Deflation has started 2022. Dollar on the rise to previous highs WTI: Deflation has started 2022. Dollar on the rise to previous highs
WTI has no room to be in Extended Range any longer. With Stocks and inflational products keeps going lower.
Dollar domination is just getting stronger and VIX is still supressed relative to history. All this is about the breakout to the upside.
Oil will reach 65 WTI price this month because of producers price is at 65. This price will get consumer back in rough times. Consumer spending in oil/gas is at lowest level.
Remember supply and demand. Oil has been trading in static trading range, meaning oil price will go lower in time not higher. There is too much oil stored and prices are just pumped by
inflation and war. Everything that has inflational status will go down hard still. See 50-70% drop still in stockmarket and so with energy prices. 10x natural gas is not sustainable either.
Be ware and take care.
Best Regards
R.B
2022
Overview of Cryptocurrency Volatility - September, 2022.Analysis of the volatility index in September on different timeframes.
Currency - US Dollar (Calculated using Tradingview), or analogues of USDT, BUSD.
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. LUNA - 1237.95% (High&Low: 2727.19%)
2. ANC - 1189.61% (High&Low: 2402.57%)
3. RVN - 931.56% (High&Low: 2068.59%)
4. HNT - 817.05% (High&Low: 1703.06%)
5. REEF - 797.21% (High&Low: 1689.16%)
6. DGB - 764.07% (High&Low: 1977.38%)
7. LDO - 744.15% (High&Low: 1542.13%)
8. TRB - 692.71% (High&Low: 1374.5%)
9. INJ - 687.04% (High&Low: 1349.52%)
10. GAL - 673.92% (High&Low: 1254.45%)
11. STG - 671.25% (High&Low: 1386.23%)
12. IOST - 669.77% (High&Low: 1695.57%)
13. CHZ - 637.55% (High&Low: 1364.21%)
14. OP - 637.49% (High&Low: 1265.55%)
15. ATOM - 632.1% (High&Low: 1346.44%)
The coin showed the worst result: TRX - 243.47% (High&Low: 721.14%)
Top 15 Coins (1 day):
1. LUNA - 418.22% (High&Low: 846.11%)
2. HNT - 273.06% (High&Low: 460.79%)
3. ANC - 263.11% (High&Low: 616.52%)
4. RVN - 252.21% (High&Low: 484.85%)
5. TRB - 182.52% (High&Low: 352.18%)
6. REEF - 177.74% (High&Low: 393.28%)
7. ATOM - 150.09% (High&Low: 304.98%)
8. EOS - 146.22% (High&Low: 275.49%)
9. PEOPLE - 139.43% (High&Low: 271.83%)
10. RSR - 138.75% (High&Low: 290.9%)
11. APE - 135.16% (High&Low: 279.13%)
12. CRV - 131.15% (High&Low: 252.33%)
13. LDO - 129.58% (High&Low: 327.44%)
14. INJ - 129.45% (High&Low: 311.36%)
15. BTS - 129.17% (High&Low: 318.53%)
The coin showed the worst result: TRX - 38.3% (High&Low: 100.3%)
Top 15 Coins (September):
1. XRP - 46.41% (High&Low: 74.98%)
2. REEF - 39.68% (High&Low: 91.92%)
3. LUNA - 38.94% (High&Low: 330.91%)
4. RSR - 31.72% (High&Low: 60.06%)
5. KNC - 31.47% (High&Low: 57.9%)
6. COMP - 31.32% (High&Low: 47.1%)
7. ENS - 28.76% (High&Low: 36.35%)
8. BAL - 24.65% (High&Low: 42.79%)
9. SPELL - 24.18% (High&Low: 39.08%)
10. RVN - 24.16% (High&Low: 172.15%)
11. AUDIO - 23.45% (High&Low: 40.43% )
12. JASMY - 23.44% (High&Low: 47.45%)
13. ALGO - 22.47% (High&Low: 44.75%)
14. GALA - 20.2% (High&Low: 30.32%)
15. CRV - 20.05% (High&Low: 38.37%)
The coin showed the worst result: DENT - 0% (High&Low: 27.77%)
Thanks for your attention!
