Turning point or BullTrap! 14 July 2022, the day after tomorrow
Updated
📈 Turning point or BullTrap! 14 July 2022, the day after tomorrow
Retail sales rose 1.0% in June, the most robust pace in three months, and above expectations for a 0.8%.
Following the report, economists at Jefferies pointing to the fall in gas prices, signaled optimism for a further boost in consumer spending that could set up the economy “for much stronger GDP growth in Q3.”
📝
Recap since this day:
https://www.tradingview.com/x/e1XOvYOS/
https://www.tradingview.com/x/Z6teGtUz/
https://www.tradingview.com/x/AvMSxJAP/
https://www.tradingview.com/x/xNyzjx3z/
https://www.tradingview.com/x/Xlljkn43/
https://www.tradingview.com/x/hGQ9RbIu/
https://www.tradingview.com/x/ubEsudQ9/
Retail sales rose 1.0% in June, the most robust pace in three months, and above expectations for a 0.8%.
Following the report, economists at Jefferies pointing to the fall in gas prices, signaled optimism for a further boost in consumer spending that could set up the economy “for much stronger GDP growth in Q3.”
📝
Recap since this day:
- Dollars American lost 2.30% since the 14 July
Crypto market +20% since 14july 60daySMA= 1,24T
BTC +24% since 14july , 60day SMA=28k
ETH +60% since 14july, 60days SMA=1,9k
BTC puell multiple goes from 0.34 to 0.52, since 14 July, miner profitability has increased by 52%, and still below 0.64 marking the end of the bear market (DCA zone still on 24 July then)
12 days until the next waning crescent (5 august), BTC can go up another 28%
Euro/USD has de-peg on the 14 July felling below the 1$ mark at 0,99500€\1$ and went up 3% since then
USOIL touched the 0,618 Fibonacci lines at 91$ the barrel (golden ratio) the 14 July. A rebound is expected if we touch this price multiple times in the coming days
TSL +24% since 14july
https://www.tradingview.com/x/e1XOvYOS/
https://www.tradingview.com/x/Z6teGtUz/
https://www.tradingview.com/x/AvMSxJAP/
https://www.tradingview.com/x/xNyzjx3z/
https://www.tradingview.com/x/Xlljkn43/
https://www.tradingview.com/x/hGQ9RbIu/
https://www.tradingview.com/x/ubEsudQ9/
Note
(Typographical error) Euro /USD has de-peg on the 14 July falling below the 1$ mark at 0,99500€\1$ and went up 3% since then
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