Thoughts on the market as of 30.04.2022
Bitcoin during the day moved from $39,800 to below $38,200. At the time of writing the review it is trading at $38,609. Total Crypto market capitalization of $1.758 Trillion, BTC dominance index of 41.8% and fear index - 20. The dollar index after a small drawdown returned above $103 and closed at $103.230
There is somewhat a planned decline of indices amid geopolitical tensions. AMAZON report, company's shares fell by 15% and further collapsed the markets. At the same time, APPLE shares fared better and only fell by 3.66% The fall swallowed up all the tiny growth that was registered the day before. The S&P 500 fell to the April 2021 levels, and came close to the bottom zone at 4000-4100, which we mentioned here. If the geopolitical situation does not bring strong surprises at the beginning of the week, a rebound is likely.
An interesting point is that there is a positive correlation between the dollar and commodities. Previously, with the growth of the dollar, raw materials fell, but now they are growing. This once again confirms that the growth of the dollar index now is not so much the growth of the dollar as a stronger fall in other currencies. The purchasing power of the dollar is falling, but for other currencies it is falling even more, because the United States "distributes inflation" to the whole world, and regional currencies - in a limited location.
As a result, prices for raw materials and goods in other currencies are rising even faster than in the dollar.
Bitcoin remains within the range: an upper limit at $39,800 - $39,900 and a lower limit at $38,200 - $37,500. Yesterday morning we were at the upper limit and at night we tested the lower one (Bitcoin went briefly below $38,200). This was followed by an unsuccessful attempt to exit above $38,800 and consolidation around $38,500- $38,600. I do not rule out that on the thin weekend market, there will be another correction towards $37,500. That said, the priority option is to remain in the same trading range until Monday. Nothing changes in the medium term either, the break in the correlation of Bitcoin with the stock market is a matter of a short time. It has no economic basis other than the market crowd's belief in this correlation.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin during the day moved from $39,800 to below $38,200. At the time of writing the review it is trading at $38,609. Total Crypto market capitalization of $1.758 Trillion, BTC dominance index of 41.8% and fear index - 20. The dollar index after a small drawdown returned above $103 and closed at $103.230
There is somewhat a planned decline of indices amid geopolitical tensions. AMAZON report, company's shares fell by 15% and further collapsed the markets. At the same time, APPLE shares fared better and only fell by 3.66% The fall swallowed up all the tiny growth that was registered the day before. The S&P 500 fell to the April 2021 levels, and came close to the bottom zone at 4000-4100, which we mentioned here. If the geopolitical situation does not bring strong surprises at the beginning of the week, a rebound is likely.
An interesting point is that there is a positive correlation between the dollar and commodities. Previously, with the growth of the dollar, raw materials fell, but now they are growing. This once again confirms that the growth of the dollar index now is not so much the growth of the dollar as a stronger fall in other currencies. The purchasing power of the dollar is falling, but for other currencies it is falling even more, because the United States "distributes inflation" to the whole world, and regional currencies - in a limited location.
As a result, prices for raw materials and goods in other currencies are rising even faster than in the dollar.
Bitcoin remains within the range: an upper limit at $39,800 - $39,900 and a lower limit at $38,200 - $37,500. Yesterday morning we were at the upper limit and at night we tested the lower one (Bitcoin went briefly below $38,200). This was followed by an unsuccessful attempt to exit above $38,800 and consolidation around $38,500- $38,600. I do not rule out that on the thin weekend market, there will be another correction towards $37,500. That said, the priority option is to remain in the same trading range until Monday. Nothing changes in the medium term either, the break in the correlation of Bitcoin with the stock market is a matter of a short time. It has no economic basis other than the market crowd's belief in this correlation.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 03.05. 2022(late update)
Bitcoin traded within the $39,160 to $38,072 range during the day. A move above $38,800 was not possible to gain a foothold. Since our last update on Saturday, we have been oscillating within the above range and have now narrowed to $38,300- $38600. Boring indeed, at the time of writing this late review, it has exited and is now trading for $37,681. Total Crypto Market capitalization $1.695 Trillion, BTC dominance index of 42.1%,ETH dominance index at 19.7%. Fear index at 27.
The dollar index yesterday reached $103.770, now it is slightly above $103.5. It may aim higher to $104 before we see a draw down. Interestingly, during the American session, the S&P 500 fell to 4066. This is the first entry below 4100 since September 2021, and the first test of the 4000-4100 area, which as indicated in our last reviews could be the bottom for the S&P 500. That said, the beautiful thing about analysis is one is bound to change as per the conditions at hand. This is just a -14% draw down compared to 2020 -33% correction, so strap in for probable dipper dips.
Today the markets had interesting reports on pro inflation in the EU. The American market too, everything will be interesting in a few hours time. What will be the consequences of the energy and food crisis for Europe and the US? Why is there no economic way out of the situation, as well as social networks and freedom of speech? Let's follow closely.
Bitcoin, as expected, did not pass $38,800, and went down. The range is narrowing, there will soon be an active movement in hours to follow.
If you want to sell Bitcoin because it is falling, because of the correlation with the stock market, because “the Fed will raise the rate and it will generally fall to 20K” (and other arguments that chats, tweeter and various channels are now full of, consider two points.
1.Bitcoin was at the levels where it is now for the first time, at the beginning of January 2021.
Remember (or find and read) what was written then. Joyful screams about natives, euphoria and the desire to take out a loan to buy Bitcoin.(not recommended.)
Does Bitcoin at 38K in 2021 differ from Bitcoin at 38K in 2022?
Nothing different. Except as the perception of those who are guided by emotions instead of brains, that is, the main part of the market crowd. Therefore, large holders of Bitcoin are buying it up now, weak hands are selling it, and some are opening shorts.
2. If you now have some surplus cash, say 1M and they are just lying in a bank, idle, in a year their purchasing power will be 850K-880K. Best case scenario.
In fiat, a loss of 12-15% is almost guaranteed. In crypto, no one guarantees anything, but there are reasonable expectations.
Interestingly, the largest Argentine private bank has opened the opportunity for clients to purchase BTC, ETH, XRP, USDS.
For Argentina, with its eternal problem of inflation, the fall of the national currency and default, this topic is particularly relevant.(https://decrypt.co/99264/argentinas-largest-bank-to-offer-bitcoin-ethereum-trading)
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin traded within the $39,160 to $38,072 range during the day. A move above $38,800 was not possible to gain a foothold. Since our last update on Saturday, we have been oscillating within the above range and have now narrowed to $38,300- $38600. Boring indeed, at the time of writing this late review, it has exited and is now trading for $37,681. Total Crypto Market capitalization $1.695 Trillion, BTC dominance index of 42.1%,ETH dominance index at 19.7%. Fear index at 27.
The dollar index yesterday reached $103.770, now it is slightly above $103.5. It may aim higher to $104 before we see a draw down. Interestingly, during the American session, the S&P 500 fell to 4066. This is the first entry below 4100 since September 2021, and the first test of the 4000-4100 area, which as indicated in our last reviews could be the bottom for the S&P 500. That said, the beautiful thing about analysis is one is bound to change as per the conditions at hand. This is just a -14% draw down compared to 2020 -33% correction, so strap in for probable dipper dips.
Today the markets had interesting reports on pro inflation in the EU. The American market too, everything will be interesting in a few hours time. What will be the consequences of the energy and food crisis for Europe and the US? Why is there no economic way out of the situation, as well as social networks and freedom of speech? Let's follow closely.
Bitcoin, as expected, did not pass $38,800, and went down. The range is narrowing, there will soon be an active movement in hours to follow.
If you want to sell Bitcoin because it is falling, because of the correlation with the stock market, because “the Fed will raise the rate and it will generally fall to 20K” (and other arguments that chats, tweeter and various channels are now full of, consider two points.
1.Bitcoin was at the levels where it is now for the first time, at the beginning of January 2021.
Remember (or find and read) what was written then. Joyful screams about natives, euphoria and the desire to take out a loan to buy Bitcoin.(not recommended.)
Does Bitcoin at 38K in 2021 differ from Bitcoin at 38K in 2022?
Nothing different. Except as the perception of those who are guided by emotions instead of brains, that is, the main part of the market crowd. Therefore, large holders of Bitcoin are buying it up now, weak hands are selling it, and some are opening shorts.
2. If you now have some surplus cash, say 1M and they are just lying in a bank, idle, in a year their purchasing power will be 850K-880K. Best case scenario.
In fiat, a loss of 12-15% is almost guaranteed. In crypto, no one guarantees anything, but there are reasonable expectations.
Interestingly, the largest Argentine private bank has opened the opportunity for clients to purchase BTC, ETH, XRP, USDS.
For Argentina, with its eternal problem of inflation, the fall of the national currency and default, this topic is particularly relevant.(https://decrypt.co/99264/argentinas-largest-bank-to-offer-bitcoin-ethereum-trading)
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Decrypt
Argentina's Largest Private Bank to Offer Bitcoin, Ethereum Trading - Decrypt
Argentina's biggest private bank now has a Bitcoin-buying service for clients. Customers also buy Ethereum, USD Coin, and XRP.
Thoughts on the market on 04. 05. 2022
A slight bounce back from early this morning $37,681 updated to $38,460. Total Crypto Market capitalization $1.717 billion, BTC dominance of 42.2% and ETH: 19.6%, fear index is at 21. Stock markets were up yesterday. The Nasdaq added 0.22%, the Dow Jones gained 0.20% and the S&P 500 gained 0.48% to close at 4175. Dollar index hovering around 103.5, our 104 target still holds. S&P 500 expectedly rebounded from the 4000-4100 area, which we have mentioned before, although the real outcome will be today or tomorrow.
Markets are waiting for the results of the Fed meeting and especially the press conference with comments, until then there will be no significant movements. Interestingly, yesterday the shares of Blue Water Vaccines Inc (biotech) soared by 93%, while the papers of Spero Therapeutics Inc (Pharma) fell by 63.6% in 1 session. Yet you will still read and hear biased comments about the risks of high volatility of the crypto.
German Interior Minister Nancy Feather urged Germans to stock up on food and medicine and be prepared for power outages. However, she recommends using a list that allows you to live offline for 10 days. So the question is - is it because of the energy and food crisis. If so does it mean we may see a further aggravation of the geopolitical situation, involvement of third countries in this conflict. The markets in this case are not predictable, it depends on the degree of escalation. In the short term there will be panic, when everything is over - recovery. If it comes to nuclear weapons, the state of the market and even the price of Bitcoin will not matter.
Plans for today - Bitcoin is in a range with a lower limit of $37,500- $37,000 and an upper limit of $38,800-$39,200. Alternative variant - a correction towards $36,500- $36,300, with consolidation below $37,000, is possible under the influence of external negativity. Cumulative BTC inflow to exchanges from 2nd May to as of writing this stands at 17,089.53 Btc, this are on Binance and @Coinbase. The last update we had was here: https://t.me/decryptedge/1090. Since then we have not seen much retail inflows going by these numbers so strap in.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
A slight bounce back from early this morning $37,681 updated to $38,460. Total Crypto Market capitalization $1.717 billion, BTC dominance of 42.2% and ETH: 19.6%, fear index is at 21. Stock markets were up yesterday. The Nasdaq added 0.22%, the Dow Jones gained 0.20% and the S&P 500 gained 0.48% to close at 4175. Dollar index hovering around 103.5, our 104 target still holds. S&P 500 expectedly rebounded from the 4000-4100 area, which we have mentioned before, although the real outcome will be today or tomorrow.
Markets are waiting for the results of the Fed meeting and especially the press conference with comments, until then there will be no significant movements. Interestingly, yesterday the shares of Blue Water Vaccines Inc (biotech) soared by 93%, while the papers of Spero Therapeutics Inc (Pharma) fell by 63.6% in 1 session. Yet you will still read and hear biased comments about the risks of high volatility of the crypto.
German Interior Minister Nancy Feather urged Germans to stock up on food and medicine and be prepared for power outages. However, she recommends using a list that allows you to live offline for 10 days. So the question is - is it because of the energy and food crisis. If so does it mean we may see a further aggravation of the geopolitical situation, involvement of third countries in this conflict. The markets in this case are not predictable, it depends on the degree of escalation. In the short term there will be panic, when everything is over - recovery. If it comes to nuclear weapons, the state of the market and even the price of Bitcoin will not matter.
Plans for today - Bitcoin is in a range with a lower limit of $37,500- $37,000 and an upper limit of $38,800-$39,200. Alternative variant - a correction towards $36,500- $36,300, with consolidation below $37,000, is possible under the influence of external negativity. Cumulative BTC inflow to exchanges from 2nd May to as of writing this stands at 17,089.53 Btc, this are on Binance and @Coinbase. The last update we had was here: https://t.me/decryptedge/1090. Since then we have not seen much retail inflows going by these numbers so strap in.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
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KryptoEdge
Thoughts on the market on 21.04.2022
Bitcoin, yesterday was in the range of $42,205- $40,875. An attempt to consolidate above $42,200 did not lead to success, the price rolled back below $41K. Total Crypto Market capitalization is now at $1.929 Trillion…
Bitcoin, yesterday was in the range of $42,205- $40,875. An attempt to consolidate above $42,200 did not lead to success, the price rolled back below $41K. Total Crypto Market capitalization is now at $1.929 Trillion…
Thoughts on the market on 05.05.2022
Last night, Bitcoin left the trading range and set a local high above $40K. At the time of writing the review, Bitcoin is worth $39,694. Total Crypto Market capitalization of $1.804 Trillion, BTC dominance index 41.8%, ETH: 19.7% fear index of 27.
Stock markets were up yesterday. The Nasdaq rose 3.19%, the Dow Jones gained 2.81%, the S&P 500 added 2.99% to close at 4300. The dollar index fell to $102.5, where it has now stabilized.
The Fed made the expected decision to raise the rate by 0.5 to 1%, the balance sheet reduction will begin on June 1. The market took it positively, because the rate increase by 0.75 was not considered right away. The balance sheet reduction in the first 3 months will be more symbolic - $47.5 billion per month. Lastly Powell did not promise to fight inflation at the cost of going into recession. He did not designate economic growth as a priority, so the intrigue for the future remains. Lest we forget, such a move 22 years ago, in the year 2000 the Federal Reserve tried to cool the excess of the dot com bubble, it worked a little too well as the dot com bust happened later in March and months that followed of the same year.
In general, everything in the market turned out to be a little better than it was already, the indices stabilized after rising by 2-3%, now the futures on the S&P 500 are approximately at the same level. With markets calming down, the volatility index fell by 13%. Additional statements by the Fed representatives, or an escalation in geopolitics may worsen the situation.
Bitcoin, until yesterday's news from the Fed, remained in the range that we mentioned. The priority option for today is Bitcoin in the range with the lower border at $39,200- $38,800 and the upper border at $40,600- $40,800. Alternative option is to fix below $39,200 and return to the previous trading range.
Some interesting facts from Coinbase CEO: according to Brian Armstrong, the number of cryptocurrency users will grow 5 times within 10 years and reach 1 billion. I hope it's not a case of optimism bias. We shall revisit this midway if we are on course to a billion crypto users.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Last night, Bitcoin left the trading range and set a local high above $40K. At the time of writing the review, Bitcoin is worth $39,694. Total Crypto Market capitalization of $1.804 Trillion, BTC dominance index 41.8%, ETH: 19.7% fear index of 27.
Stock markets were up yesterday. The Nasdaq rose 3.19%, the Dow Jones gained 2.81%, the S&P 500 added 2.99% to close at 4300. The dollar index fell to $102.5, where it has now stabilized.
The Fed made the expected decision to raise the rate by 0.5 to 1%, the balance sheet reduction will begin on June 1. The market took it positively, because the rate increase by 0.75 was not considered right away. The balance sheet reduction in the first 3 months will be more symbolic - $47.5 billion per month. Lastly Powell did not promise to fight inflation at the cost of going into recession. He did not designate economic growth as a priority, so the intrigue for the future remains. Lest we forget, such a move 22 years ago, in the year 2000 the Federal Reserve tried to cool the excess of the dot com bubble, it worked a little too well as the dot com bust happened later in March and months that followed of the same year.
In general, everything in the market turned out to be a little better than it was already, the indices stabilized after rising by 2-3%, now the futures on the S&P 500 are approximately at the same level. With markets calming down, the volatility index fell by 13%. Additional statements by the Fed representatives, or an escalation in geopolitics may worsen the situation.
Bitcoin, until yesterday's news from the Fed, remained in the range that we mentioned. The priority option for today is Bitcoin in the range with the lower border at $39,200- $38,800 and the upper border at $40,600- $40,800. Alternative option is to fix below $39,200 and return to the previous trading range.
Some interesting facts from Coinbase CEO: according to Brian Armstrong, the number of cryptocurrency users will grow 5 times within 10 years and reach 1 billion. I hope it's not a case of optimism bias. We shall revisit this midway if we are on course to a billion crypto users.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 06.05.2022
Bitcoin volatility at its best, oscillated from a high of $40,046 at the beginning of the week to a low of $35,560 registered last night. At the time of writing the review, price is at $36,000
Total Crypto Market capitalization of $1.672 Trillion, BTC dominance index 41.4%, ETH 19.7% fear index at 22.
Stock markets fell heavily yesterday. The Nasdaq fell 4.99%, the Dow Jones shed 3.12%, the S&P 500 fell 3.57% to close at 4146. The dollar index has renewed new highs of $104.061 we talked about it 2 days ago(https://t.me/decryptedge/1100) as of now it is trading around $103.45
After the Fed’s meeting, Powell said that they would raise the rate, but only by 50 points and the balance will also be reduced, but not very quickly, for a start by $47.5 billion a month. This caused optimism and growth of the markets on Wednesday. On Thursday, he did not refute what was said earlier, the market refutes him. In other words, the markets don't believe Powell's words. Last year he declared the temporary nature of inflation, although since March of 2020 it was obvious what the generation of trillions of dollars would lead to.
Market participants understand that in the current economic and geopolitical conditions, inflation will only increase. Raising the rate by at least 50 points, and a further 75 points, will not solve the problem. To defeat inflation, the real rate must be positive. That is, it is necessary to raise it to 9-10%, and this is completely unrealistic due to the debt load. In this regard, market participants expect that by June the Fed will see an increase in inflation and raise the rate by 75 points. If Powell or anyone else from the Fed does not reaffirm today what was said on Wednesday, the markets may continue to fall.
Geopolitical tensions are also growing - more and more likely that Poland will send troops to the western regions of Ukraine. It also becomes public information that the participation of some NATO countries in the Ukrainian conflict is not limited to the supply of weapons.
Bitcoin, against such an external background, lost support at 37,000, and reached levels where it had not been since February of this year. The fall in the stock markets is used to redistribute crypto assets, it has already happened and will happen more than once. Now an intermediate support has formed at $36,100- $36,200, but this does not cancel the possibility of going lower.
A more powerful support area is the zone $35,500 - $34,300. The bottom area of $32,000 - $30,000. With a possible correction to $28K. (our biased bearish view:https://t.me/decryptedge/1097) Entry into this area becomes highly probable if Bitcoin fixes below $34,300 for more than 6-8 hours.
But If we leave for the weekend with Bitcoin above $37K, this will quell the markets, everything will be decided at the American session.
Note that despite the fall to February levels, real fear has not appeared on the market. Alts have not drained as much - there is a market drawdown, not a panic drain. Real fear and bearish consensus is needed to break the correlation with the stock and move to growth and for this the markets have to fall more.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin volatility at its best, oscillated from a high of $40,046 at the beginning of the week to a low of $35,560 registered last night. At the time of writing the review, price is at $36,000
Total Crypto Market capitalization of $1.672 Trillion, BTC dominance index 41.4%, ETH 19.7% fear index at 22.
Stock markets fell heavily yesterday. The Nasdaq fell 4.99%, the Dow Jones shed 3.12%, the S&P 500 fell 3.57% to close at 4146. The dollar index has renewed new highs of $104.061 we talked about it 2 days ago(https://t.me/decryptedge/1100) as of now it is trading around $103.45
After the Fed’s meeting, Powell said that they would raise the rate, but only by 50 points and the balance will also be reduced, but not very quickly, for a start by $47.5 billion a month. This caused optimism and growth of the markets on Wednesday. On Thursday, he did not refute what was said earlier, the market refutes him. In other words, the markets don't believe Powell's words. Last year he declared the temporary nature of inflation, although since March of 2020 it was obvious what the generation of trillions of dollars would lead to.
Market participants understand that in the current economic and geopolitical conditions, inflation will only increase. Raising the rate by at least 50 points, and a further 75 points, will not solve the problem. To defeat inflation, the real rate must be positive. That is, it is necessary to raise it to 9-10%, and this is completely unrealistic due to the debt load. In this regard, market participants expect that by June the Fed will see an increase in inflation and raise the rate by 75 points. If Powell or anyone else from the Fed does not reaffirm today what was said on Wednesday, the markets may continue to fall.
Geopolitical tensions are also growing - more and more likely that Poland will send troops to the western regions of Ukraine. It also becomes public information that the participation of some NATO countries in the Ukrainian conflict is not limited to the supply of weapons.
Bitcoin, against such an external background, lost support at 37,000, and reached levels where it had not been since February of this year. The fall in the stock markets is used to redistribute crypto assets, it has already happened and will happen more than once. Now an intermediate support has formed at $36,100- $36,200, but this does not cancel the possibility of going lower.
A more powerful support area is the zone $35,500 - $34,300. The bottom area of $32,000 - $30,000. With a possible correction to $28K. (our biased bearish view:https://t.me/decryptedge/1097) Entry into this area becomes highly probable if Bitcoin fixes below $34,300 for more than 6-8 hours.
But If we leave for the weekend with Bitcoin above $37K, this will quell the markets, everything will be decided at the American session.