Bitcoin Inverse Cup and Handle pattern 2022Could we be seeing an inverse cup and handle pattern forming here? Looks pretty close to one if you ask me. We have this trendline that has yet to be broken since the high of $69k for Bitcoin back in April 2021. I have a hunch Bitcoin will possibly try to break this yellow descending trendline and then make for a serious correction to the downside possibly down to the $12k range. Gareth Soloway is the one I saw this trendline with but i have not seen anything on this cup formation as of yet.
ETH - Relief Pamp, then Damp? I hate trading ETH sometimes bc this one could go either way...
ETH looks like it's going to have a little relief rally before it retests 1280-1320 (which is also support and the golden pocket)
Relief Rally
Entry = 1275
Stop Loss = 1210
Target 1 = 1420 - 1450
Target 2 = 1580 (Point of Control)
after that... who the feck knows... lol
there are 2 possible scenarios though...
1) Pa-Pa-Pamp it up
If price holds the golden pocket area, I'll be looking for a confirmed break of the descending triangle
if this happens I'll be looking for longs probably around the 1420 area, but we'll see
2) Damp it, Damp it good
if price doesn't hold the golden pocket area, and we get a confirmed break of the triangle, then price is going to retest the 890-1000 area
if this happens, short that shit
Entry = 1215
Stop Loss = 1280
Target = 1000 - 880
with everything that's going on with the merge "success" and how centralized ETH is now, it's hard for me to be bullish on this one. but then again, it could also hit the 890-1000 area and then bounce hard from here too. we'll see though. there's just not enough data yet to see if the bottom is in in
Sept 22nd - LINK - Possible Long if breaks triangle1D tf
Looking to see if LINK will break the descending trendline
Can enter now at 6.80 - 7.10 area with a SL at 6.18
OR
can wait for price to break and hold at the descending trendline at around resistance at Target 1 (7.622 area)
Target 1 = 7.622 area
Target 2 = 9.530
Target 3 = 12.287
Recessions and the Flight to SafteyEven though the great recession was ongoing for almost a year prior to being dated by the NBER, it was the announcement itself that started the massive migration from stocks to bonds. The purple square encapsulates this time range. It is best to enter this position before an announcement, which some market participants did.
At the current growth rate, we will be in a recession anywhere around October - January, after mass layoffs result in unemployment across the economy. The NBER has responded more quickly in dating the more recent COVID-19 2020 recession, which lasted only a few months and announced around four months after it started.
Pig Market: Why IDC about the CPI8.5 prior
8.1 expected
8.24 cleveland fed estimate
??? actual
Everyone is going crazy about this CPI data like its gonna change anything. We already know inflation has peaked and will start to decline. It's doing that because the economy is slowing. The fed is still hiking and the inflation isn't going to go away fast enough for a soft landing. The markets may adjust to the data tomorrow, but it's not going to change our destiny: a recession by end of year.
Find the next peak, sell it, or short it. This moon mission is cancelled and you'll be stranded in space.
A Minsky Moment is ComingThe economy has been going into the toilet for a while now. All the NBER coincident indicators are trending down to 0% growth. Some leading macro indicators have actually flashed negative. Housing volume is crushed, the treasury has started pricing in recessionary conditions while the credit market has been twiddling their thumbs expecting a soft landing (even bitcoin foolishly climbed to 25k on distorted hope, and some think that's going to happen again because of Elliot Waves and Fibonacci, the prophets of TradingView). But that is now changing, with the biggest drop still to come, and lessons will be taught all around.
We will probably have mass layoffs in Q4, based on the condition of deteriorating employment. The non-farm payroll survey, which does not survey households, is still downtrending in spite of double or even triple counting people holding two or three jobs as two or three employed. Household survey is dropping. People are starting to work less hours, which means there is trouble ahead for employment and the soft landing narrative.
We are still waiting for that turning point where the credit market and broad economy realizes a recession is unavoidable. And now, over the weekend, retail finally gets a headline it can work with: Bed Bath and Beyond CEO jumps to his death. I'm not going to short this index, its still too risky and I will keep my existing crypto shorts while rolling over everything else into USD and TLT; but I can see why one would short it. Things are rapidly coming to their crescendo, and the credit market will resume pricing in reality soon, if not on Tuesday.
