Weekly Crypto Report, air gap


The past week saw BTC reaching its all-time high price and then falling back to earth. All the cryptosphere basically fell accordingly, with top projects clearly suffering behind. The tone was, therefore, cleraly switched in a somehow abrupt fashion. The market fell together with legacy financial markets. Particularly in the US, inflation rising is becoming more and more of a concern, with interest rates rising and outflows from the best performing stocks of the past months. It is not the first time that BTC fell or rise together with the stock market, with last March immediately coming to mind.

Overall, altcoins underperformed BTC as represented by our indexes.


On a wider period, BNB has retraced since last week but it is still vastly overperforming all its peers.


Looking at the last seven days’ prices, the above paragraph on ADA is perfectly represented. Cardano is the only project showing a current level near the top of its trading range, while all the others are in a weakest situation.

Looking at technicals, on a 30-days setting, MACD is depicting the worst situation among all the indicators. The market seems to be in a difficult situation and possibly some rough days are still in front of it. However, not all the indicators stress the same, with Moving Averages flashing the exact opposite in terms of health.

We proceed to have a look at the frequency distributions of the coins’ price in terms of satoshis to have a look at the relative performances. BNB found a fair level after the price excursion of last week, with ADA a candidate for repeating this pattern during the next one.


The views expressed in this report reflect the analysts’ personal views about the cryptocurrencies subject of the report. These views may change without notice and are subject to market conditions. The report is prepared for information purposes only and by no means constitutes a solicitation to investment or disinvestment. All the data are taken from Binance at 14:00 UTC on the 13th November 2020. USD and USDT are used interchangeably for illustration purposes. All the presented valuations, indicators, and analyses are subject to errors. The report is for personal use only and should not be republished or redistributed

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