Note that despite the fall to February levels, real fear has not appeared on the market. Alts have not drained as much - there is a market drawdown, not a panic drain. Real fear and bearish consensus is needed to break the correlation with the stock and move to growth and for this the markets have to fall more.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
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KryptoEdge
Thoughts on the market on 03.05. 2022(late update)
Bitcoin traded within the $39,160 to $38,072 range during the day. A move above $38,800 was not possible to gain a foothold. Since our last update on Saturday, we have been oscillating within the above range…
Bitcoin traded within the $39,160 to $38,072 range during the day. A move above $38,800 was not possible to gain a foothold. Since our last update on Saturday, we have been oscillating within the above range…
Thoughts on the market on 09.05.2022
Bitcoin continued to decline, at the time of writing this review, a low is set at $33,258. Total Crypto Market capitalization of $1.534 Trillion, BTC dominance index of 41.5%, ETH dominance of 19.3%, fear index 11.
Stock markets opened negatively. Futures on the S&P 500 have already lost more than 1%, the dollar index is above 104 and continues to grow parabolic! There is more room to shoot to 120, last seen in the year 2000. Crazy insane numbers right!
The aggravation is on all fronts - OPEC has stated that it does not intend to increase oil production to curb rising prices. This is the reaction to the threat of anti-cartel measures by the United States. Blinken said that the US will provide Taiwan with everything necessary to protect Taiwan from China (in other words, this is fomenting a new conflict), G7 leaders announced their intention to "prevent Russia from winning" in Ukraine, and US Congressman Seth Moulton said that the US is already in state of actual war with Russia, Ukraine is just an intermediary. Comments from Jim Rickards are quite relevant, “If the Russians are losing the war, why does Ukraine need another $33 billion in weapons? Conversely, if the Russians are winning, then Ukraine would need that much and more. Conclusion: Russia is winning.”
Amid all this, the S&P 500 has fallen for the fifth week in a row, which has not happened since 2011. Now the S&P 500 has come close to the 4100-4000 area, which we mentioned here.
On Wednesday, there will be data on inflation in the US. I think that the S&P 500 will hold above this significant area until the release of this data. Unless, of course, there is nothing unexpected in terms of geopolitics, which is quite possible. How will the increase in the Fed rate affect Bitcoin (my opinion). Will post it here later tonight.
Who and why is draining Bitcoin?According to analytics, over the past 2 days only,11,000 BTC moved into exchanges. The Fear Index reached 11 - as in January of this year on an unexpected drain. If Bitcoin does not return above $34,500 before the American session, the priority option for today is a breakdown of $30K incoming 30 Days! Major support levels of $32,00-$28,000 will be a good trading area price holds. Below $28,000 our next stop is $22/$19K as the next support, we won't mention more support zones because there are people who panic when they see these numbers, strap in nonetheless.
Important dates for BTC, let us watch price performance on these dates:
Update Previous Dates
27th April BTC got a pump by +7%, 3rd May was price action day mixed movement, pump then dump by -15%
Incoming Dates
9th May, today, 17th May, 21th May, 25th May
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc. This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin continued to decline, at the time of writing this review, a low is set at $33,258. Total Crypto Market capitalization of $1.534 Trillion, BTC dominance index of 41.5%, ETH dominance of 19.3%, fear index 11.
Stock markets opened negatively. Futures on the S&P 500 have already lost more than 1%, the dollar index is above 104 and continues to grow parabolic! There is more room to shoot to 120, last seen in the year 2000. Crazy insane numbers right!
The aggravation is on all fronts - OPEC has stated that it does not intend to increase oil production to curb rising prices. This is the reaction to the threat of anti-cartel measures by the United States. Blinken said that the US will provide Taiwan with everything necessary to protect Taiwan from China (in other words, this is fomenting a new conflict), G7 leaders announced their intention to "prevent Russia from winning" in Ukraine, and US Congressman Seth Moulton said that the US is already in state of actual war with Russia, Ukraine is just an intermediary. Comments from Jim Rickards are quite relevant, “If the Russians are losing the war, why does Ukraine need another $33 billion in weapons? Conversely, if the Russians are winning, then Ukraine would need that much and more. Conclusion: Russia is winning.”
Amid all this, the S&P 500 has fallen for the fifth week in a row, which has not happened since 2011. Now the S&P 500 has come close to the 4100-4000 area, which we mentioned here.
On Wednesday, there will be data on inflation in the US. I think that the S&P 500 will hold above this significant area until the release of this data. Unless, of course, there is nothing unexpected in terms of geopolitics, which is quite possible. How will the increase in the Fed rate affect Bitcoin (my opinion). Will post it here later tonight.
Who and why is draining Bitcoin?According to analytics, over the past 2 days only,11,000 BTC moved into exchanges. The Fear Index reached 11 - as in January of this year on an unexpected drain. If Bitcoin does not return above $34,500 before the American session, the priority option for today is a breakdown of $30K incoming 30 Days! Major support levels of $32,00-$28,000 will be a good trading area price holds. Below $28,000 our next stop is $22/$19K as the next support, we won't mention more support zones because there are people who panic when they see these numbers, strap in nonetheless.
Important dates for BTC, let us watch price performance on these dates:
Update Previous Dates
27th April BTC got a pump by +7%, 3rd May was price action day mixed movement, pump then dump by -15%
Incoming Dates
9th May, today, 17th May, 21th May, 25th May
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc. This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Long Post:
In view of Bitcoin movements this evening, two possible, or probable plays on future developments are as follows:
1. Brief bounce back from current position of $30,000 - $32,000 area. With a short-term correction to $29,500- $28,000.
2. Leaving below 30K and fixing under this psychological level.
The following factors work in favor of option 2, ongoing correlation with the stock market and the downward movement. Potential sale off (or talk of panic sales, which is more likely) by the big players, e.g. Elon Musk or Michael Saylor. If one of them starts selling or at least announces (for example, Musk), option 2 may become a priority. Altcoins will have a beating as well. The other issue is tightening KYC/AML in the US and EU under the pretext of searching for "Russian money".
Secondly the following factors work in favor of option 1, the S&P 500 may well hold above 4000, or be limited to a short-term slip to 3800, followed by a return above 4000 and a rise towards 4300-4500. The correlation of Bitcoin with the stock market has no economic basis, it's artificial, it did not exist until 2020 and can be terminated at any time.
Worth noting that major players such as Saylor or Musk may well turn the market around with their statements and other activities. Perhaps someone who has long been waiting for the opportunity to enter crypto will take advantage of the current fall, and soon we will hear new big names, although fear index is at extreme values.
Now from every FinTwit, they say that the Fed rate hike will collapse the crypto market.
The logic is as follows - the Fed rate hike is negative for the stock market, therefore, the stock market will fall, and the crypto has a correlation with it. Bad times for Bitcoin in connection with the more aggressive policy of the Fed were announced by many well-known people in the crypto community.
Let's look and dig in, the Fed's rate hike is already priced in the stock market. The decline on indices from January highs is the very low that is expected after the start of the cycle of raising rates and reducing the balance sheet. The situation is unique in that the factors that caused record inflation will not go anywhere in the foreseeable future. The generated dollars will remain in the economy, high commodity prices will not fall either, but may rise if the topic of sanctions develops, and even the looming food crisis.
We also do not forget the reduction in the dollar share on reserves and international settlements, this is an inflationary factor. The Fed rate hike will not have a significant impact on these processes, which means that the most that the US regulator can achieve is a slowdown in inflation. Usually tightening of the monetary policy worked like this: market participants shift money into assets with minimal risk when rates increased. If you can get 5% discount on bonds or bank deposits, then why take risks in the stock market, where you can earn 20% if you're lucky, yet you can also go into the red. Even a rate of 5% with inflation of 8.5% is a negative return. So the rate of 5% still needs to be reached.
Somehow the national debt of $30 trillion, an astronomical rate. The risk-free return will in fact be negative, and will not cause an outflow of money from the stock market. Who will be interested in placement of funds into an instrument in which capital is reduced? In that regard the interest rate will most probably be raised, and the S&P 500 will move in the range with the lower limit of 4000-4100 and the upper one at 4700-4600
In view of Bitcoin movements this evening, two possible, or probable plays on future developments are as follows:
1. Brief bounce back from current position of $30,000 - $32,000 area. With a short-term correction to $29,500- $28,000.
2. Leaving below 30K and fixing under this psychological level.
The following factors work in favor of option 2, ongoing correlation with the stock market and the downward movement. Potential sale off (or talk of panic sales, which is more likely) by the big players, e.g. Elon Musk or Michael Saylor. If one of them starts selling or at least announces (for example, Musk), option 2 may become a priority. Altcoins will have a beating as well. The other issue is tightening KYC/AML in the US and EU under the pretext of searching for "Russian money".
Secondly the following factors work in favor of option 1, the S&P 500 may well hold above 4000, or be limited to a short-term slip to 3800, followed by a return above 4000 and a rise towards 4300-4500. The correlation of Bitcoin with the stock market has no economic basis, it's artificial, it did not exist until 2020 and can be terminated at any time.
Worth noting that major players such as Saylor or Musk may well turn the market around with their statements and other activities. Perhaps someone who has long been waiting for the opportunity to enter crypto will take advantage of the current fall, and soon we will hear new big names, although fear index is at extreme values.
Now from every FinTwit, they say that the Fed rate hike will collapse the crypto market.
The logic is as follows - the Fed rate hike is negative for the stock market, therefore, the stock market will fall, and the crypto has a correlation with it. Bad times for Bitcoin in connection with the more aggressive policy of the Fed were announced by many well-known people in the crypto community.
Let's look and dig in, the Fed's rate hike is already priced in the stock market. The decline on indices from January highs is the very low that is expected after the start of the cycle of raising rates and reducing the balance sheet. The situation is unique in that the factors that caused record inflation will not go anywhere in the foreseeable future. The generated dollars will remain in the economy, high commodity prices will not fall either, but may rise if the topic of sanctions develops, and even the looming food crisis.
We also do not forget the reduction in the dollar share on reserves and international settlements, this is an inflationary factor. The Fed rate hike will not have a significant impact on these processes, which means that the most that the US regulator can achieve is a slowdown in inflation. Usually tightening of the monetary policy worked like this: market participants shift money into assets with minimal risk when rates increased. If you can get 5% discount on bonds or bank deposits, then why take risks in the stock market, where you can earn 20% if you're lucky, yet you can also go into the red. Even a rate of 5% with inflation of 8.5% is a negative return. So the rate of 5% still needs to be reached.
Somehow the national debt of $30 trillion, an astronomical rate. The risk-free return will in fact be negative, and will not cause an outflow of money from the stock market. Who will be interested in placement of funds into an instrument in which capital is reduced? In that regard the interest rate will most probably be raised, and the S&P 500 will move in the range with the lower limit of 4000-4100 and the upper one at 4700-4600
What will happen to the crypto market? I can hardly imagine a Bitcoin hodler, who will sell BTC and go into fiat. Most crypto assets owners understand how toxic fiat is like no one else. Well not all! The rate hike in the US is negative for national currencies. Inflation in large economies such as Argentina, Brazil, Turkey will be much higher than in the US. The inflation of a national currency always causes an increased interest in Bitcoin and an increase in demand for it from people who would never get into the crypto market, but they need to save their savings. But do they know?
