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2021-08-06 16:40:21 Daily Market Brief

O@N Crypto

Friday 6th August

Caps and sentiment:
Market capitalisation: $ 1.33 trillion ( ↑6.05%) increase over the past day
Bitcoin’s dominance: 45.84% ( ↑0.78%) increase over the past day

Fear Index: 52 (↑ UP from 50)

Top 10 coin prices:

1. Bitcoin: $40,950
2. Ethereum: $2,790
3. Binance Coin: $336
4. Cardano: $1.38
5. XRP: $0.73
6. Dogecoin: $0.20
7. Polkadot: $19.92
8. Uniswap: $25.28
9. Bitcoin Cash: $545
10. Litecoin: $145
Brief analysis of the market:

The fear and greed index has risen from our lows of extreme fear and fear to a neutral rating of 50, as Bitcoin price remains just below our resistance zone of 42.5k. Bitcoins key resistance at this level has been tested by the bulls 3 times in the last week, which has led to violent rejections and a price plummet back down to the 37,400. Our expectation is a continuation of this trend whereby we can see 41k break and potentially another retest of the 42.5k resistance band, if however we see market sentiment start to wither we can expect a bleed of the Bitcoin price back down to the 36k. As soon by the fear and greed indicator we are in a 50/50 crunch point with the bears who potentially missed out on the 30k region wanting the price to drop back down to these levels and on the flip side the bulls who want to see us break the 42.5k resistance band which would push of the price highs of 45k.


The Ethereum London Hardfork was in play yesterday which has seen ETH on break many key resistance levels and settle around 2750, the next target for eth would be 3000USD however this price explosion we have experienced is due to the expectation everyone has of the EIP-1559. As we explained in a prior post this upgrade will have users participating in an open auction for every block, whereby they would have to place a bid with a miner. This structure is yet to confirm whether we will see lower gas fees than before the upgrade, but more so a dynamic fee structure which is likely to have higher fees during times of network strain.


DODO coin a favourite altcoin amongst the group in recent times, DODO coin has seen a nice price resurgence back to the 1.4 dollar range, breaking to the upside from a multimonth low, the next bullish price target for us would be the 1.88 dollar range and if that were to be broken we can expect a rally beyond the 2 dollar range. The team and I will be doing a comprehensive breakdown on the DODO platform and how it operates and this is always useful to keep in mind when trading altcoins. Open / Comment

2021-07-25 23:49:38 Cryptocurrency News ALERT

Rishi Sunak reportedly wants to replace cash with a new BRITCOIN cryptocurrency, which is poised to be a digital version of the physical currency we currently use.

There has been much distaste for such a release and the expectation is that a digital GBP will cause users to boycott the proposed BRITCOIN in favour of other untaxed and untraceable cryptocurrencies which could cause huge governmental losses. Open / Comment

2021-07-25 23:43:12 Daily Market Brief
O@N Crypto
Sunday 25TH JULY


Caps and sentiment
Market capitalisation: $ 1.40 Trillion(↑ 0.68%) increase over the day
Bitcoin’s dominance: 46.28% ( ↑0.38%) increase over the day
Fear Index: 27 ( from 22)

Top 10 coin prices
1. Bitcoin: $34,407
2. Ethereum: $2,154
3. Binance Coin: $298
4. Cardano: $1.21
5. XRP: $0.59
6. Dogecoin: $0.19
7. Polkadot: $13.36
8. Uniswap: $17.72
9. Bitcoin Cash: $444
10. Litecoin: $124


Brief analysis of the market

The fear and greed index has now exited the extreme fear rating after increasing by 5 points from 22 to 27, indicative of a decreasing fear scale from within the market. After the ATH of the S@P 500 on Friday just before market close we saw a rally for Bitcoin from market lows of 31994 to 33,300, during the weekend Bitcoin has also managed to break through a key resistance zone the 34,300 region, however is now struggling to maintain the break.

What is currently being setup is a RISING WEDGE – these usually conclude 68% of the time with a retracement. Given the circumstances which led to the rally a low volume pump without any consolidation we can expect price to break back down to 32,680 which would mark a perfect area to rebuy in.

