Log in

Market Analysis

Weekly Market Insights

Updated: Aug 31, 2024
Published: Dec 16, 2019
0
Share:

We cover $BTC and $ETH. Along with insights into long/short ratios and falling wedge reversal patterns.

Post Feature Image

A summarised version of the weekly market insight report that was shared in 
members group chat.

Bitcoin $BTCUSD

On the daily chart, BTC looks like it is forming a falling edge. We are currently at the 6.8-7K support. The falling wedge was broken and retested last week. Potential targets are 7.9K and 8.5K. Below 6.8K is dangerous territory for the entire market. Stops should be placed just below this level and be sure not use more than 3X leverage.

[caption id="attachment_11766" align="aligncenter" width="2462"]Bitcoin overview BTCUSD overview - daily timeframe[/caption]

CME futures opened with a gap and short positions are increasing at on Bitcoin CME futures. No one knows what is going to happen but this level has a good Risk:Reward. I will take my chance. For 7.9K, R:R = 2.9x For 8.5K, R:R = 5.1x. Fundamentally, Bitcoin halving is less than 5 months away. If you look at the history of halvings. Bitcoin starts to rise 6 months before this iconic event.

The CME Futures Long & Short Ratios shown above are accesible via Bloomberg Platform.

[caption id="attachment_11767" align="aligncenter" width="848"]CME long/short ratios CME Bitcoin long/short ratios[/caption]

Ethereum $ETHUSD

Ethereum broke faling trendline and retested. Price is currently at the support and fib 0.786 level.

[caption id="attachment_11768" align="aligncenter" width="2464"]ETH weekly update ETHUSD overview - daily timeframe[/caption]

I think it is a good buy region for a swing trade. Buy spot or leverage should not be more than 2X. Build a position now and HODL in 2020. You can partially buy in the green zone. I am planning to hold this position. Position sizing and patience are very important. Be careful, do not risk all your account in one trade.

Stop: $120 Min. target: $170

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Market Pulse: Softer Inflation Fuels Fed Cut Hopes
PRO
Market Pulse
Market Pulse: Softer Inflation Fuel...Inflation surprised to the downside, easing Fed pressure and sparking rebounds in both TradFi and BT...
3 min read
Oct 24, 2025