Short-term bullish?

Everything is said on the chart

I will take profits along what I believe is the last run before a bear market,

I still believe there are many positive factors that will positively affect FTM and the crypto market in the short term.

Also; whales have accumulated
"According to WhaleStats, Fantom (FTM) has been among the top ten tokens purchased by the top 100 ETH wallets this week."
dailyhodl.com/2022/03/26/ethereum-whales-are-accumulating-top-eth-rival-and-dropping-dogecoin-doge-competitor-shiba-inu-shib/

The price might have simply been acting strange recently with those Fork Ponzi farming protocols

Graph of S&P500, Federal Quantitative Tightening (QT), and BTCUSD

It is imperative to know the importance of macroeconomics and such policy. If QT is high, which will most likely be the case due to extreme money printing
miro.medium.com/max/1400/1*r76fxDLGvvI4vqzJUFIFiQ.png

Note

As usual, inflation is measured through the Consumer Price Index (CPI).

On Twitter, I stumbled upon a topic of CPI measurements that the US Bureau of Labor Statistics uses. I discussed ways in which the CPI Index may not reflect the actual prices of consumer goods and services. Goods and services can also be price-controlled by the US government. This can be very dangerous for the US economy but apparently, Covid, supply chain issues, and War conflicts were valid reasons to control.

The graph below shows CPI measured by the UBLS of rental property prices vs Zillow rental property prices (America's leading online rental marketplace)
cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/9568933b-cd92-4883-a81b-ae56f85e7c64_500x274.png

Note

More information about rental property prices:
pomp.substack.com/p/the-economic-data-cant-possibly-be?s=r

Note

The inflation rate is wrong as prices of goods are rising at a higher pace.
But, How is the economy still able to sustain itself at the moment?
Simple answer: We are in an economic Cycle peak

To support my hypothesis I have compared previous the economic cycle peaks unemployment rate. In macroeconomics, an economic cycle peaks when the unemployment rate is low because employees’ reservation wage is high and they will not put in much effort unless the wage is high. Magic, today there is a shortage of labor in low-income jobs (USA).
fred.stlouisfed.org/series/CIVPART

Graph of S&P500 and US unemployment rate

The most accurate mathematical model of recessions (GDP-based recession indicator) is the indicator used, which always triggers the lowest unemployment rate (see above graph, orange flags). Following, the S&P500 retraces roughly 50% every time.
GDP-based recession indicator:
fred.stlouisfed.org/series/JHDUSRGDPBR

Note

We have entered a new era of possibilities with the current world order. This will set FTM and the crypto market bearish in the following months. However, this is setting cryptocurrencies for a tremendous long term.

Trade well, and always take profit!

ssavi

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ssavi