NFT gamification has also become a hot topic over the weekend with the likes of ALICE and AXS, these cryptocurrencies are governance tokens for their respective games. Holding the coins allow users to shape and vote in the direction of the game universe.

The appeal of a play to earn crypto game is a new concept for the western audience and given the capitalistic nature we can expect gamification within the context to have an increasing appeal. Open / Comment

2021-07-25 02:37:45 Bitcoin is performing a clean brake of the descending channel. This is a bullish sign for Bitcoin. The next resistance is $34,500-$35,000 which is a 4H / Daily level. If Bitcoin can break this, this will be huge for market sentiment. Open / Comment

2021-07-25 02:00:45 https://cryptocrunchapp.com/news/cardano-new-upgrade-to-enable-compatibility-with-browsers-and-mobile Open / Comment

2021-07-23 18:17:50 Daily Market Brief
O@N Crypto
Friday 23RD JULY


Caps and sentiment
Market capitalisation: $ 1.33 Trillion(↑ 1.32%) increase over past day
Bitcoin’s dominance: 45.38% (↓ 0.26%) decrease over past day
Fear Index: 23 ( from 20)

Top 10 coin prices
1. Bitcoin: $32,400
2. Ethereum: $2,050
3. Binance Coin: $289
4. Cardano: $1.18
5. XRP: $0.59
6. Dogecoin: $0.19
7. Polkadot: $12.92
8. Uniswap: $17.70
9. Bitcoin Cash: $445
10. Litecoin: $120


Brief analysis of the market

The fear and greed index has risen once again to 23 from its previous value of 20 yesterday. This shows a slight increase in positive market sentiment however we still remain in the extreme fear category which we have been in since last month, that being said following the B money conference, Bitcoin is now hovering at the 32K region having found support at the 32.4k region.

As we spoke about yesterday, Bitcoin still remains in a deadzone whereby there is no clear cut direction of whether were in a bullish or bearish price scenario. In this context we expect further consolidation of bitcoin around the 32K region. In a bearish scenario can we expect price to fall to the 30k region which has acted as a high level resistance. Conversely, in a bullish scenario we can expect to rally to the 34k region where price was before the grayscale FUD.

Due to the increased popularity of trading RUNE in the group, we would just like to talk about the price action. The recent price action has been driven by the security breach of the chaos net platform whereby an unconfirmed 4000ETH as well as bitcoin LYC ,BNB and other BEP-20 based tokens have also experienced critical exploits.

There is further fear over the vulnerable nature of the THORChain router despite upgrades dealing with ERC / Triple 7 tokens on July 9th. Although the Ethereum exploit has been fixed, the sophisticated attack on the ETH router is casting out amongst THORchain users. The THORchain actively working to rectify the issue amidst fears that ERC-20 Token pools can be the next target on the platform. Open / Comment

2021-07-22 22:08:51 BTC TECHNICAL ANALYSIS ALERT :
O@N Crypto

Bitcoin following the "B word" talk we have seen a moderate surge in volume with price rising. as well as open interest. This price action towards the upside may be short lived however as we are pushing up against a strong resistance area ($32.5k-$33.5k) both on the 4H, daily chart and also is the upper trend line for the descending channel.

If we fail to break convincingly with large amounts of volume, we can expect to see an tumble down to our $30k resistance zone. Throughout today we have seen alot of FOMO beginning to arise meaning we will be looking for the 34k price region as a result of the bullish sentiment. Open / Comment

2021-07-22 22:08:27 Open / Comment

2021-07-22 15:48:50 RUNE TA ANALYSIS ALERT :
O@N Crypto

RUNE is also known as Thorchain is currently trading at 4.5USD this is a coin with a HIGH potential upside given its prior price action during the height of the bull run.

In this context we are in an accumulation zone for RUNE, meaning you should be looking to add this to your portfolio as time progresses with the price targets as we have defined. Accumulation between the 3.4-5 dollar region is the perfect zone.

If going for the most ambitious of those being the 17.8USD price target, given the successful launch of the Chaosnet and the planned launch of the mainnet in early 2022 we can expect the use case for Thorchain to only increase over time. Open / Comment

2021-07-22 15:42:15 Open / Comment