#Bitcoin calm before the storm. Sunday review. We have a potential bear structure that has formed
and ready to trigger
Probabilities suggest we are in for lower prices cross all risk #assets
Should you #HODL
having experienced crypto winters, kicking yourself for not getting out whilst still only 50% down was an extremely painful experience
BUT if you are excited about about buying cheaper coins, you are probably playing this market with great skill!
Ukraine
Institutional Acceptance, Should We Add Buy Orders?Weekly Time-frame
Technology mogul and Apple co-founder Steve Wozniak has stated that he believes Bitcoin is en-route to hitting the much-coveted $100,000 Price Point. -Zycrypto
This is a bullish news for our Bitcoin, knowing that apple co-founder is a Crypto investor. Weekly time-frame is still in its support zone holding this line and closing this area is still bullish for Bitcoin.
1D Time-frame
Greed and fear index is in #21 which is bullish for Bitcoin. Bottom is still at $38,448 then hoping to pump to the upside.
4H Time-frame
Our Double Bottom seems not able to breakout to the upside, we are about to make triple bottom which is super bullish. The bottom will be at $38,500. AO is still Bearish, RSI also Bearish. We are outside the Ichimoku Cloud which is also Bearish but once the new candle opens we have more to the upside.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
GDX LOOKING FOR A MOVE UPWARDSAs the title indicates, I'm looking for another decent-sized move in precious metals. The war in Ukraine, bitcoin gaining support from more and more regulators, climate change/green energy initiative and the oil crisis (if there is one) are all serious things that could put a lot of pressure on the U.S. dollar. I like gold better than cryptocurrencies that are likely to be very volatile and uncertain.
Gold has been around for thousands of years for a reason. A sharp rise in gold prices are to be expected, but when have we ever witnessed gold losing 30% overnight? The answer is never.
Seeing a return from an investment in gold is all about timing. Obviously you don't want to be invested to heavily in gold when the equities are performing real well. On the other hand, when the market is uncertain it's good place to go.
GDXJ, GLD.. my bullish stance is on the metals market, silver and fuel metals like uranium and lithium, of course NICKEL!!!! Palladium seems to be doing well also.
Good Luck!
What Will Happen to Crypto During a Recession or Stagflation?Inflation in the US markets hit 7.9% last month - while the Federal Reserve was claiming that inflation was "transitory" all of 2021, realizing the US dollar may be in risk of systemic collapse they finally started to consider the possibility of raising interest rates (it's been near 0% for almost a decade now) -- arguably their only weapon to combat inflation at this point. (As a reference, Russia's interest rate jumped to 20%+ after their stock market collapsed after their invasion of Ukraine in late Feb.)
Increased interest rates means higher interest rates on loans, which is good for savings but bad for investment since loans become more expensive to do. Experts are predicting that a recession -- possibly a global recession -- is looming in the horizon.
What does this mean for crypto? Given that crypto's massive jump in 2020-2021 took most people by surprise there isn't too much reliable data out there but there's a few things we might be able to discern based on a few data points:
- Crypto adoption tends to be high in countries with unstable economies; the rankings vary from study to study but adoption rates in Ukraine was high, even before the war. (The US and Russia usually in the top 10.) It's interesting to note that the inflation rate in Ukraine in 2015 was almost 50% -- which makes assets like Bitcoin and other currencies much more appealing. If the major superpowers' economies become unstable, we may start to see similar patterns emerge as a result. (Japan's inflation rate has been very low for decades and their crypto adoption rates are also very low, despite being relatively friendly to the technology itself.)
- In terms of raw numbers, India has, by far, the highest number of people who own crypto (~100 million+) but their inflation rate has been climbing gradually in a similar pattern to the US in 2021. (With the officials telling people the same exact story as the Federal Reserve in the US last year -- "don't worry, it already peaked." 😂). In the same vein, most developed countries are in the same boat as the US right now as the disruptions on the global supply chain (due to COVID restrictions) continues to push inflation higher almost everywhere.
- In the short/medium term, the proposed solution by the Federal Reserve (a marginal 0.25% interest rate increase in March) isn't very likely to make that much of a difference until the Feds start to get more aggressive with the hikes. (Which they have considered as a possibility, but are wary of announcing since they know it may trigger a downturn in the markets.) Inflation is very likely to continue for the rest of 22', in other words.