In smaller economies, amid the energy and food crisis, things could get even tougher. Sri Lanka has already defaulted, more countries may follow soon. As said in the morning review strap in, we are in for a bumpy ride.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
In smaller economies, amid the energy and food crisis, things could get even tougher. Sri Lanka has already defaulted, more countries may follow soon. As said in the morning review strap in, we are in for a bumpy ride.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market at 10.05.2022
Bitcoin continued the decline, to lows of $29,760. At the time of writing the review, price is trading at $30,903.
Total Crypto Market capitalization of $1.512 Trillion, BTC Dominance index of 41.8%, ETH 19.8%. Fear index at 10. Stock markets fell yesterday. The Nasdaq fell 4.29%, the Dow Jones fell 1.99%, the S&P 500 fell 3.2% to close at 3991. At the same time, during the American session, the dollar index did not reach new highs, and fell slightly, it is now at is $103.6
Nothing new - growing geopolitical tensions, rising inflation, expectations of tough anti-inflationary actions by the Fed. Fear is growing, the volatility index is at its maximum, even the oil sector has fallen sharply, which in the current situation is contrary to logic and common sense and suggests that the market's fall is of a panic-emotional nature.
The Fed members are now making moves to calm the market - Bostic already said yesterday that there is no need to raise the rate by more than 0.5% at a time, but in general it is enough to raise the rate to 2-2.5% (but more if necessary). The same was said by Kashkari (also from the FRS). So far, the markets have not reacted to this, so I think that today the trend towards “appeasement of the markets” will continue. What will be the results - we will soon see.
Something worth noting, the US Housing market is going to tank. Maybe not as fast as 2008-2010. It started last year much like the 00’s housing bubble high, with the numbers pointing to adding to that supply at this point.
With Bitcoin updating lows at $29,760 (lowest since in July 2021), it returned above 30K. Two attempts to go above $31,500 were not successful, the last couple of hours Bitcoin has been holding in the range of $30,500- $31,000. In addition to the correlation with the stock market, which still exists, the crypto market is also under pressure from the story of the LUNA stablecoin, all 42,530 BTC were withdrawn from the address where Bitcoin was located to provide stablecoin reserves. The stable lost its peg to the dollar, and LUNA itself fell to 26 (more than 70%). Which you can accumulate at this level.
Option 1 that we spoke about yesterday(https://t.me/decryptedge/1105) takes precedence. But be ready for the alternative.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin continued the decline, to lows of $29,760. At the time of writing the review, price is trading at $30,903.
Total Crypto Market capitalization of $1.512 Trillion, BTC Dominance index of 41.8%, ETH 19.8%. Fear index at 10. Stock markets fell yesterday. The Nasdaq fell 4.29%, the Dow Jones fell 1.99%, the S&P 500 fell 3.2% to close at 3991. At the same time, during the American session, the dollar index did not reach new highs, and fell slightly, it is now at is $103.6
Nothing new - growing geopolitical tensions, rising inflation, expectations of tough anti-inflationary actions by the Fed. Fear is growing, the volatility index is at its maximum, even the oil sector has fallen sharply, which in the current situation is contrary to logic and common sense and suggests that the market's fall is of a panic-emotional nature.
The Fed members are now making moves to calm the market - Bostic already said yesterday that there is no need to raise the rate by more than 0.5% at a time, but in general it is enough to raise the rate to 2-2.5% (but more if necessary). The same was said by Kashkari (also from the FRS). So far, the markets have not reacted to this, so I think that today the trend towards “appeasement of the markets” will continue. What will be the results - we will soon see.
Something worth noting, the US Housing market is going to tank. Maybe not as fast as 2008-2010. It started last year much like the 00’s housing bubble high, with the numbers pointing to adding to that supply at this point.
With Bitcoin updating lows at $29,760 (lowest since in July 2021), it returned above 30K. Two attempts to go above $31,500 were not successful, the last couple of hours Bitcoin has been holding in the range of $30,500- $31,000. In addition to the correlation with the stock market, which still exists, the crypto market is also under pressure from the story of the LUNA stablecoin, all 42,530 BTC were withdrawn from the address where Bitcoin was located to provide stablecoin reserves. The stable lost its peg to the dollar, and LUNA itself fell to 26 (more than 70%). Which you can accumulate at this level.
Option 1 that we spoke about yesterday(https://t.me/decryptedge/1105) takes precedence. But be ready for the alternative.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
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KryptoEdge
Long Post:
In view of Bitcoin movements this evening, two possible, or probable plays on future developments are as follows:
1. Brief bounce back from current position of $30,000 - $32,000 area. With a short-term correction to $29,500- $28,000.
2. Leaving…
In view of Bitcoin movements this evening, two possible, or probable plays on future developments are as follows:
1. Brief bounce back from current position of $30,000 - $32,000 area. With a short-term correction to $29,500- $28,000.
2. Leaving…
Thoughts on the market at 11.05.2022
Bitcoin has halted the downward moves, bouncing in the range of $30,170- $32,600.
At the time of writing the review, it's trading for $31,290. With a total crypto market capitalization of $1.429 Trillion, BTC dominance index 42.6%, ETH, 20.9% and fear index 12.
Stock markets stopped falling yesterday and moved in different directions.
The Nasdaq rose 0.98%, the Dow Jones fell 0.26% and the S&P 500 gained 0.25% to close at 4001. The dollar index hit a high of 104.187 and now is hovering around 103.48
Today at 15:30 EAT data on US inflation will be released. Analysts' forecast is a decrease in inflation to 8.1 (in March it was 8.5). There are no grounds for such an optimistic view of inflation - why should it fall? At the end of April, the M2 money supply was at its absolute maximum, supply is declining, inflation is already at a double-digit level in a number of EU countries, and the same is expected in England. The real rate is negative. The release of data worse than the forecast will have a bad effect on the market, we can see the S&P 500 at 3800.
I think that analysts' expectations on inflation can be justified only when it is calculated correctly. That is, draw the desired number.
There are six months left before the US elections to the Senate, and to show one's helplessness in the fight against inflation and bringing down the stock market means that Biden's administration is at a disadvantage, probable to lose. Biden continues to blame everything on Putin - he says that fuel and food prices have risen because of him. It was Biden who pushed through the trillion-dollar aid packages in early 2021. To what extent the Americans believe this, I don't know, but don't be surprised if they do, as more and more people are only able to consume information with ready-made conclusions, and not analyze it through.
The negative on LUNA continues - yesterday's bottom turned out to be only the first, today we see the second. Luna Foundation is seeking funding to re-peg its stable to the dollar, in exchange for the sale of a large stake in LUNA, which will be locked for 2 years. If the issue can be resolved, LUNA will recover and the current prices are a Mega-discount. If it fails to succeed, then it will be the scam of the year. Put money into crypto that you are ready to lose.
Market prospects today depend on the outcome of the LUNA story and US inflation data. Negative can lead to another entry below 30K. The priority option - Bitcoin is working out option 1 from here(https://t.me/decryptedge/1105) , i.e. growth from the 30000-32000 area.
The first goal is to fix above the resistance area of $32,500- $32600.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin has halted the downward moves, bouncing in the range of $30,170- $32,600.
At the time of writing the review, it's trading for $31,290. With a total crypto market capitalization of $1.429 Trillion, BTC dominance index 42.6%, ETH, 20.9% and fear index 12.
Stock markets stopped falling yesterday and moved in different directions.
The Nasdaq rose 0.98%, the Dow Jones fell 0.26% and the S&P 500 gained 0.25% to close at 4001. The dollar index hit a high of 104.187 and now is hovering around 103.48
Today at 15:30 EAT data on US inflation will be released. Analysts' forecast is a decrease in inflation to 8.1 (in March it was 8.5). There are no grounds for such an optimistic view of inflation - why should it fall? At the end of April, the M2 money supply was at its absolute maximum, supply is declining, inflation is already at a double-digit level in a number of EU countries, and the same is expected in England. The real rate is negative. The release of data worse than the forecast will have a bad effect on the market, we can see the S&P 500 at 3800.
I think that analysts' expectations on inflation can be justified only when it is calculated correctly. That is, draw the desired number.
There are six months left before the US elections to the Senate, and to show one's helplessness in the fight against inflation and bringing down the stock market means that Biden's administration is at a disadvantage, probable to lose. Biden continues to blame everything on Putin - he says that fuel and food prices have risen because of him. It was Biden who pushed through the trillion-dollar aid packages in early 2021. To what extent the Americans believe this, I don't know, but don't be surprised if they do, as more and more people are only able to consume information with ready-made conclusions, and not analyze it through.
The negative on LUNA continues - yesterday's bottom turned out to be only the first, today we see the second. Luna Foundation is seeking funding to re-peg its stable to the dollar, in exchange for the sale of a large stake in LUNA, which will be locked for 2 years. If the issue can be resolved, LUNA will recover and the current prices are a Mega-discount. If it fails to succeed, then it will be the scam of the year. Put money into crypto that you are ready to lose.
Market prospects today depend on the outcome of the LUNA story and US inflation data. Negative can lead to another entry below 30K. The priority option - Bitcoin is working out option 1 from here(https://t.me/decryptedge/1105) , i.e. growth from the 30000-32000 area.
The first goal is to fix above the resistance area of $32,500- $32600.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Telegram
KryptoEdge
Long Post:
In view of Bitcoin movements this evening, two possible, or probable plays on future developments are as follows:
1. Brief bounce back from current position of $30,000 - $32,000 area. With a short-term correction to $29,500- $28,000.
2. Leaving…
In view of Bitcoin movements this evening, two possible, or probable plays on future developments are as follows:
1. Brief bounce back from current position of $30,000 - $32,000 area. With a short-term correction to $29,500- $28,000.
2. Leaving…
What happened to Bitcoin to 100K? Thoughts on the market on 12.05. 2022
Bitcoin once again updated the lows, falling to $26,854. Total Crypto Market capitalization $1.269 Trillion, BTC dominance index 44.6% , ETH: 19.2%, fear index 12.
Stock markets fell yesterday. The Nasdaq fell by 3.18%, the Dow Jones 1.02%, the S&P 500 shed 1.65% to close at 3935. The dollar index is back above 104!.
Immediately after the release of the inflation data, the markets rose slightly, as compared to March, a slight decrease in inflation was shown. Data on core inflation (excluding food and electricity) came out, and there was a 2-fold increase in it. Bostic, with statements that the rate will be raised in increments of 0.5% (instead of 0.75) and will be raised to 2-2.5, did not calm the markets, and the S&P 500 closed at levels where it had not been since March 2021. It is likely that there will be speeches from members of the Fed and other officials in order to calm the markets.
Bitcoin made new lows last seen in January 2021, reaching a low at $26,854. If within 8-12 hours Bitcoin does not return above $30K, we can talk about moving to option 2. We are now seeing both “shaking out of the alts” and an increase in the dominance index. With ethereum falling below $2,000, expect the next stop at $1,200, alts will take a beating.
