Strong uptrend in play #TradingOutlook - Powered by KTG

Strong uptrend in play #TradingOutlook - Powered by KTG

A strong uptrend is evident in the crypto markets right now. How far will we go? BTC continues to be very strong, benefiting from liquidity injected to the banking system and working as a safe haven for those diversifying out of banks and fiat money. On top of that, it finally broke out of the 9-month range. BTC entered last week strong, although a bit tired on Monday after a sharp up-move late on Sunday caused by the Fed, US Treasury and FDIC’s intervention to save SVB and prevent spillover e
Mar 21, 2023
In the wake of SVB’s downfall #TradingOutlook - Powered by KTG

In the wake of SVB’s downfall #TradingOutlook - Powered by KTG

An important week lies ahead following the aftermath of SVB’s downfall. What should traders bear in mind? It was a busy and eventful week. We started with weakness on BTC, which saw further acceleration in downward pressure. Any attempts to push the market higher were absorbed by sellers and they were even much shallower than in the previous week. The market was pressed down with sellers coming to the market lower and lower, meaning bulls were becoming weaker and sellers stronger. Powell’s h
Mar 14, 2023
Sideways movement ahead #TradingOutlook - Powered by KTG

Sideways movement ahead #TradingOutlook - Powered by KTG

The market continues its sideways movement this week after a spike down last Friday. What are the next major levels to look out for? The weakness, which started with BTC’s fake-out at $25,300 is still visible on the market. A week ago, buyers were trying to regain control and the market started to rotate to the upside. As noted in our last report, an acceleration towards the upside would’ve been needed to be long. However, BTC struggled with any smallest buying pressure being absorbed by selle
Mar 7, 2023
Is the correction almost over? #TradingOutlook - Powered by KTG

Is the correction almost over? #TradingOutlook - Powered by KTG

$BTC started last week trading sideways close to $25,200, the most important challenge in up-trend this year. Market was strong on Monday and early Tuesday was poised to attack that resistance. That’s exactly what happened. However, it didn’t unfold the way that you would expect from the market, which wants to go higher – instead of strength at new highs, sellers stepped in very aggressively, pushing the market lower. That’s when sentiment changed. Sellers pressed the market down for the next
Feb 28, 2023
Will the bulls stay in control of the market? #TradingOutlook - Powered by KTG

Will the bulls stay in control of the market? #TradingOutlook - Powered by KTG

Bitcoin entered last week trading in the $21,400 - $22,100 range after a long-awaited retracement posted on the previous Thursday. The question was whether it would retrace further or go back up with the prevailing uptrend. Monday and Tuesday gave us an early sign of the most probable move – that sign was market-resiliency to bearish news. Paxos was ordered to stop minting $BUSD but sell pressure was absorbed consistently throughout the day and the attempt to break down from the range failed.
Feb 21, 2023
Bears gain the upper hand #TradingOutlook - Powered by KTG

Bears gain the upper hand #TradingOutlook - Powered by KTG

The long-awaited crypto retracement finally happened last week. Are there any further downside risks ahead? After almost three weeks in consolidation following a strong up-move this year, BTC finally managed to break $22,300 and retrace part of the move. For the first two weeks of consolidation, bulls were still in control as they were able to push the market to new highs but they were losing strength as they couldn’t produce a follow-through with new highs being sold off. The bears finally s
Feb 14, 2023
Post-FOMC Sentiment #TradingOutlook - Powered by KTG

Post-FOMC Sentiment #TradingOutlook - Powered by KTG

Is a crypto market retracement finally in sight, or are we poised for further upside? BTC remains in consolidation. As expected, Fed raised rates by 25bps at the FOMC meeting on Wednesday. Though the statement was hawkish, the market didn’t want to go down, displaying a sign of strength. A softer tone during Powell’s Q&A pushed the market higher. Early on Thursday, BTC posted a new high but that strength was immediately sold off. Poor earnings from AAPL, GOOGL and AMZN subsequently put downwar
Feb 7, 2023
Expectations for FOMC & How BTC will trade: #TradingOutlook - Powered by KTG

Expectations for FOMC & How BTC will trade: #TradingOutlook - Powered by KTG

Not much has changed for BTC in recent weeks. After two legs of up-trend this year, we’ve stayed in consolidation. Sunday’s low at $22,300 worked as a strong support with any weakness towards that level being aggressively bought. BTC tried to break to the upside on Wednesday, but it wasn’t sustainable and was immediately sold off. Sunday’s attempt failed again. And thus, we are back in the range. The preference is on being long-biased and to use any intraday weakness as buying opportunities. H
Jan 31, 2023

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