- As of 20-21' lots of money has been thrown at crypto, DeFi, metaverse, and NFT projects both in business and personal deals -- many of them tied to traditional contracts in USD or fiat. (Although typically ill-advised, some people have been taking out cheap loans for crypto.) As fiat currencies become weaker, these fiat-crypto hybrid contracts are less likely to become common place, but will still make "pure" crypto deals more appealing. We might be able to estimate how much fiat money is tied to crypto assets based on market presence - BTC is the highest, by far, followed by ETH, DOGE, ADA, SHIB, XRP, DOT, SOL, etc. Coins that relied on marketing dollars to stay afloat (since it's currently only spendable in fiat money) are likely to be the most vulnerable.
- During bull runs like the ones we've seen in 20-21', marketing/hype tends to reign supreme since cheap loans and rising prices tends to create a short-term market for pump-and-dump projects. During recessionary periods, however, crypto projects with more utility is likely to come out ahead. (As Vitalik Buterin says -- he "welcomes" a crypto winter so that more serious projects can finally get the attention that they deserve.) But we don't really know if a weakened USD or fiat as a whole really will lead to a "winter" -- there is also the chance that fiat money will run to crypto as a refuge, pumping up the price as a whole. Traditional finance outsizes crypto by a huge margin, after all -- all it takes is a small % of the former to affect the latter in an exponential way.
Japanese yen falls to five-year highThe US dollar continues to pummel the Japanese yen. USD/JPY pushed above the 117 line earlier today for the first time since January 2017. USD/JPY is up 0.61% on the day and has recorded a massive gain of 1.76% this week.
We continue to see sharp volatility in the currency markets and the Japanese yen has not been immune to the turbulence. Risk apprehension has been fluctuating, depending on developments in the Ukraine crisis. Like the US dollar, the yen is also considered a safe-haven currency, but with the US economy in much better shape than that of Japan, the US dollar has been the big winner from the recent turbulence we're seeing in the markets. As well, commodities are priced in US dollars, so the recent surge in commodity prices has boosted the US dollar. If the Ukraine crisis worsens and commodity prices continue to soar, it is entirely feasible that the USD/JPY will continue its upswing and break above the 120 line.
In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY. This matched the forecast and was up from 7.5% beforehand. With inflation running at 40-year high, there's little doubt that the Fed will raise rates at next week's meeting, most likely by 25 basis points.
Japan ended the week with mixed numbers. Household Spending for January showed a sharp rebound of 6.9% YoY, up from -0.2% in December and above the consensus of 3.3%. However, the BSI Manufacturing Index for Q1 came in at -7.6, down from +7.2 in Q3 and way off the consensus estimate of +8.2. The BoJ is expected to maintain a dovish stance, despite rising inflation. On Friday, a senior BoJ official stated Japan's current and economic price conditions would make it inappropriate to respond with monetary tightening.
USD/JPY continues to climb and break above resistance lines. Earlier in the day, the pair broke above resistance at 116.27 and 116.72. The next resistance is at 117.33.
There is support at 115.56 and 115.11
Safe Haven Inflows Still Lifting Gold (For Now)Ukraine woes still weigh on global markets and although gold has retraced significantly, it is still hanging onto the high 1900's. Positive news is incoming as we compose this thread including Putin acknowledging "positive undertones" in Ukraine talks . We have given up the 2000's after touching highs at 2070. After finding support at 1982, we appear to be making a run for 2000 again, currently testing 1999 and hovering about 1995 or so at the time of this writing. The Kovach OBV is drifting downwards, suggesting a slight bear bias, but we have a lot of support levels below to buoy the price, including 1982, 1977, 1973, and 1964. It is doubtful we will slice through all of these, but watch the vacuum zone below to 1936. If we get a lift, then 2029, 2048, and 2070 are the next targets.
Dumping? Or Time to Buy The Dip?Weekly Time-frame
Bitcoin about to touch the previous low of $37,000 before it pumps to $45,000! Order block waiting at $35,400 also a bouncing area if $37,000 breaks. Greed and Fear index is back to #22 which is Bullish for the Bitcoin.
1D Time-frame
Bouncing Area in 1D Time-frame is $37,118, rejection area of $42,000.
Awesome oscillator is now continuing with its up-trend. so we can see the bottom soon. We got rejected in the cloud now we are below the cloud again consolidating in the support area.
4H Time-frame
Order Block is waiting at $37,118 as an entry for long. FIB lines area supporting this support resistance area.
AO is still in retracement, no sign of bullish yet in 4H TF. we can expect more to the downside.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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S&P vs OilToday we have a very simple idea. When to invest in S&P 500 vs Oil.
The white centerline is the center of the logarithmic price distribution.
The red line at the top is +2 standard deviations: unlikely events in favor of Oil will put the price here.
The green line is the opposite, -2 standard deviations: unlikely events in favor of the S&P will put the price here.
In general, oil has gotten cheaper over the last 125 years compared to the S&P, hence the overall downtrend.
I've put some historical events in the chart to portray what might have "caused" the shift, however it's important to note that correlation is not causation, and there are MANY other factors at play here in addition to the events I've listed. There are many events that we must assume we don't know about that have took place. We simply want to observe the results. Besides, the chart doesn't have nearly enough room to post about all events which could have been related :p.
Let's look at the percentage increases in the chart that took place when the price breached the green line, in order to set some future expectations:
Oil vs S&P price increase based on HLC3 candles (average of high, low, close):
1917 to 1921: 760%
1929 to 1949: 480%
1969 to 1980: 1380%
1999 to 2008: 1070%
2020 to now : 420%
If you look at these percentages increases, one might conclude that we might be near the top. However, we breached far below the -2 stdev line, and momentum has reversed sharply. Not only that, upward momentum in this area tends to carry us PAST the centerline (white line) historically speaking. So, expecting this to be the top is quite generous, especially if you consider that the price of oil was below 0 for the first time ever in 2020! In my opinion, it's not crazy to think we could go 3-4x from here, to 0.75 or greater, especially if you consider that OPEC has no plans to increase production, which produces some of the cheapest oil on Earth.
This chart only covers events like today, where we are recovering from a -3 stdev event, and does not cover the inverse scenario of where the S&P recovers. I feel like that deserves a whole other chart as I didn't want to make it look too crowded.
Thanks for taking a look and don't forget to hedge your bets!
Pound falls, US inflation jumpsGBP/USD has reversed directions on Thursday, giving up most of the gains from a day earlier. In the North American, session, GBP/USD is trading at 1.3132, down 0.41% on the day.
In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY. This matched the forecast and was up from 7.5% beforehand. With inflation running close to 8%, a rate hike is a virtual given at next week's Federal Reserve meeting. What happens after that is less clear, as the Fed has to worry about stagflation, given the massive upswing in oil prices. The markets had priced in six rate hikes this year, but the turbulence due to the Ukraine crisis and the staggering rise in oil prices will translate into the Fed being more cautious about future rate hikes.
Earlier today, a meeting between the foreign ministers of Russia and Ukraine earlier today did not result in any breakthroughs, although the sides agreed to continue to meet. The fighting continues, and with the Russian invasion force appearing to have stalled, there are fears that Russian President Putin could double down in frustration and hit more civilian targets. This would exacerbate the massive humanitarian crisis due to the Russian invasion, which has already affected millions of Ukrainians.
The markets will be treated to a data dump from the UK on Friday. The highlights include the January reports for GDP and Manufacturing Production. GDP is expected to jump 9.3% YoY, following a 6.5% gain in December. Manufacturing Production is forecast to accelerate to 3.1%, compared to 1.3% beforehand. Strong readings would be further indication that the UK economy continues to improve, with the next BoE rate meeting just a week away.
GBP/USD has broken through support at 1.3146. Below, there is support at 1.3057
There is resistance at 1.3249 and 1.3380
Pound falls, US inflation jumpsGBP/USD has reversed directions on Thursday, giving up most of the gains from a day earlier. In the North American, session, GBP/USD is trading at 1.3132, down 0.41% on the day.
In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY. This matched the forecast and was up from 7.5% beforehand. With inflation running close to 8%, a rate hike is a virtual given at next week's Federal Reserve meeting. What happens after that is less clear, as the Fed has to worry about stagflation, given the massive upswing in oil prices. The markets had priced in six rate hikes this year, but the turbulence due to the Ukraine crisis and the staggering rise in oil prices will translate into the Fed being more cautious about future rate hikes.
Earlier today, a meeting between the foreign ministers of Russia and Ukraine earlier today did not result in any breakthroughs, although the sides agreed to continue to meet. The fighting continues, and with the Russian invasion force appearing to have stalled, there are fears that Russian President Putin could double down in frustration and hit more civilian targets. This would exacerbate the massive humanitarian crisis due to the Russian invasion, which has already affected millions of Ukrainians.
The markets will be treated to a data dump from the UK on Friday. The highlights include the January reports for GDP and Manufacturing Production. GDP is expected to jump 9.3% YoY, following a 6.5% gain in December. Manufacturing Production is forecast to accelerate to 3.1%, compared to 1.3% beforehand. Strong readings would be further indication that the UK economy continues to improve, with the next BoE rate meeting just a week away.
GBP/USD has broken through support at 1.3146. Below, there is support at 1.3057
There is resistance at 1.3249 and 1.3380
Oil Slides off OPEC Production CooperationOil has retraced sharply off news that OPEC is planning to oblige the demands of the west and increase oil production . We are still holding onto the $100's, but dipped by double digit percentages down to 106, where we found support. Currently we are seeing a nice pivot back through 112, with the price currently in the vacuum zone between 112 and 116. Russia is consistently in the top 4 oil producing nations, so boycotting them will place further constraints on existing supply issues. Therefore, any selloff in oil is likely transitory. It is not likely we will give up the $100's any time soon and $101 is a likely floor for now. If momentum reignites, then $116 and $122 are the next targets before $132.
Oil Effects.Weekly Time-frame
Still bearish and we are still need to fill the long wick to the upside of the previous weekly candle it might not close there but it will have to reach the $44,093 top before coming down again. We are forming symmetrical triangle that can either break out to the upside or downside. With the current events right now we are more closer to short position. once S&P 500 index, Russel 2000 index dumps we can expect more dump for Bitcoin like retesting the 200 Moving Average in weekly time-frame.
We just need to watch out to the news about our stock market.
1D Time-frame
We are getting closer to our support area of $39,259, $38,352, $37,197. These are the supports where we would most likely bounce. Our Awesome Oscillator (AO) is bullish so no worries at the moment we printed Green Volume signalling to the upside.
4H Time-frame
The area below 4H 200 MA, which means we are back to bears. What most likely will happen here is a test to our support at $39,254 if it holds it will bounce here, if not it will retest $38,350 if it holds we will bounce there or retest at $37,197 and bounce from that area. that support area are most likely we can open long position.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
What you need to know to trade wheat futures in 2022Fears of the impact of Russia-Ukraine war on global inflation and recession have escalated in recent weeks and another major issue looming over the horizon are concerns that the conflict could result in a hunger crisis as both countries account for over a quarter of the world’s wheat exports.
Wheat prices recently surged to a 14-year high, with the price of a bushel of wheat soaring more than 50% to $12.94 on Monday since the Russian invasion of Ukraine began. The price movement on Monday hit the Chicago Board of Trade’s limit for another day.
Reliance on Russia and Ukraine wheat exports
Russia and Ukraine are two of the world’s largest exporters of wheat, accounting for about 30% of the global total. In 2019, Russia was the world’s top wheat exporter, while Ukraine came in fifth next to the US, Canada and France, according to data from the Observatory of Economic Complexity.
The disruption in both countries’ grain harvest and trade could have catastrophic impacts on their biggest buyers in the Middle East including Egypt, which depends on Ukraine’s wheat imports to produce subsidized bread to its poor population and other staples.
These fears intensified on Wednesday after the Ukrainian government said it will ban exports of key agricultural goods like wheat, corn, salt, meat and oilseeds to maintain market stability in Ukraine and “meet the needs of the population in critical food products.
Looming food shortage
Many nations rely on Ukraine and Russia for grain and oilseeds and the crisis could exacerbate the supply of food especially at a time when low-income countries are still reeling from the COVID-19 pandemic.
Some economists have warned that the war could lead to a repeat of the Arab Spring in the past decade when social unrest and armed rebellions led to soaring food prices.
"The fallout from Ukraine will spread across the globe. Russia and Ukraine together export 30% of the world's wheat. As this war heats up, many countries will face: soaring food prices, catastrophic hunger & growing instability,” David Beasley, the head of the United Nations World Food Program said.
Farmers in Russia and Ukraine are tipped to reduce their planting area in the coming seasons as the war intensifies, placing the pressure on other exporters to boost production.
China, India, US work to fill in the gap
Although Russia and Ukraine’s grain trade have not been technically included in sanctions imposed by Western countries, many importers have turned to other sources like China, India and the US to make up for any shortfalls, according to ING Bank, over fears of supply disruptions.
“We would expect to see strong plantings from US farmers over the spring, leaving the potential for an increase in US spring wheat, corn and soybean area,” ING’s head of commodities strategy, Warren Patterson, said in a note on Monday.
Volatility in wheat markets
The lingering crisis in Ukraine has caused wheat prices to be highly volatile in recent weeks as countries work to ensure grain imports to feed their population. The CBOT soft red winter wheat, KC hard red winter wheat and MGEX spring wheat all reached their daily trading limits for another day on Tuesday, while US wheat futures snapped a six-day winning streak the same day.
Investors have been hesitant in making big position moves for the second week in a row last week despite the market volatility, Reuters said.
In the week ended March 1, commodity funds axed only 11,000 futures and options contracts from their CBOT wheat net short, down from estimates, the news outlet reported earlier this week, citing data from the US Commodity Futures Trading Commission.
"Huge speculative interest has flowed into wheat that may have pushed futures past reasonable levels… The export market is difficult to define with many countries banning exports and tenders being canceled,” CHS Hedging was quoted by Bloomberg News as saying.
EURUSD LONGS Yesterday!Yesterday there was so much opportunity in the market. If you can understand how to identify liquidity and how to identify premium and discount zones where to buy, Your strike rate will be high with max risk/reward ratio. I took 1 trade yesterday which i Made 19%. (see my last post). However there was multiple entries after my trade. If you have a day job i would recommend trading of the 5min Order blocks. This is simple to follow and can make quick % in a short time. I will post the 5min entries below.
AUDUSD - Possible Bearish ReversalHere is a new SELL Scenario for AUDUSD, i expect the dollar to continue to be the safeheaven
There will be no peace soon with the war between russia an ukraine
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
Wallstreets wants the Q's weekly EMA 200 again?Currently we are inmiddle of one of the most chaotic times, and stockmarket is starting to price in some serious fears into the market.
Just eventually be prepared, that wallstreet might be aiming for some real deep value here.
Btw. currently we buy the 100 week average price on nasdaq, not the worst spot to maybe start a fresh longterm depot, DCAing on the way down to maybe the weekly 200 might be somewhat of a chance with long horizon.
Stay safe guys, trade setups coming soon again, busy times..
Was the U.S. & China Involved in Bitcoin Price Suppression?Today let's take a look at something I've uncovered regarding top bitcoin hodl'ers, price suppression, and ...is this a bullish indicator for bitcoin and cryptocurrency as a whole?
TradingView Peeps. House rules state that I cannot provide any links in this description. In fact, I cannot even hint at where you may be able to find them. So... I don't know?
A historic shift for oil fundamentalsAt this point I am really just sharing my thoughts with all of you and keeping my own personal idea log, this will certainly be a post I update a lot!
For right now I don't have a position in play on this. I want to see if this will retest the $100 mark. There is a distinct feeling of FOMO to enter long right now and I know better than to FOMO lol. If we do get the dip on the daily chart though, I will be long. If not and it goes up...then I missed it and will keep in mind the most important part of trading, there is always another trade!!!
Overall though this play would fundamentally boil down to one thing, Is the Ukraine in for an extended war? On a personal level I really hope not, because holy hell what way to make money right? Given the sanctions on Russian oil coming into play there is already talk of "Canada could make up the short fall" and we could, if we had the pipelines in place to get it to market. Though, the Canadian Conservative party is already pushing for it and I can't say that I blame them. Granted, the current Liberal party is big on getting greener so it would require them to back pedal on their stance, if the war goes on long enough there would be decent political support to do so without hurting their current position.
Welcome to history folks!
Today’s Notable Sentiment ShiftsUSD – The dollar rose on Monday, lifted by safe-haven flows after the United States and European allies considered banning Russian crude imports, causing uncertainty over the global growth outlook as oil prices hit 14-year highs.
Oanda noted that “The Russia-Ukraine conflict is continuing to lead to further surges across several commodities, which is threatening growth prospects for the year… There are a growing amount of jilters that will probably keep the dollar supported, as you’re going to see the Us economy is still nicely positioned in the short term because it’s not as dependent on Russian energy supplies as Europe is.”