#CPI Numbers 1.3% m/m HIGHER than expected... #BTC downtrendline break
75 bps baked in , may trigger a 100bps rate hike by the #FED
CPI
USDCNH BULLISH FLAGInteresting possible bullish set up on USDCNH ahead of today US annual June CPI at 14:30 GMT+2
Buy entries should be triggered in case of hourly session close above the downtrend line of yesterday’s high and confirm the break of the bullish flag continuation pattern, with stop loss below today low at 6.7220 and target around 6.7744, giving an overall R/R of 2.
★★★★★ XAUUSD -touch the key supportAt the daily chart, XAUUSD had touch the key support area around 1724, due to market oversold, maybe we can see that price rebound. We can buy limit at 1725 until CPI,stop loss at 1714 and target price at 1745.
BTC could be in for a relief bounceCPI data is coming out soon, and i believe that the whales are looking to scare people out of their positions. Expect volatility and wicks.
If we can hold above 19200 I think we will have some upside
The market cipher b is having higher lows on its green dots and hills.
The red money flow could possibly have peaked to the lows, IF this is the case i believe that we will have the relief bounce. invalidation of theory if the money flow makes a lower low
Expected cpi is 8.8%
Bitcoin Trend Analytics July 13th - waiting for CPI statsBTC still runs within the box and forms a consolidation triangle in the downward channel. Monitor now the lower edge of the box, breaking down from which cause a further slide.
The box: $22653.20 - $18698.35
The key support of the month slipped to $17848.49, breaking down from which lead to a slump.
Congestion range: $22057.39-$18698.35 (the first range to breakout), centering $20455.68.If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
$btc must holdbroke through and retested each level we had marked.
green box is an absolute must hold.
cpi coming out tomorrow. fake leak showed 10.2%. the tin hat in me wants to think it was strategically planted to make the real print, which will likely be higher than anything previous, not seem 'as bad.'
all is fine as long as we don't lose the green box low.
anything under that is sketch to long.
AUD - ST - Where to next?The heat is on!!! Again, amazing moves!
Triangle formation, we have CPI coming tomorrow which is expected to be as strong as it is globally, keep an eye on Aussie break out to either direction. However, be careful of false break outs as well as that check HT frame for further confluence.
All the best,
TJ
BTC 12/7/22 pre-CPI anticipationMarket is currently at key level, waiting for CPI data to release on wednesday
⚡️ #BTC OUTLOOK - 12/07 ⚡️⚡️ #BTC OUTLOOK - 12/07 ⚡️
80:20
Bearish:Bullish
Bottom of range holding support with potential bearish CPI inflation data coming on Weds. Alot hangs on this
Bullish Play
- Hold Trendline support and rise back to top of range at $22.9k
Bearish Play
Losing the trendline support 19.6k will drop to 18.6k and then 17.5k. Max pain will be losing $17.5k
CPI data is likely going to be the decider here.If inflation has peaked (which i personally dont see happening just yet) the stock market could have formed a local bottom making it extremely likely BTC makes a nice move up before coming back down by Q4.
Like a bouncing ball on a downhill!Like a bouncing ball on a downhill, equities have bounced hard after repeated selloffs but the general momentum remains downward.
With Consumer Price Index (CPI), Retail Sales, Initial Jobless Claims & Consumer Sentiments numbers coming out this week, markets are likely to be jittery. Any downside surprises could spur a sharp reaction downwards.
The S&P 500 E-mini Futures have been trading in a descending channel since March with current prices trading near the channel resistance. Additionally, prices have been rejected off the 23.6% Fibonacci retracement level twice.
The strong technical resistance levels as well as potential negative economic data surprises in the coming week warrant a short position over the short term.
Entry at 3842, stops at 4025. Target at 3645 & 3500.
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
Bitcoin 12/7/22 prediction explainedMarket has high directional uncertainty due to CPI data on wednesday, it would be wise to stay risk off and only trade strong level confirmations
Bitcoin 12/7/22 predictionMarket has high directional uncertainty due to CPI data on wednesday, it would be wise to stay risk off and only trade strong level confirmations
DXY/CPI has never closed on the monthly above the 200 MAAnd here is $DXY/CPIAUCSL hitting the ceiling. It has never had a monthly close above the 200 month MA (blue line). We are right at the boundary. Is this the high for the dollar or do we pierce the veil?
(AAPL) Apple Analysis With the RSI way above 60, suggesting AAPL is over bought and a Bearish Engulfing pattern seen here in the red circle at EOD going into the weekend, I'm thinking a big reversal next week. Sellers stepping in before CPI report, FOMC meeting, and Apple earnings. Leave any thoughts in the comments.