What happened to Bitcoin to 100K? As a lot of crypto youtubers and twitter influencers were shilling. You will start reading about an unfavorable combination of circumstances - Bitcoin being already under pressure from external factors, large sell off from Kwon (Luna), FUD accelerating to other stables coins…etc. By the way, this does not mean that all scams - even large banks are bringing down mass panic conclusions. But we'll talk about stables one of these days separately. Truth is LUNA was the spark, lurking in the woods. it found dry leaves, here goes the wild fire now. It's a healthy correction and part of the market cycles. Focus on value not the price. Sounds easy but emotionally demanding, very demanding.
Bitcoin just became $10-12K cheaper than a couple of weeks ago, even if it falls by 20K, nothing will change in the future either. 1 btc is still equal to 1 btc. The btc fiat correction value could be worse. It is not a disaster, but an opportunity that must be properly used. Rational take now is to DCA Bitcoin & Ether. Do not trade with leverage, do not go into alts (yet).
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin once again updated the lows, falling to $26,854. Total Crypto Market capitalization $1.269 Trillion, BTC dominance index 44.6% , ETH: 19.2%, fear index 12.
Stock markets fell yesterday. The Nasdaq fell by 3.18%, the Dow Jones 1.02%, the S&P 500 shed 1.65% to close at 3935. The dollar index is back above 104!.
Immediately after the release of the inflation data, the markets rose slightly, as compared to March, a slight decrease in inflation was shown. Data on core inflation (excluding food and electricity) came out, and there was a 2-fold increase in it. Bostic, with statements that the rate will be raised in increments of 0.5% (instead of 0.75) and will be raised to 2-2.5, did not calm the markets, and the S&P 500 closed at levels where it had not been since March 2021. It is likely that there will be speeches from members of the Fed and other officials in order to calm the markets.
Bitcoin made new lows last seen in January 2021, reaching a low at $26,854. If within 8-12 hours Bitcoin does not return above $30K, we can talk about moving to option 2. We are now seeing both “shaking out of the alts” and an increase in the dominance index. With ethereum falling below $2,000, expect the next stop at $1,200, alts will take a beating.
What happened to Bitcoin to 100K? As a lot of crypto youtubers and twitter influencers were shilling. You will start reading about an unfavorable combination of circumstances - Bitcoin being already under pressure from external factors, large sell off from Kwon (Luna), FUD accelerating to other stables coins…etc. By the way, this does not mean that all scams - even large banks are bringing down mass panic conclusions. But we'll talk about stables one of these days separately. Truth is LUNA was the spark, lurking in the woods. it found dry leaves, here goes the wild fire now. It's a healthy correction and part of the market cycles. Focus on value not the price. Sounds easy but emotionally demanding, very demanding.
Bitcoin just became $10-12K cheaper than a couple of weeks ago, even if it falls by 20K, nothing will change in the future either. 1 btc is still equal to 1 btc. The btc fiat correction value could be worse. It is not a disaster, but an opportunity that must be properly used. Rational take now is to DCA Bitcoin & Ether. Do not trade with leverage, do not go into alts (yet).
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market at 13.05. 2022
Bitcoin updated to a low of $26700, after which it went into the range of $28,000- $29,900, where it has been at the time of writing the review, the price is $30,260
Total Crypto Market capitalization now at $1.252 Trillion, BTC and ETH dominance index 44.5% & 19.3%. Fear index 10.
There were no significant movements on the US stock market yesterday. The Nasdaq gained 0.06%, the Dow Jones fell 0.33% and the S&P 500 lost 0.13% to close at 3930. The dollar index continued to rise, reaching new highs of 104.92. It is now at 104.78
Producer Price Index or PPI data (PPI) came out yesterday - there is a slight decrease.
Powell said it was appropriate to raise rates by 0.5 at the next two meetings. Thus, giving the markets a long-awaited confirmation that there will be no increase of 0.75%. Perhaps today the markets will react to this positive, already noted. Senator Rand Paul blocked the allocation of $40 billion to Ukraine. He says that it is not worth saving Ukraine at the expense of the United States. In the next 12-18 months energy resources and food will increase their influence both on the economy and on politics. In other news, Saudi Aramco not tops as the most valuable company in the world, out doing Apple
Bitcoin has returned to above 30K. The priority option for today is Bitcoin in a range with a lower border at $29,800- $29,500 and an upper border at $31,800- $32,000. An alternative option is a return below $29800 with consolidation. Interestingly, Crypto billionaire compares industry to dot-com bubble. Bitcoin Foundation Chairman Brock Pierce Brock Pierce said "I think we are exactly where the tech industry was in 1999, 2000," Pierce argued. "Many of these projects will go to zero, but many of them will become the eBays, the Amazons, the PayPal of our time and future, but with probably even greater success."
Crypto is currently trading in line with so-called "riskier assets" like tech stocks. The tech-heavy NASDAQ fell 1.5% last week, and has lost about 27% year to date, hurt by the potential of persistent inflation, which is forcing the Fed to raise rates despite slowing growth.
Pierce argued that despite all the volatility in the crypto market, he thinks "the technology is going to continue to exist" and is "going to change the world." I couldn't agree more.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin updated to a low of $26700, after which it went into the range of $28,000- $29,900, where it has been at the time of writing the review, the price is $30,260
Total Crypto Market capitalization now at $1.252 Trillion, BTC and ETH dominance index 44.5% & 19.3%. Fear index 10.
There were no significant movements on the US stock market yesterday. The Nasdaq gained 0.06%, the Dow Jones fell 0.33% and the S&P 500 lost 0.13% to close at 3930. The dollar index continued to rise, reaching new highs of 104.92. It is now at 104.78
Producer Price Index or PPI data (PPI) came out yesterday - there is a slight decrease.
Powell said it was appropriate to raise rates by 0.5 at the next two meetings. Thus, giving the markets a long-awaited confirmation that there will be no increase of 0.75%. Perhaps today the markets will react to this positive, already noted. Senator Rand Paul blocked the allocation of $40 billion to Ukraine. He says that it is not worth saving Ukraine at the expense of the United States. In the next 12-18 months energy resources and food will increase their influence both on the economy and on politics. In other news, Saudi Aramco not tops as the most valuable company in the world, out doing Apple
Bitcoin has returned to above 30K. The priority option for today is Bitcoin in a range with a lower border at $29,800- $29,500 and an upper border at $31,800- $32,000. An alternative option is a return below $29800 with consolidation. Interestingly, Crypto billionaire compares industry to dot-com bubble. Bitcoin Foundation Chairman Brock Pierce Brock Pierce said "I think we are exactly where the tech industry was in 1999, 2000," Pierce argued. "Many of these projects will go to zero, but many of them will become the eBays, the Amazons, the PayPal of our time and future, but with probably even greater success."
Crypto is currently trading in line with so-called "riskier assets" like tech stocks. The tech-heavy NASDAQ fell 1.5% last week, and has lost about 27% year to date, hurt by the potential of persistent inflation, which is forcing the Fed to raise rates despite slowing growth.
Pierce argued that despite all the volatility in the crypto market, he thinks "the technology is going to continue to exist" and is "going to change the world." I couldn't agree more.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 14.05.2022
Bitcoin traded within the range indicated in yesterday's review. Unsuccessful attempts to go above $31K led to a shift to the lower border of the range, at the time of writing Bitcoin is worth $29,529. Total crypto market capitalization of $1.273 Trillion, BTC & ETH dominance index of 4.3% and 19.4%. Fear index at 9.
Markets rose on the positive from Powell, who promised to raise the rate by only 0.5% at a time. He had said the same thing after the Fed meeting, but it seems the market did not believe him. We had mentioned that the market needs confirmation, so it was issued.
Warren Buffet famously said, “Be Greedy When Others Are Fearful”. Nathan Rothschild opined that the time to buy is when there’s blood in the streets. Certainly, the fear is becoming more palpable each day. As we see it at an extreme single digits. When prices are at peak, you will often hear “ I am waiting on the sidelines to buy the dip” or “I am going all in when the market drops” But when it actually happens few are able to pull the trigger..
Elon Musk paused the Twitter deal, sending Twitter shares down nearly 10%. The deal is on hold pending details supporting the calculation of spam/fake accounts that allegedly represent less than 5% of users," Musk told his more than 92 million Twitter followers.
Bitcoin worked out the priority option of yesterday's review. Confidently holding above $29,800, today it sank to the lower border of the range. On the thin weekend market there may be a correction towards the lows of May 12, but on Monday we will be approximately in the same range - the lower limit $29,500- $29,300 and upper limit $31,000- $31,200.
So in closing, the current situation (the collapse of the top project, the fall of foreign markets, the dollar index at its highs), Bitcoin shows good resistance to external negativity.
- The SEC launched an investigation into TERRA. I think the situation will serve as an excuse to tighten the screws on the stables.
- Tether announced an increase in reserves in US government bonds. They know when to demonstrate loyalty and the right understanding of the situation. In 2019, he said that everything will be fine with them.
-TERRA says it is going to roll back the issuance of a huge number of coins, leaving only a billion. It pretty much gives off a scam and leaves a lot of unresolved issues. But for some reason, Binance relisted the LUNA/BUSD pair (information as of yesterday). Let's see what happens next.
- Emirates will accept payments in Bitcoin. A good airline, in terms of service and first class, it is comparable only to Singapore airlines.
- Despite China's ban on cryptocurrency mining and trading, the Shanghai People's Court recognized Bitcoin as an asset of economic value.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin traded within the range indicated in yesterday's review. Unsuccessful attempts to go above $31K led to a shift to the lower border of the range, at the time of writing Bitcoin is worth $29,529. Total crypto market capitalization of $1.273 Trillion, BTC & ETH dominance index of 4.3% and 19.4%. Fear index at 9.
Markets rose on the positive from Powell, who promised to raise the rate by only 0.5% at a time. He had said the same thing after the Fed meeting, but it seems the market did not believe him. We had mentioned that the market needs confirmation, so it was issued.
Warren Buffet famously said, “Be Greedy When Others Are Fearful”. Nathan Rothschild opined that the time to buy is when there’s blood in the streets. Certainly, the fear is becoming more palpable each day. As we see it at an extreme single digits. When prices are at peak, you will often hear “ I am waiting on the sidelines to buy the dip” or “I am going all in when the market drops” But when it actually happens few are able to pull the trigger..
Elon Musk paused the Twitter deal, sending Twitter shares down nearly 10%. The deal is on hold pending details supporting the calculation of spam/fake accounts that allegedly represent less than 5% of users," Musk told his more than 92 million Twitter followers.
Bitcoin worked out the priority option of yesterday's review. Confidently holding above $29,800, today it sank to the lower border of the range. On the thin weekend market there may be a correction towards the lows of May 12, but on Monday we will be approximately in the same range - the lower limit $29,500- $29,300 and upper limit $31,000- $31,200.
So in closing, the current situation (the collapse of the top project, the fall of foreign markets, the dollar index at its highs), Bitcoin shows good resistance to external negativity.
- The SEC launched an investigation into TERRA. I think the situation will serve as an excuse to tighten the screws on the stables.
