Technical Analysis / Chartered Market Technician, The Markets Academy

David Coloretti, CMT

Technical Analysis / Chartered Market Technician

The Markets Academy

TMA implements 2 strategies. 1) Tactical ... Trend Sustainability Score (TSS) allows TMA to identify exhaustion / reversal points in interim trends by utilising our proprietary analysis of ST momentum indicators. 2) Medium Term ... our 3 Pillars approach to technical analysis allows TMA to determine high probability medium term outcomes in markets.

Technical Analysis

<ul>
<li>On 12 January we published a bullish tactical recommendation in Bitcoin (XBTUSD).</li>
<li>We determined that Bitcoin at 18281 was evolving into a sustainable multi-month uptrend and was likely to initially target a 17.4% upswing to 21469.50.</li>
<li>•Bitcoin achieved our initial target at 21469.50 (+17.4%) on 17 January 2023.</li>
</ul>


On 12 January we published a bullish tactical recommendation in Bitcoin (XBTUSD).
We determined that Bitcoin at 18281 was evolving into a sustainable multi-month uptrend and was likely to initially target a 17.4% upswing to 21469.50.
•Bitcoin achieved our initial target at 21469.50 (+17.4%) on 17 January 2023.


Bitcoin (XBTUSD): Target Achieved in 5 Days (+17.4%)

Crypto in Sports, Sporting Crypto

Sporting Crypto

Crypto in Sports

Breaking down the intersection between Sports and Crypto

Intersection Between Sports and Crypto

Crypto

<ul><li>Manchester United are arguably the biggest European football brand on the planet.</li><li>So when they signed a deal in excess of £20m per year with layer 1 blockchain solution Tezos, eyebrows were raised.</li><li>Mainly due to the bad reputation Web3 has within football generally.</li></ul>

Manchester United are arguably the biggest European football brand on the planet.So when they signed a deal in excess of £20m per year with layer 1 blockchain solution Tezos, eyebrows were raised.Mainly due to the bad reputation Web3 has within football generally.

Sporting Crypto - 16th Jan 2023: Manchester United Football Club's NFT Drop

Data-Driven Analysis of Cryptocurrency Markets, Kaiko

Kaiko

Data-Driven Analysis of Cryptocurrency Markets

Kaiko is the leading cryptocurrency market data provider for institutional investors and enterprises. We empower market participants with accurate, transparent, and actionable financial data to be leveraged for a range of market activities. Kaiko’s mission is to be the foundation of the new digital finance economy by serving as a single source for market information. Our mission is premised on the idea that high-quality data drives market efficiency and greater transparency throughout the industry. For each of our enterprise clients, we build custom data plans designed for a range of use cases.

<ul><li>Price Movements: Bullish sentiment has returned to crypto, with BTC up 20% over the past week.</li><li>Market Liquidity: Binance.US's market share relative to other U.S. exchanges climbed to 15%, a marked increase after dropping to 6% post-FTX.  </li><li>Derivatives: BTC open interest fell sharply after a short squeeze caused millions in liquidations.</li></ul>

Price Movements: Bullish sentiment has returned to crypto, with BTC up 20% over the past week.Market Liquidity: Binance.US's market share relative to other U.S. exchanges climbed to 15%, a marked increase after dropping to 6% post-FTX.  Derivatives: BTC open interest fell sharply after a short squeeze caused millions in liquidations.

<ul><li>As a proof of stake network, Ethereum rewards stakers with block rewards and user fees.</li><li>However, the 32 ETH minimum required to stake your ETH directly on the network prohibits the vast majority of users from doing so. Enter liquid staking derivatives, or LSDs.</li><li>LSDs refer to the tokens created by DeFi protocols or centralized services designed to reward users who stake ETH on their platform.</li></ul>

As a proof of stake network, Ethereum rewards stakers with block rewards and user fees.However, the 32 ETH minimum required to stake your ETH directly on the network prohibits the vast majority of users from doing so. Enter liquid staking derivatives, or LSDs.LSDs refer to the tokens created by DeFi protocols or centralized services designed to reward users who stake ETH on their platform.

<ul>
<li>Today we step away from our ST / tactical TSS strategy and focus on definitive MT momentum confirmation.</li>
<li>The uptrends that have evolved since the November lows in Bitcoin and Ethereum are small relative to the 2022 declines.</li>
<li>This week is in the process of delivering definitive bullish MT momentum confirmation in both Bitcoin and Ethereum. Such an outcome will confirm a high probability multi-month uptrend bias.</li>
</ul>


Today we step away from our ST / tactical TSS strategy and focus on definitive MT momentum confirmation.
The uptrends that have evolved since the November lows in Bitcoin and Ethereum are small relative to the 2022 declines.
This week is in the process of delivering definitive bullish MT momentum confirmation in both Bitcoin and Ethereum. Such an outcome will confirm a high probability multi-month uptrend bias.


Weekly Close Is Likely To Confirm Sustainable Bitcoin and Ethereum Uptrends

United States

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

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Ethereum (XETUSD CURNCY)

Bitcoin (XBTUSD): Target Achieved in 5 Days (+17.4%)

Relative Strength Index (RSI) is a powerful tool, when interpreted correctly, for confirming sustainable trend change. In this case we pre-empted a...

David Coloretti, CMT

Sporting Crypto - 16th Jan 2023: Manchester United Football Club's NFT Drop

Manchester United are arguably the biggest European football brand on the planet. So when they signed a deal in excess of £20m per year with layer...

Sporting Crypto

The Return of the Bulls

Market Liquidity: Binance.US's market share relative to other U.S. exchanges climbed to 15%, a marked increase after dropping to 6% post-FTX.

Kaiko

Liquid Staking Derivatives Wars

LSDs refer to the tokens created by DeFi protocols or centralized services designed to reward users who stake ETH on their platform.

Kaiko

Weekly Close Is Likely To Confirm Sustainable Bitcoin and Ethereum Uptrends

Relative Strength Index (RSI) is a powerful tool for confirming material and sustainable trend change when interpreted correctly. Highly relevant...

David Coloretti, CMT

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