Directional moves still on the cards? - #TradingOutlook Powered by KTG

Directional moves still on the cards? - #TradingOutlook Powered by KTG

With the continued indecision on the market and no risk on the horizon this week, will we have a substantial directional move on Bitcoin anyway? BTC was driven by technical picture and positioning last week. The debt ceiling topic wasn’t affecting the market much as a deal had already been reached, and the bill was passed by the House and Senate, then signed by Biden during the week. Another swing in probability of June’s rate hike (down this time) and fundamental data (jobs) didn’t cause any
Jun 6, 2023
Is BTC likely to continue its up-move? - #TradingOutlook Powered by KTG

Is BTC likely to continue its up-move? - #TradingOutlook Powered by KTG

Is BTC likely to continue its up-move? Last week was dominated by debt ceiling negotiations with the market driven by sentiment - shaped by shifts in talks and technical picture. It was not affected much by incoming macro data and Fed members’ rhetoric, with probability of 25 bps hike in July having increased from 25% to 64% over the week. BTC started last week with initial weakness continuing from the day before on the back of no progress in debt ceiling talks. It retested $26,500 support o
May 30, 2023
Directional move coming? - #TradingOutlook Powered by KTG

Directional move coming? - #TradingOutlook Powered by KTG

With BTC’s price becoming more compressed, will we finally get a directional move? BTC entered last week with signs of strength and hope for the bulls, on the back of rejection from the downside on Friday, a weekly close above lower band of $26,500 - $31,050 range and an early rotation to the upside on Monday. Later in the day, the momentum started to wane instead of building. BTC got to its first challenge at $27,700 but was too weak on the approach and started backing off. Tuesday was a re
May 23, 2023
Market still in the range? - #TradingOutlook Powered by KTG

Market still in the range? - #TradingOutlook Powered by KTG

Last week was interesting, with a lot going on in the crypto space and the market moving. BTC entered last week weak on the back of ETH Foundation selling, and FUD around Binance after it halted withdrawals over the weekend. On Monday, Binance did it again and BTC pressed down throughout the day. On Tuesday, the market traded sideways in preparation for CPI on Wednesday. The upside was tamed as more negative news was coming with Jane Street and Jump pulling back from trading crypto in the US
May 16, 2023
Range-bound trading continues? - Powered by KTG

Range-bound trading continues? - Powered by KTG

Will this week mark the end of range-bound trading…or not? Last week was packed with events and data which had a potential to give the market direction, but nonetheless it stayed range-bound. BTC started last week (a new month) weak after an attempt to push the price higher and attack the 2023 high failed. We had a selloff just after we opened for May and continued through Monday. FRC troubles, which were putting downward pressure on bank stocks and helping BTC in the previous week, finished
May 9, 2023
Re-evaluate your biases #TradingOutlook - Powered by KTG

Re-evaluate your biases #TradingOutlook - Powered by KTG

An increased volatility, combined with low liquidity requires constant re-evaluation of biases. BTC started last week trading in the range established in the previous weekend after an earlier sell-off. It registered a false-breakout first to the upside on Monday and then to the downside later, sweeping out liquidity on both sides of the range. It looked like sellers who were pressing the market down in the previous week lost steam and couldn’t send the market lower. Buyers gained the upper h
May 2, 2023
A sign of bearish weeks ahead? #TradingOutlook - Powered by KTG

A sign of bearish weeks ahead? #TradingOutlook - Powered by KTG

We had a very busy and interesting week last week. This was so even though we didn’t have any major macro news coming out. As early as the start of last week, BTC showed weakness. It started rotating to the downside after range-trading on the weekend and was pressed down throughout the day. Sellers were not able to finish the day below key support at $29,200. That gave the market a relief rally early on Tuesday to cover the whole Monday down-move and BTC started consolidating. This time, buye
Apr 25, 2023
Can Bitcoin sustain its breakout? #TradingOutlook - Powered by KTG

Can Bitcoin sustain its breakout? #TradingOutlook - Powered by KTG

After 3 weeks of consolidation on BTC, we finally had a breakout last Monday with a subsequent up-move. It was the most directional day last week with many traders getting caught off-guard after a slow trading period, which led to a short squeeze. This happened without any major data or news, but rather due to the positioning before CPI on Wednesday. The move continued on Tuesday but instead of further acceleration, the market started losing momentum. Weaker CPI on Wednesday caused only a sh
Apr 18, 2023
Time for a breakout #TradingOutlook - Powered by KTG

Time for a breakout #TradingOutlook - Powered by KTG

After three weeks of trading within the same range, could price compression lead to a breakout for BTC? Last week saw boring price action for BTC. Monday was the only exception when the weekly low was set at $27,180 following ISM Manufacturing and a CT rumor regarding a Red Notice for CZ. BTC then bounced back up when CZ denied the rumor, which caused short-covering. Early on Wednesday, BTC set the weekly high at $28,814 before drifting down. In recent days it’s been trading sideways around
Apr 11, 2023
Range-bound trading continues #TradingOutlook - Powered by KTG

Range-bound trading continues #TradingOutlook - Powered by KTG

BTC’s range-bound trading continues. Or…will there be any surprises ahead? BTC is still staying in the range - for more than 2 weeks already. We entered last week trading in the middle of it. On Monday, BTC sold off and retested the lower band at $26,500 on the back of the news that CFTC sued Binance and CZ over regulatory violation. However, sellers couldn’t push the market lower even though FUD kept on building. As the market didn’t want to go further down, it eventually went back up - sho
Apr 4, 2023
Rest week ensues #TradingOutlook - Powered by KTG

Rest week ensues #TradingOutlook - Powered by KTG

A rest week ensues after a strong rally last week, with BTC trading in the range and buyers losing steam. Are there obvious opportunities that traders are missing? We entered last week with buyers still having the upper hand. They were pressing the market up with retracements to higher and higher levels being bought, hence posting higher lows. However, they were not able to push the market decisively upwards as buying pressure around highs was easily absorbed by sellers. The market was gettin
Mar 28, 2023
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

We use cookies to improve your experience. To find out more, please read our Privacy Policy. By clicking "Accept", you consent to our cookie and Privacy Policy. Or you may click “Decline”to refuse to consent.

Stay Connected

WOO Network connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at zero or low cost.

Terms of Service Privacy Policy Information Security Statement