- Tether announced an increase in reserves in US government bonds. They know when to demonstrate loyalty and the right understanding of the situation. In 2019, he said that everything will be fine with them.
-TERRA says it is going to roll back the issuance of a huge number of coins, leaving only a billion. It pretty much gives off a scam and leaves a lot of unresolved issues. But for some reason, Binance relisted the LUNA/BUSD pair (information as of yesterday). Let's see what happens next.
- Emirates will accept payments in Bitcoin. A good airline, in terms of service and first class, it is comparable only to Singapore airlines.
- Despite China's ban on cryptocurrency mining and trading, the Shanghai People's Court recognized Bitcoin as an asset of economic value.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 17.05.2022
Bitcoin maintained the $30,470- $29,100 range during the day and at the time of writing the review, its trading for $30,020. Total crypto market capitalization of $1.286 Trillion, BTC & ETH dominance index of 44.3%, 19.2% respectively. Fear index 8.
The dollar index seems to be cooling off its now below 104.5, while the BRENT is already above 114.
- Shares of Twitter continued to fall, losing more than 8%, the reasons said yesterday. If Elon Musk really found such a number of bots and cheats that made him change his mind about this asset, or just bring down the price and improve the entry price - we will soon find out. So far, he has announced a possible revision of the price due to the large number of bots.
- Powell's brief is today at 21-00 EAT. Confirmation of what was said earlier about raising the rate by 0.5% (and not by 0.75%) at a time. Will it be positive for the market?
Bitcoin worked out yesterday's forecast and so far the situation is developing within the priority option from here. An intermediate support has formed at $29,100- $29,200, the trading range is narrowing, for the last 8 hours Bitcoin has been holding above $29,800. To move to growth, it is necessary to fix above the resistance area of $31,200- $31,500.
According to information from the Luna Foundation Guard LFG, out of 42,530 Bitcoins previously owned by the foundation, 313 BTC remained, the rest were merged. That is, the market really digested such a sharp one-time increase in supply, and all this happened on a falling market and a negative external background. With such a confluence of negative factors, the fall on May 12 can be considered extremely insignificant.
Surprising today's index of fear. It is at a record level, despite the fact that nothing terrible has happened on the market in the last 24 hours. Perhaps this is some kind of failure in the calculation method. In any case, fear and negative expectations among the market crowd are now at a high level. This is good in terms of further growth.
According to Glassnode and QryptoQuant, the withdrawal of BTC from exchanges has begun (there was a large inflow at the beginning of the month). The priority option for today is Bitcoin in the range with the lower border of $29,200- $28,800 and the upper one at $31,200- $31,500. An alternative option is fixing above $31,500.
Of interest - today in El Salvador there will be a meeting of representatives of 32 world central banks. The agenda is the introduction of BTC and its consequences in El Salvador. The composition of the participants is interesting - representatives of Central Banks from different countries in such a difficult time organize an offline meeting, obviously not to broaden their horizons and pleasant communication. Especially if the meeting takes place in El Salvador. Perhaps these are some movements towards the Central Bank's reserves in the BTS.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin maintained the $30,470- $29,100 range during the day and at the time of writing the review, its trading for $30,020. Total crypto market capitalization of $1.286 Trillion, BTC & ETH dominance index of 44.3%, 19.2% respectively. Fear index 8.
The dollar index seems to be cooling off its now below 104.5, while the BRENT is already above 114.
- Shares of Twitter continued to fall, losing more than 8%, the reasons said yesterday. If Elon Musk really found such a number of bots and cheats that made him change his mind about this asset, or just bring down the price and improve the entry price - we will soon find out. So far, he has announced a possible revision of the price due to the large number of bots.
- Powell's brief is today at 21-00 EAT. Confirmation of what was said earlier about raising the rate by 0.5% (and not by 0.75%) at a time. Will it be positive for the market?
Bitcoin worked out yesterday's forecast and so far the situation is developing within the priority option from here. An intermediate support has formed at $29,100- $29,200, the trading range is narrowing, for the last 8 hours Bitcoin has been holding above $29,800. To move to growth, it is necessary to fix above the resistance area of $31,200- $31,500.
According to information from the Luna Foundation Guard LFG, out of 42,530 Bitcoins previously owned by the foundation, 313 BTC remained, the rest were merged. That is, the market really digested such a sharp one-time increase in supply, and all this happened on a falling market and a negative external background. With such a confluence of negative factors, the fall on May 12 can be considered extremely insignificant.
Surprising today's index of fear. It is at a record level, despite the fact that nothing terrible has happened on the market in the last 24 hours. Perhaps this is some kind of failure in the calculation method. In any case, fear and negative expectations among the market crowd are now at a high level. This is good in terms of further growth.
According to Glassnode and QryptoQuant, the withdrawal of BTC from exchanges has begun (there was a large inflow at the beginning of the month). The priority option for today is Bitcoin in the range with the lower border of $29,200- $28,800 and the upper one at $31,200- $31,500. An alternative option is fixing above $31,500.
Of interest - today in El Salvador there will be a meeting of representatives of 32 world central banks. The agenda is the introduction of BTC and its consequences in El Salvador. The composition of the participants is interesting - representatives of Central Banks from different countries in such a difficult time organize an offline meeting, obviously not to broaden their horizons and pleasant communication. Especially if the meeting takes place in El Salvador. Perhaps these are some movements towards the Central Bank's reserves in the BTS.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 18.05.2022
Bitcoin has been in the $29,800- $30,700 range since yesterday. Last night there was a short-term correction to $29,500, which was immediately bought out. At the time of writing the review, it is trading for $ 30,151. Total crypto market capitalization $1.299 Trillion, BTC & ETH dominance index of 44.3% and 19.1%. Fear index of 12.
Stock markets were up yesterday. The Nasdaq added 2.76%, the Dow Jones rose 1.34%, the S&P 500 gained 2.02% to close at 4088. The dollar index continued to decline and is now at 103.4, and BRENT is about 112.
The market was supported by good data on industrial production, then there was a speech by Powell. He recognized inflation as high and spoke about the need to make it low, spoke about the Fed's readiness to act aggressively and raise the rate above the neutral level, said that it was difficult to make forecasts, everything is unpredictable, geopolitics strongly influences the economy. Seems the markets did not fall on such a speech, because he said what the markets wanted to hear - at the next two meetings, the rate will be increased by 0.5%.
According to the US Treasury, China has been reducing investments in US bonds for the fourth month in a row. This is the same decline in the share of the dollar in reserves, which has long been talked about. The consequences of the theft of reserves of the Central Bank of Russia. I think many countries are doing the same now.
Bitcoin worked out the priority option from yesterday's review. This range is narrowing, and a denouement is close. The priority option for today is similar to yesterday. Expect Bitcoin in a range with a lower border of $29,200- $29,800, and an upper one at $30,800- $31,200.
An alternative option is fixing above $31,200.
Shaking out of the alts has not happened yet. When Bitcoin fixes above 32K, they will begin to recover and make good gains from current levels. True, in the case of working out an alternative option from here, entry prices will be even more interesting. Whether to take them now depends on the attitude to risk. With a conservative approach, for now, you can limit yourself to Bitcoin with Ether. If aggressive, take TOP alts and be ready to top up if Bitcoin goes under $28K.
According to Glassnode, the number of BTC that have not moved in over a year is at an all-time high. This is logical - since the beginning of the year the market has been falling, and the rational action is to accumulate an asset. Or at least not sell. But it is not the majority of Bitcoin owners who behave so rationally, but the owners of the largest amount of Bitcoin.
- Bill Miller, Elon Musk, Taylor and others will not sell Bitcoin at $30K or below. Rather, they will increase their positions. Contrary to the market crowd who will sell below $30K, having bought above $40K (or even above $50K). Crypto-winter is now evident, $20K levels BTC are on sight, it's also good to note there's a known huge forced seller down there. This sounds crazy, but $5K to the 2018 bottom of $3.1K could be taken out. At this point, it is the ability to use the brain for its intended purpose and act rationally.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin has been in the $29,800- $30,700 range since yesterday. Last night there was a short-term correction to $29,500, which was immediately bought out. At the time of writing the review, it is trading for $ 30,151. Total crypto market capitalization $1.299 Trillion, BTC & ETH dominance index of 44.3% and 19.1%. Fear index of 12.
Stock markets were up yesterday. The Nasdaq added 2.76%, the Dow Jones rose 1.34%, the S&P 500 gained 2.02% to close at 4088. The dollar index continued to decline and is now at 103.4, and BRENT is about 112.
The market was supported by good data on industrial production, then there was a speech by Powell. He recognized inflation as high and spoke about the need to make it low, spoke about the Fed's readiness to act aggressively and raise the rate above the neutral level, said that it was difficult to make forecasts, everything is unpredictable, geopolitics strongly influences the economy. Seems the markets did not fall on such a speech, because he said what the markets wanted to hear - at the next two meetings, the rate will be increased by 0.5%.
According to the US Treasury, China has been reducing investments in US bonds for the fourth month in a row. This is the same decline in the share of the dollar in reserves, which has long been talked about. The consequences of the theft of reserves of the Central Bank of Russia. I think many countries are doing the same now.
Bitcoin worked out the priority option from yesterday's review. This range is narrowing, and a denouement is close. The priority option for today is similar to yesterday. Expect Bitcoin in a range with a lower border of $29,200- $29,800, and an upper one at $30,800- $31,200.
An alternative option is fixing above $31,200.
Shaking out of the alts has not happened yet. When Bitcoin fixes above 32K, they will begin to recover and make good gains from current levels. True, in the case of working out an alternative option from here, entry prices will be even more interesting. Whether to take them now depends on the attitude to risk. With a conservative approach, for now, you can limit yourself to Bitcoin with Ether. If aggressive, take TOP alts and be ready to top up if Bitcoin goes under $28K.
According to Glassnode, the number of BTC that have not moved in over a year is at an all-time high. This is logical - since the beginning of the year the market has been falling, and the rational action is to accumulate an asset. Or at least not sell. But it is not the majority of Bitcoin owners who behave so rationally, but the owners of the largest amount of Bitcoin.
- Bill Miller, Elon Musk, Taylor and others will not sell Bitcoin at $30K or below. Rather, they will increase their positions. Contrary to the market crowd who will sell below $30K, having bought above $40K (or even above $50K). Crypto-winter is now evident, $20K levels BTC are on sight, it's also good to note there's a known huge forced seller down there. This sounds crazy, but $5K to the 2018 bottom of $3.1K could be taken out. At this point, it is the ability to use the brain for its intended purpose and act rationally.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 19.05.2022
Bitcoin fell from $30,200 to $28,700. At the time of writing the review, the price of the main cryptocurrency is $28,710. Total crypto market capitalization of $1.223 Trillion, BTC and ETH dominance index 44.8% and 19.0%, fear index 13.
Stock markets fell yesterday. They fell hard. The Nasdaq fell by 4.73%, the Dow Jones fell 3.57%, the S&P 500 lost 4.04% to close at 3923. The dollar index rose slightly and is now at 103.8, while BRENT is slightly above 110.