2022: SPY woke up after labor day, wearing white, and chose violence.
Happy trading, fart knockers.
BITCOIN MAY FALL TO 10K IN Q4 2022This is a follow up to my previous idea
I posted an idea a few months ago about how BTC likely won't go any higher than 200 DMA, and so far it has been following my outlook very closely.
Bitcoin bearish outlook using 2018 data.
I have been closely observing 2018 bear crypto bear market and have been studying it since last year.
There are quite a lot of similarities between 2022 bear market and the 2018 bear market. If you look at the charts, some of these are quite obvious such as
- Blow off top in Q4 2017/2021
- A little rally in spring 2018/2022
- Couple red months in a row in Q2/Q3 2018/2022
- Dead cat bounce in summer, green monthly candle in 2018/2022
So now we will look at what the BTC price action may look like if it continues to follow 2018.
- The next couple months, like Q4 2018, would see the bottom of this bear market and have prices get to levels that could take many people by surprise.
- November/December 2018 saw the market bottom out and gave a great opportunity of a life time, this may be the case again.
- Also there are more factors here than just following 2018, such as:
- More interest rate hikes
- Negative GDP
- Quantitative tightening
- Inflation continuing to get worse with soaring prices
- Another possible covid variant
- More countries have economic collapses
- Gigantic stock market crash, perhaps as much as 50% as per Michael Burry's outlook
- Traders and retail choosing to cash out to pay their loans to avoid higher interests, or to afford basic needs with higher prices
- People losing their jobs and more getting laid, having to take out their investments to support their families
I have only charted upto Jan 2024, simply because it may be a bit harder to predict what happens after. In 2020 we got the covid crash, odds of another unpredictable global pandemic in 2024 are very slim.
Also, the fed has mentioned that they could possibly start printing again as early as 2024, which also happens to be very close to the Bitcoin halving.
And since we are making this based on past BTC trends, the halving always happens to slowly kick off the next bull market.
To sum up:
A) Bitcoin may fall as low as sub $10,000 in Q4
B) Mini bull market in first half of 2023, similar to 2019
C) Resume bear market in second half of 2023, similar to 2019
D) Getting to end the bear market in early 2024 and starting the next big bull market, similar to 2020
BINANCE:BTCUSDT BITSTAMP:BTCUSD BINANCE:BTCUSDTPERP COINBASE:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD INDEX:BTCUSD BNC:BLX NASDAQ:BLX BITMEX:XBT FTX:BTCUSD FTX:BTCUSDT BYBIT:BTCUSDC BYBIT:BTCUSD KUCOIN:BTCUSDT BITFINEX:BTCUSD
ETH bottom set in?Hello all,
Just speculation for fun from a fellow beginner and ETH holder.
We seem to be forming a pattern similar to 2018s Cycle bottom.
2018s cycle went down 94% from ATH to bottom. This cycle we've gone down around 70% from ATH.
if cycles were to somewhat repeat we could be in for another 60% to 80% correction at the current price in the worst case scenario OR a 180% increase throughout late January / Early February of 2023 which would mean ETH at around 4k with room for growth if macro economics don't deteriorate too much.
What do you think?
Hidden altcoin season 2022?Check it out for yourself and let me know
Altcoin Season 2022 (GET IN HERE)
- 40% Range keeps backtesting upward (inversed chart)
- Price is trapped coming weeks
OK. Forget the nerdy technical stuff. This is the real shit.
ALTCOIN SEASON 2022
BTC GOES SIDEWAYS
ALTCOINS EXPLODE COMING MID-SEPTEMBER upto >>>>> NOVEMBER (MY CRYSTAL BALL TELLS ME)
What does this mean?
BLOW OFF TOP ALTCOINS IS YOUR EXIT SIGN IN THE MARKET. BETTER TAKE PROFITS ON THIS RUN.
Weekly SPY analysis for next week, support at or around ~420Hello once again, looking at a breakdown of last weeks action on SPY I think we find a lot of buyers at the 420 level next week and see a solid 1%+ gain for the full week.
What is driving the market? At this time Central Banks are issuing debt and the US seems to be doing the same to combat inflation.