Issue #20
The S&P500 and Bitcoin showcased a strong recovery recently and today both markets find themselves at resistance, both fundamentally and technically.
Issue #19
Traditional markets have been taking a beating. Our February Newsletter and analysis of the impact of war on markets suggest that when considering war alone, most invasion events mark cyclical bottoms. So far this has been holding – by an inch…
Issue #18
The first quarter of 2022 is coming to a close. War in Europe and generational high inflation are our new reality. Markets have witnessed investors looking to risk-off, resulting in an exacerbation of the kind of…
Issue #17
For the past few months, Bitcoin has been driven by macro events like rate hikes and quantitative tightening. This month a new macro event has emerged which is impacting Bitcoin: the Russian-Ukrainian crisis.
Issue #16
Last month was mostly dominated by macro news much like December, namely the expected rate hikes throughout the year and possible quantitative tightening. Bitcoin is still considered a risky asset and its correlation with equities is on the higher side lately…
Capriole’s 2022 Market Outlook
A year ago, we published our “Christmas Special” newsletter. We wrote the following for our expectation of 2021
Issue #15
If you have been around the cryptospace long enough, you have probably noticed how decidedly un-Bitcoin Bitcoin has been this year.
Issue #14
Bitcoin started the month of November strong with a new all time high hitting $69K. But the party did not last long. Within a couple of hours the price retraced 5%.
Issue #13
Bitcoin is up over 30% to date in October, reaching as high as +53% last week. We printed new all time highs last week, but quickly rejected as excessive leveraged long positions piled up. Today we find ourselves at $58.5K.
Issue #12
Last issue, at $47K we noted some concerning metrics, but noted the data remained bullishly skewed into the end of August. Price continued to climb achieving two daily closes above $50K before collapsing through September. We did not expect this drastic a fakeout on claiming $50K.