Tesla has been removed from the S&P 500 ESG index. Interestingly, this came just a day after Elon Musk lambasted Biden for being "teleprompter driven" and government actions that are leading to a depreciation of the dollar. He named the cause of inflation as not Putin, as Biden previously stated. They just printed a lot more dollars than they had real money. Musk said nothing new. Everyone has long known about inflation due to the generation of dollars, and that Biden has long been living in some kind of his own world is not news to anyone.
The priority option for Bitcoin today is trading range with a lower border at $28,700- $28,500 and an upper border at $30,800 - $31,200. An alternative option is fixing below $28,000.
Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout.. “Reading the stories of retail investors who lost their savings in one investment is heart- wrenching,” Novogratz’s blog post explains. “A core tenet in the crypto belief system is equal access to markets. But it’s important that less experienced market participants only risk what they are comfortable losing. I’ve often said people should allocate 1%-5% of their assets to the space.”
Lastly the German Ministry of Finance published a letter stating that if crypto assets were owned for more than a year, their sale is not taxed. If crypto assets were sold in the same year as they were bought, then they are taxed. Buying and holding crypto assets in the medium to long term is a win-win investment strategy (if the assets are right, of course). Germans, who correctly assess the current economic realities, will widely use this opportunity.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin fell from $30,200 to $28,700. At the time of writing the review, the price of the main cryptocurrency is $28,710. Total crypto market capitalization of $1.223 Trillion, BTC and ETH dominance index 44.8% and 19.0%, fear index 13.
Stock markets fell yesterday. They fell hard. The Nasdaq fell by 4.73%, the Dow Jones fell 3.57%, the S&P 500 lost 4.04% to close at 3923. The dollar index rose slightly and is now at 103.8, while BRENT is slightly above 110.
Tesla has been removed from the S&P 500 ESG index. Interestingly, this came just a day after Elon Musk lambasted Biden for being "teleprompter driven" and government actions that are leading to a depreciation of the dollar. He named the cause of inflation as not Putin, as Biden previously stated. They just printed a lot more dollars than they had real money. Musk said nothing new. Everyone has long known about inflation due to the generation of dollars, and that Biden has long been living in some kind of his own world is not news to anyone.
The priority option for Bitcoin today is trading range with a lower border at $28,700- $28,500 and an upper border at $30,800 - $31,200. An alternative option is fixing below $28,000.
Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout.. “Reading the stories of retail investors who lost their savings in one investment is heart- wrenching,” Novogratz’s blog post explains. “A core tenet in the crypto belief system is equal access to markets. But it’s important that less experienced market participants only risk what they are comfortable losing. I’ve often said people should allocate 1%-5% of their assets to the space.”
Lastly the German Ministry of Finance published a letter stating that if crypto assets were owned for more than a year, their sale is not taxed. If crypto assets were sold in the same year as they were bought, then they are taxed. Buying and holding crypto assets in the medium to long term is a win-win investment strategy (if the assets are right, of course). Germans, who correctly assess the current economic realities, will widely use this opportunity.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Good evening, Thoughts on the market on 20.05. 2022
Bitcoin, tested the lower boundary range of $28,800 and headed straight to its upper boundary. Total Crypto market capitalization of $1.231 Trillion, BTC and ETH dominance of 44.6% ETH: 18.9%. Fear index 13.
Stock indices were down yesterday. Nasdaq fell 0.26%, Dow Jones fell 0.75%, S&P 500 shed 0.58% to close at 3900. It has since continued to fall today at 3839. The dollar index too fell and is now around 103.14, expecting a correction to 101 levels.
Shares of Walmart Inc and TGT (retail), which crashed the stock market on May 18, continued to decline and lost 2.74% and 5.06% respectively.
Elon Musk reacted to the exclusion of TESLA from the index, which clearly occurred for reasons far from economics. Talking about ESG and all its environmental topics as a scam.
Talking about scams, an oil company i.e ExxonMobil enters the environmental rating, and the largest manufacturer of electric vehicles is thrown out of this same rating, it really looks like a scam. Not to mention the fact that it was the excessive passion for environmental issues that largely caused the current energy crisis in Europe. There is now a new topic: the health matter of monkeypox. Sweden, France and Italy have cases reported. New York authorities have already bought up several million doses of monkeypox vaccine, and Spain is also announcing its intention to do the same.
Interestingly, back in November 2021, Bill Gates spoke about the danger of new pandemics, called smallpox as a threat. Not a conspiracy theorist, but that's weird.
On the past pandemic- what benefits were received by the world elites. It turned out beautifully, it is difficult to resist repetition. Especially against the backdrop of the breakdown of the world order that existed before that, which is happening now.
The Economist magazine, known for its predictions, came out with a cover predicting a food crisis. We have talked about it here already. From an economic point of view, the food crisis is primarily inflation. Since the rise in food prices will force governments to distribute money to the population (otherwise the governments will be demolished), yet inflation is already at its peak.
Bitcoin worked out the priority option of yesterday's review, remaining in the range indicated there. From the lower border at $28,800, the price went above 30K, tested the strength of 30800. The priority option for today is the movement of Bitcoin in the range with the lower border of $28,800- $28,500 and the upper one at $30,800- $31,200. Ranging price movements can be boring.
The alternative option is fixing above $31,200. If the fall of the dollar index, which was noted yesterday, continues, the chances of working out the alternative option are growing. There is a $5,000 range window. The increase in the dominance index too, which is approaching 45%, should also be noted. When Bitcoin exits the range (in any direction), it will be within the $5K window as mentioned. .
Interesting - FTX exchange begins trading in real shares. So far only for the USA.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin, tested the lower boundary range of $28,800 and headed straight to its upper boundary. Total Crypto market capitalization of $1.231 Trillion, BTC and ETH dominance of 44.6% ETH: 18.9%. Fear index 13.
Stock indices were down yesterday. Nasdaq fell 0.26%, Dow Jones fell 0.75%, S&P 500 shed 0.58% to close at 3900. It has since continued to fall today at 3839. The dollar index too fell and is now around 103.14, expecting a correction to 101 levels.
Shares of Walmart Inc and TGT (retail), which crashed the stock market on May 18, continued to decline and lost 2.74% and 5.06% respectively.
Elon Musk reacted to the exclusion of TESLA from the index, which clearly occurred for reasons far from economics. Talking about ESG and all its environmental topics as a scam.
Talking about scams, an oil company i.e ExxonMobil enters the environmental rating, and the largest manufacturer of electric vehicles is thrown out of this same rating, it really looks like a scam. Not to mention the fact that it was the excessive passion for environmental issues that largely caused the current energy crisis in Europe. There is now a new topic: the health matter of monkeypox. Sweden, France and Italy have cases reported. New York authorities have already bought up several million doses of monkeypox vaccine, and Spain is also announcing its intention to do the same.
Interestingly, back in November 2021, Bill Gates spoke about the danger of new pandemics, called smallpox as a threat. Not a conspiracy theorist, but that's weird.
On the past pandemic- what benefits were received by the world elites. It turned out beautifully, it is difficult to resist repetition. Especially against the backdrop of the breakdown of the world order that existed before that, which is happening now.
The Economist magazine, known for its predictions, came out with a cover predicting a food crisis. We have talked about it here already. From an economic point of view, the food crisis is primarily inflation. Since the rise in food prices will force governments to distribute money to the population (otherwise the governments will be demolished), yet inflation is already at its peak.
Bitcoin worked out the priority option of yesterday's review, remaining in the range indicated there. From the lower border at $28,800, the price went above 30K, tested the strength of 30800. The priority option for today is the movement of Bitcoin in the range with the lower border of $28,800- $28,500 and the upper one at $30,800- $31,200. Ranging price movements can be boring.
The alternative option is fixing above $31,200. If the fall of the dollar index, which was noted yesterday, continues, the chances of working out the alternative option are growing. There is a $5,000 range window. The increase in the dominance index too, which is approaching 45%, should also be noted. When Bitcoin exits the range (in any direction), it will be within the $5K window as mentioned. .
Interesting - FTX exchange begins trading in real shares. So far only for the USA.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the Crypto Market on 21.05.2022
Bitcoin once again tested the lower limit of the trading range, as was indicated in yesterday's review, after which it returned above $29,000. At the time of this writing it's trading for $29,266. Total Crypto Market capitalization $1.249 billion, BTC and ETH dominance index of 44.6% , 19.0%. Fear index 13.
Stock indices yesterday started the session with a strong decline, Nasdaq fell 0.3%, Dow Jones rose 0.03%, S&P 500 rose 0.01% to close at 3901. The dollar index closed near 103, Oil BRENT at 112.
At the beginning of the trading session, the S&P 500 updated the annual low, coming close to 3800, but the support once again resisted and the index returned to its original level. To everything else (inflation, energy and food crisis, the threat of a big war), monkeypox has now been added. Given a number of factors (the inadequacy of the WHO response, the US purchase of a vaccine for 119 million from the Danish company Bavarian Nordic, warnings from Bill Gates about the threat of smallpox back in 2021), it is likely that it is being prepared as a replacement for corona psychosis.
In order to be prepared, the health ministers of the G7 countries in Berlin apparently rehearsed the emergency – with a fictitious illness. Health ministers of the seven leading industrialized countries (G7) discussed the fight against global health crises in Berlin. Future pandemics would have to be recognized more quickly and contained in closer coordination, Federal Minister of Health Karl Lauterbach (SPD) had made it clear in advance as the host. According to “Bild”, the ministers want to play through a concrete scenario. The aim is to simulate a smallpox pandemic that was transmitted to a human through a leopard bite. Source: Who and under what circumstances would be bitten by a leopard, anyway this strongly resembles a bat in a market in Wuhan at the start of coronapsychosis. Monkeypox is a viral zoonotic disease that occurs primarily in tropical rainforest areas of Central and West Africa and is occasionally exported to other regions. Monkeypox typically presents clinically with fever, rash and swollen lymph nodes and may lead to a range of medical complications.
Producer prices (PPI) in Germany rose by 33.5% in April. This is the highest since 1949.
From inflation, regional currencies, the issuers of which struggled with economic problems according to the methods of the Fed (generating money out of thin air), will suffer much more than the dollar.
With Bitcoin working out the priority option of our review. The test of the support area at $28,800- $28,700 is taking place for the third time this week. On the thin weekend market, do not rule out corrections towards $28K, butt by Monday we will be in the same range (lower limit $28,800- $28,500, upper limit $30,800- $31,200.
Interestingly, Vitalik Buterin stopped being the youngest billionaire due to the fact that Ethereum fell. This is temporary. I think he will regain this status by the second half of the year. And in 5-10 years, he will be included in the Forbes list. Unless, of course, by that time the fortunes will still be counted in dollars.
- CTO Tether stated that Terra was not a scam, it was just that the project was not well thought out.
- Binance CEO CZ also did a write up “ CZ’s FAQ 8 - On LUNA/UST and Taking the Right Risks” The link: https://www.binance.com/en/blog/leadership/czs-faq-8--on-lunaust-and-taking-the-right-risks-421499824684903883
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin once again tested the lower limit of the trading range, as was indicated in yesterday's review, after which it returned above $29,000. At the time of this writing it's trading for $29,266. Total Crypto Market capitalization $1.249 billion, BTC and ETH dominance index of 44.6% , 19.0%. Fear index 13.
