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Market Update: Get comfortable with the current range
14 Jul 2021

Market Update: Get comfortable with the current range

As equities brush off inflation fears to continue on a record bullish streak, crypto markets test trader’s patience after 58 days in the $30–40k range. The market has reached an equilibrium of bullish and bearish drivers as retail sentiment continues to fatigue and bigger players remain patient amid weak price action and regulatory headlines. The
Crypto Market Observations — DeFi and NFTs boost ALTs
7 Jul 2021

Crypto Market Observations — DeFi and NFTs boost ALTs

Gains in DeFi and NFTs give Alts a boost as option market activity suggests a bullish bias towards ETH. Recent changes in open interest point to further consolidation in the current range. There continues to be a general lack of market volume and on-chain activity as implied vol slides lower, DeFi yields compress, USDT market share hits an all
Trading Strategy: 40k reclaim for BTC
19 Jan 2021

Trading Strategy: 40k reclaim for BTC

While the attention is currently heavily focused on ETH flirting with all time high boosted by a remake of the Defi summer, BTC, after some challenging days he is gearing up to attempt another climb of the $40k level. Since Christmas, BTC has been held by a support dating back to the 24th of December that brought it to ATH and another dating back
Trading strategy : “Thanksgiving” Part II
4 Dec 2020

Trading strategy : “Thanksgiving” Part II

Trading strategy : “Thanksgiving” Part II Just a week ago, the Thanksgiving correction took the market by surprise and gave the dip buyers an unexpected Black Friday discount to load up on BTC before our beloved coin can resume its march to the desperately awaited $20k break through. Just after, we bounced nicely and found great support around the
Trading Strategy: Brace yourself for a potential volatile weekend
27 Nov 2020

Trading Strategy: Brace yourself for a potential volatile weekend

Our last trading idea, the 25Dec20 24K/16K Risk Reversal has worked well thanks to the recent market correction. Worth less than $200 at the time, it is now trading $750 ($16,700 ref). Benefiting from the spot and implied volatility move, it would make sense to close or reduce this position and take profit. But we have to remain vigilant as this
Trading Strategy: Hedge your profits and play the skew
18 Nov 2020

Trading Strategy: Hedge your profits and play the skew

Over the last 2 weeks, we crossed consecutively, with hardly any real pull back, the 14,000, the 15,000, the 16,000, the 17,000 and the 18,000 level. The speed of that rally has taken even the most enthusiastic BTC hodlers aback. The flow of bullish news has been uninterrupted, being company putting reserves into crypto, payment services expanding
Trading Strategy: Target the 12K/14K range, Part Deux
14 Oct 2020

Trading Strategy: Target the 12K/14K range, Part Deux

Back in early august, we published a similar idea (in a low premium strategy to mitigate risk) but the market failed, despite a break to 12400, to stay above 12,000 and reverted back to the 10,000 level. This level and the 10,500 acted then as good resistance. With the help of a bullish market in equity (especially in the tech sector), it did not
Trading Strategy: Let’s play ETH back above 400
17 Sep 2020

Trading Strategy: Let’s play ETH back above 400

After flirting with the $500 level a few weeks ago on the back on a broad market rally and DeFi exuberance, ETH fell more than 30% to trade as low as $320. It has bounced back since to $380, but we feel there are reasons to believe that this trend could continue and break above $400 again. Looking at technicals, we have a channel that has formed a
Trading Strategy: Betting on the 12,000/14,000 range
3 Aug 2020

Trading Strategy: Betting on the 12,000/14,000 range

As expected, by crossing the 10,500 level we saw a regime shift in BTC. Volatility came back both in realised and implied. The flash crash we saw over last weekend, with over $1bn worth of position in BTC being liquidated across exchanges, shows us that it is unlikely to go away soon. 10 days realized is sitting now at 81%. Implied volatility
Trading Strategy: Still Bored of the 9,000-10,000 Range?
22 Jul 2020

Trading Strategy: Still Bored of the 9,000-10,000 Range?

Trading Strategy: Still bored of the 9000-10000 range? A bit more than a month ago on the 15th of June, we suggested selling the 31 Jul 2020 8,000/9,000/10,000/11,000 Iron condor. This strategy played beautifully as BTC failed to escape the 9,000–10,000 range. Worth $600 at the time, it is trading around $110$ now. With less than 10 days to go un