year, having purchased a significant amount of the cryptocurrency for . El Salvador announced plans to build a “Bitcoin City” in November of 2021. This “Bitcoin City” was planned to be funded by the sale of Bitcoin Bonds. Unfortunately for El Salvador theContinue reading “El Salvador Postpones the Bitcoin Bond”

Ukraine Signs Virtual Asset Bill as Nation Receives >$100M in crypto donations

Ukrainian President Zelenskyy officially legalized cryptocurrencies in the Ukraine. Zelenskyy signed a bill on virtual assets that determines the legal status, classification, ownership, and regulators for crypto service providers. The Ukraine’s National Commission on Securities and the Stock Market will regulate the market, and Exchanges will be able to operate legally. Ukrainian banks will alsoContinue reading “Ukraine Signs Virtual Asset Bill as Nation Receives >$100M in crypto donations”

BTC/USD Ranging – Downside to $23,000 Next?

Bitcoin has been ranging since the start of the year, caught between resistance at $45,000 and support at $35,000. We anticipate the $45,000 mark to hold as resistance, and the $35,000 support to break, leading to downside into the $23,000 figure. That said, if bitcoin is able to make a sustained move above the $45,000Continue reading “BTC/USD Ranging – Downside to $23,000 Next?”

ETH/USD – Ready To Drop Again?

Ethereum looks set to take another beating in the coming week, with price still being held below the resistance trendline. Ethereum is currently trading at 2,547 USD, and the resistance trendline lies just above price, capping the upside. We’re looking for a break below the support trendline, with sustained downside to the 1800 level. Entry:Continue reading “ETH/USD – Ready To Drop Again?”


LTC/USD has traded into a key resistance level at the $100 mark. We’re looking for price to bounce from this price towards the downside. Technically price is holding the downtrend, and the $100 figure has been a support / resistance level historically. Downside target: $92.00 Violated above: $104.00 Entry: At Market