BTCUSD Daily Inflection Point
This is a continuation of the Weekly Inflection Point.
On the daily we're getting close to a crucial area. A downward move here may indicate a large move, correction on the weekly, daily. 16k could easily be hit. There is also the potential for this momentum consolidation to have a breakout leg to 77-88k before a final correction.
Watch for a break above or below the keltner channel. If the stock market is about to tank because WW3, the debt bubble created in 2008-2020, then Bitcoin will get shocked with it while everyone scrambles for PM's.
After maybe bitcoin will be revived when people realize there isn't enough PM's out there, else some world wide digital currency emerges.
Either way I have little hope for bitcoin, unless the NWO backs it because of the transparent transactions that can be traced, blacklisted, non fungible- control. Such a currency is a fools hope and will be used against you when tyranny seeks control over you.
WEF
SP500 Short, Final Leg Down to 200s?I wouldn't be surprised if a major geopolitical event is used to take the blame or worry away from people being down 80% off of their pension funds. Doesn't matter if it's engineered or not, as long as the event is present.
It could come in weeks, but it's a throw-in-the-dart and a take from what I see happening the past few months. Be sure to hug your friends and family, just in case the nuke meme plays out. If it or the event happens, just breathe, save, and survive. It's not gonna be as bad as the fallout games, and I doubt the game master will let things get that bad to the point of losing/relinquishing control. Just merely a shakeout to justify fear and consolidate power in the right direction for humanity considering we're overpopulated.
Hell, the drop could get delayed to the upcoming election cycle, but as we all know the FED is between a rock and a hard place to raise rates and crash the economy or let rates stay low and devalue the USD.
There is a fourth option that could be a game changer which is to usher in a 4IR to stimulate the whole global economy, and systematically counteract/control the incoming crash.
Crypto trojan horse, FTX, played out in an act to both consolidate financial power through CeFi and thwart US competitors from laundering money at the same time. Regardless if it blew up or not, the House gained an edge. Be it discrediting and devaluing crypto against CBDCs or understanding how and where the currency of state actors flows throughout the crypto ecosystem.
11-11
Chapter 11 for FTX
Trade:
Entry - 395
SL - 418
TPs - 320, 280
Bull flag on brentI do hope this does not come to pass, appears we have parallel down in price range of brent crude since 2008.
it would fit into the retarded global warming narrative, 'we have to charge more for fuel- Co2 is destroying the planet, not Soros and WEF Schwab , lithium pools, mining and war.'..
no no no, plant food(CO2) is destroying the plants and the planet
and you, it's you destroying the planet...
bold boi!
aside
2008 Brent was €148 a barrel- we paid €1.20 for a litre of petrol in Ireland
2021 Brent was €137 a battel- we pay €2.20 for a litre of petrol in Ireland- see it's all Russia's fault
Brent is €90, we still paying €1.90
Oil will go higher,
the WEF and CO2 alarmists will make it so
S&P500 Short, The rise of globalizationWith the US. Economy showing signs of a decline in growth be it through the freezing of hiring of new employees, personal savings decline even worse than before the pandemic, sky-high interest rates, etc. and with conflicts arising in Eastern Europe and the South China Sea putting a strain on resources, it brings to question whether or not everything should be globalized to efficiently manage resources like a bee hive, as a means to prevent global conflicts and give everyone a decent standard of living.
SP500 bottom is a long way to go. 5th Generational warfare will likely play out as foreign currencies cash in on this opportunity to establish global dominance IF world leaders decide not to participate/continue plans for a technocracy. Blockchain technology can be the vessel to help govern us w/o bias from tradeoff, taking into account/analyzing the metadata we (individuals and corporations/stakeholders) provide through our thoughts and transactions.
People may hate or dislike the WEF or the Bilderberg Group. Still, I believe they are Earth’s best hope for the continuation of government and civilization even if it means at the temporary cost of human life and individual quality of life via sustainability.
A correction is coming either by force from mother nature or by choice from world leaders. I say this given the scarcity of resources and lack of continuous innovation to efficiently use the available pool of resources to sustain the infrastructure of society as it stands.
Trade
E: 412
SL:450
TP:273
Key dates to take note of:
Sept. 26th
Oct. 28th
Resistance in from 440 to 410 given:
-PA near VWAP sourced from Point of Deflection
-PA near 0.5-0.618 fibs of wave A
-PoC of wave A being defined as the upper limit at 440
Confirmation of signal will happen once we close under 410 on a daily candle. Dates noted earlier are like when volatility ends or begins. HV indi on the daily gives warning of vol expansion soon, but the weekly vol contraction is at play meaning we may distribute/consolidate around 400-430 for the next 3 months under the dates noted earlier to trigger the final nail in the coffin to ~$200
.
BTC will likely consolidate as well during this time staying at a neutral bias until 21k is broken to the downside or it continues to coor. with SP500.
6/10/2022 Look Out Below! Market Selloff Imminent ***This does not constitute financial advice of any kind as I am not licensed for such opinions***
The markets selloff on a shocking CPI print, but this is to be expected. The real shock comes when you realize how far we have to fall. S&P, DXY, and Gold are covered.
The crypto markets may have their underbelly exposed to sunlight as an ominous development is set to take place next Tuesday June 15, 2022 (BTC, ETH, XRP, XLM, ADA, ALGO, SOL).
An error was made during the creation of this video where I quote an article from 2021. The Reverse Repo market has run miles away from when that article was published. But on the heels of the liquidity crisis theme, look on ZeroHedge for "Fed Liquidity Drain is Coming" on March 30, 2022
***This does not constitute financial advice of any kind as I am not licensed for such opinions***
ORBEX: BOJ Triggers Yen Longs, All Eyes Turn to Davos WEF ThoughThe BOJ held interest rates unchanged overnight, however, the policymakers decided to push 2020's growth forecast up on the back of the sales tax introduced back in October. Yen was supported overnight, offering some USDJPY shorts.
Markets wait for the UK’s jobs numbers and also EA’s ZEW release to find intraday opportunities of GBPUSD and EURUSD.
Meanwhile, Trump will speak at Davos' WEF in a few hours on his #impeachment trial opening day. Let's see how this one is going to pan out...
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice