Let's recap where we are on the state of the financial world & what may impact us.
Inflation rate Aug/22:
USA 8.3%
CANADA 7%
FRANCE 5.9%
AUSTRALIA 6.1%
EUROPE AREA 9.1%
UK 9.9%
RUSSIA 14.3%
CHINA (2.5%) *hard to believe!
GDP Growth Rate Jun/22:
CHINA -2.6%
INDIA -1.4%
USA -0.6%
UK -0.1%
- Putin announces partial mobilization for Russian citizens: If this...
(BTC) After 54 days of the uptrend from the lows the 18 June at $17,6k, going up to $25,1k, for a 42% gain in the middle of a bear market, the bull trap has been confirmed with a downtrend of 22% the day I am writing this in 22 days!
The Short BTC target in this downtrend is $18,3k it probably won't hold and re-test the 18 June lows at $17,6k for either make a...
A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. When it is accompanied by declining volume, it can signal a trend reversal and a continuation of the bear market.
📈 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...
By assembling the Fibonacci retracement for every bull run, and the de Fibonacci speed from the 2015 bottom to the 2017 top for a macro view in the time and the amazing tool of market cypher, I also added the puell multiple to take into account the issuance of BTC flowing to the market I was able to find the best DCA zone for the Bitcoin.