Stock indices yesterday started the session with a strong decline, Nasdaq fell 0.3%, Dow Jones rose 0.03%, S&P 500 rose 0.01% to close at 3901. The dollar index closed near 103, Oil BRENT at 112.
At the beginning of the trading session, the S&P 500 updated the annual low, coming close to 3800, but the support once again resisted and the index returned to its original level. To everything else (inflation, energy and food crisis, the threat of a big war), monkeypox has now been added. Given a number of factors (the inadequacy of the WHO response, the US purchase of a vaccine for 119 million from the Danish company Bavarian Nordic, warnings from Bill Gates about the threat of smallpox back in 2021), it is likely that it is being prepared as a replacement for corona psychosis.
In order to be prepared, the health ministers of the G7 countries in Berlin apparently rehearsed the emergency – with a fictitious illness. Health ministers of the seven leading industrialized countries (G7) discussed the fight against global health crises in Berlin. Future pandemics would have to be recognized more quickly and contained in closer coordination, Federal Minister of Health Karl Lauterbach (SPD) had made it clear in advance as the host. According to “Bild”, the ministers want to play through a concrete scenario. The aim is to simulate a smallpox pandemic that was transmitted to a human through a leopard bite. Source: Who and under what circumstances would be bitten by a leopard, anyway this strongly resembles a bat in a market in Wuhan at the start of coronapsychosis. Monkeypox is a viral zoonotic disease that occurs primarily in tropical rainforest areas of Central and West Africa and is occasionally exported to other regions. Monkeypox typically presents clinically with fever, rash and swollen lymph nodes and may lead to a range of medical complications.
Producer prices (PPI) in Germany rose by 33.5% in April. This is the highest since 1949.
From inflation, regional currencies, the issuers of which struggled with economic problems according to the methods of the Fed (generating money out of thin air), will suffer much more than the dollar.
With Bitcoin working out the priority option of our review. The test of the support area at $28,800- $28,700 is taking place for the third time this week. On the thin weekend market, do not rule out corrections towards $28K, butt by Monday we will be in the same range (lower limit $28,800- $28,500, upper limit $30,800- $31,200.
Interestingly, Vitalik Buterin stopped being the youngest billionaire due to the fact that Ethereum fell. This is temporary. I think he will regain this status by the second half of the year. And in 5-10 years, he will be included in the Forbes list. Unless, of course, by that time the fortunes will still be counted in dollars.
- CTO Tether stated that Terra was not a scam, it was just that the project was not well thought out.
- Binance CEO CZ also did a write up “ CZ’s FAQ 8 - On LUNA/UST and Taking the Right Risks” The link: https://www.binance.com/en/blog/leadership/czs-faq-8--on-lunaust-and-taking-the-right-risks-421499824684903883
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Binance Blog
CZ’s FAQ 8 - On LUNA/UST and Taking the Right Risks
In the past week, it’s been difficult to escape the UST/LUNA crash. In fact, every interview I participated in revolved to some extent around the situation. To clarify my thoughts on the topic, I’ve collected my answers together, including my views, lessons…
Thoughts on the Crypto market on 23.05.2022.
Bitcoin spent the weekend in the $29,000- $30,500 range. In the last 6 hours we have seen 3 attempts to go above $30,500 with no success. At the time of this writing it is trading $30,140. Total Crypto Market capitalization of $1.286 Trillion, BTC and ETH dominance index of 44.6% and 19.1%, fear index of 10.
Stock markets opened higher. Futures on the S&P 500 are in positive territory, the dollar index is below 103 and continues to decline.
What happened over the weekend? The subject of monkeypox is moving - Belgium is already introducing a 21-day quarantine for those with monkeypox. Only less than 100 people have fallen ill in the world. Truth is monkeypox has always existed. Somehow, vaccination programs are already being prepared.
- Back in March, we spoke about the possible intention of Poland to enter the Western Ukrainian regions. It seems that there are movements in this direction.
Today there will be data on CFNAI (inflation and general economic activity). As a rule, it does not particularly affect the market, except that the values will be very different from the forecast. FED Chair Jorome Powell has a speech tomorrow too.
Today is the first day of the economic forum in Davos, where they can give out anything they want and influence the markets quite significantly.
Bitcoin behaved calmly and predictably over the weekend, remaining within the priority option. The resistance area shifted to $30,500, with three unsuccessful attempts to go higher at night.
The priority option for today is a range with an upper border at $30,500- $30,800 and a lower border at $28,800- $28,500. Alternative - fixing above $30,800.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin spent the weekend in the $29,000- $30,500 range. In the last 6 hours we have seen 3 attempts to go above $30,500 with no success. At the time of this writing it is trading $30,140. Total Crypto Market capitalization of $1.286 Trillion, BTC and ETH dominance index of 44.6% and 19.1%, fear index of 10.
Stock markets opened higher. Futures on the S&P 500 are in positive territory, the dollar index is below 103 and continues to decline.
What happened over the weekend? The subject of monkeypox is moving - Belgium is already introducing a 21-day quarantine for those with monkeypox. Only less than 100 people have fallen ill in the world. Truth is monkeypox has always existed. Somehow, vaccination programs are already being prepared.
- Back in March, we spoke about the possible intention of Poland to enter the Western Ukrainian regions. It seems that there are movements in this direction.
Today there will be data on CFNAI (inflation and general economic activity). As a rule, it does not particularly affect the market, except that the values will be very different from the forecast. FED Chair Jorome Powell has a speech tomorrow too.
Today is the first day of the economic forum in Davos, where they can give out anything they want and influence the markets quite significantly.
Bitcoin behaved calmly and predictably over the weekend, remaining within the priority option. The resistance area shifted to $30,500, with three unsuccessful attempts to go higher at night.
The priority option for today is a range with an upper border at $30,500- $30,800 and a lower border at $28,800- $28,500. Alternative - fixing above $30,800.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Thoughts on the market on 24. 05. 2022
Bitcoin maintains the trading range, with another test of its lower limit. As of the time of writing the review is worth $29.300. With a total crypto market capitalization of $1.260 Trillion, fear index of 12. BTC and ETH dominance index of 44.2% and 18.9% ,
Stock markets were up yesterday. The Nasdaq rose 1.59%, the Dow Jones added 1.98%, the S&P 500 gained 1.86% to close at 3973. The dollar index continues to decline and is now at 102.24
Shares of Apple saw an increase notably of (more than 4%) and JPMorgan (6.19%). This growth is more likely another dead cat bounce. The S&P 500 has not returned above 4000, is still close to 3800, and ahead of the speeches of the Fed representatives (today 4 speeches) and reports of retail companies, which has all the ingredients to shake the markets. There is also an elevated talk of “freedom of speech” in social networks. Davos, talks are now centered on recession and about the global threat of hunger, we have already talked about this here.
Bitcoin worked out the priority option of yesterday's review while continuing to remain in the indicated trading range. Price failed to pass the resistance area at $30,500- $30,800, there was a test of $28,800 and now a return above 29K.
Alts seem to come to life, this is always the case when Bitcoin is in a range for a long time.
With a further decline in the dollar index, the main cryptocurrency has a chance to soon pass the resistance area at $30,500- $30,700. The priority option for today is the previous trading range with the upper limit at $30,500 - $30,800 and the lower limit at $28,800 - $28,500.
Alternative - fixing above $30,800.
Some data, according to a survey by the US Federal Reserve, in 2021, 12% of Americans owned crypto. We recall the $1,200 stimulus cheques and subsequent deposits of the same amounts on Coinbase at the very beginning of Covid-19.
Lastly, a managing partner at Guggenheim, Scott Minerd talked about Bitcoin at 8K during an interview in the ongoing Davos forum. He said Bitcoin could drop further and fall to $8,000 from its current levels. This would be more than 70% from a price of just over $30,000. If Minerd’s forecast comes true, it would inflict further pain on bitcoin and the broader cryptocurrency market which has seen around $500 billion wiped off its value in the past month. Interestingly, at the end of 2020, he announced Bitcoin would rally to $400K. Guggenheim partners have 325 billion dollars in assets under management. He also said that most crypto is “junk” but that bitcoin and ethereum will survive. Minerd’s comments come after European Central Bank President Christine Lagarde said cryptocurrencies are “worth nothing.” I wonder why the interest in Bitcoin, yet reading from their balance sheet he ought to be focusing on what is at hand.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research
Bitcoin maintains the trading range, with another test of its lower limit. As of the time of writing the review is worth $29.300. With a total crypto market capitalization of $1.260 Trillion, fear index of 12. BTC and ETH dominance index of 44.2% and 18.9% ,
Stock markets were up yesterday. The Nasdaq rose 1.59%, the Dow Jones added 1.98%, the S&P 500 gained 1.86% to close at 3973. The dollar index continues to decline and is now at 102.24
Shares of Apple saw an increase notably of (more than 4%) and JPMorgan (6.19%). This growth is more likely another dead cat bounce. The S&P 500 has not returned above 4000, is still close to 3800, and ahead of the speeches of the Fed representatives (today 4 speeches) and reports of retail companies, which has all the ingredients to shake the markets. There is also an elevated talk of “freedom of speech” in social networks. Davos, talks are now centered on recession and about the global threat of hunger, we have already talked about this here.
Bitcoin worked out the priority option of yesterday's review while continuing to remain in the indicated trading range. Price failed to pass the resistance area at $30,500- $30,800, there was a test of $28,800 and now a return above 29K.
Alts seem to come to life, this is always the case when Bitcoin is in a range for a long time.
With a further decline in the dollar index, the main cryptocurrency has a chance to soon pass the resistance area at $30,500- $30,700. The priority option for today is the previous trading range with the upper limit at $30,500 - $30,800 and the lower limit at $28,800 - $28,500.
Alternative - fixing above $30,800.
Some data, according to a survey by the US Federal Reserve, in 2021, 12% of Americans owned crypto. We recall the $1,200 stimulus cheques and subsequent deposits of the same amounts on Coinbase at the very beginning of Covid-19.
Lastly, a managing partner at Guggenheim, Scott Minerd talked about Bitcoin at 8K during an interview in the ongoing Davos forum. He said Bitcoin could drop further and fall to $8,000 from its current levels. This would be more than 70% from a price of just over $30,000. If Minerd’s forecast comes true, it would inflict further pain on bitcoin and the broader cryptocurrency market which has seen around $500 billion wiped off its value in the past month. Interestingly, at the end of 2020, he announced Bitcoin would rally to $400K. Guggenheim partners have 325 billion dollars in assets under management. He also said that most crypto is “junk” but that bitcoin and ethereum will survive. Minerd’s comments come after European Central Bank President Christine Lagarde said cryptocurrencies are “worth nothing.” I wonder why the interest in Bitcoin, yet reading from their balance sheet he ought to be focusing on what is at hand.
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #markets #dollar #oil #research