The Wyckoff Wave Still Near Overbought, So We Look For More Downside.
The Wyckoff Wave finished the week slightly lower, on an increase in volume. We have been looking for lower, and still in that camp. The…
Fund Management Giant State Street Increases Stake in Silvergate to 9.3%
Silvergate is up nearly 40% on Thursday alongside a sizable rally in crypto-related stocks. State Street disclosed a 9.3% stake in troubled crypto lender Silvergate…
Bitcoin Market Sentiment Is Most Bullish in 14 Months With US Jobs Report Due
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days…
Investors Pump Money Into Crypto Funds Amid Pickup in Market Sentiment
Bitcoin dominated this week’s inflows, accounting for almost all of the $117 million coming in. Digital asset investment products saw a total of $117 million…
The Wyckoff Wave Overbought, Short Term We Look For Sideways/Lower.
The Wyckoff Wave finished the week higher, on average volume. We were looking for lower last week and we continued slightly higher. We still think…
Bitcoin’s Upswing Is Reminiscent of 2019 Bull Revival
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January and the…
After FTX: How Congress Is Gearing Up to Regulate Crypto
Sam Bankman-Fried was crypto’s number one influencer in Washington. Now the collapse of FTX is fueling a crackdown, says CoinDesk’s Jesse Hamilton. If familiarity breeds…
The Wyckoff Wave Neutral, So Let’s Look For Further Pullback.
The Wyckoff Wave finished the week lower as called for on average volume. We was looking for a short term pullback which we got. With…
New FTX Head Says Crypto Exchange Could Be Revived: Wall Street Journal
John J. Ray III made the comment in his first interview since taking over FTX in November. The new head of FTX is exploring the…