#Bitcoin and Indicies grasped some breath for 6 days in a row on positive momentum. Many retail traders have shifted their bias, speculating 2022 to be a correction and not the start of a major crash welcoming recession. Was 2022 a correction phase rather than a crash ? Or is it just the first leg down we've seen ! Worth mentioning is that S&P500 gave up all the gains made since pandemic's rally, but has recently started pumping on support-resistance level. DJIA as well felt massively, so did NSDQ Many may be in the same spectrum of seeing the financial markets, as they on short term are expecting CPI numbers rolling out lower compared to previous datas. Some macro-economics experts have speculated as well for CPI to be sitting at 5% give or take by 2023, trusting Fed's Decisions for 'Inflation Reduction' It's a total mess ! Nobody knows for certain how things will play out on fall and winter season, especially for the Poor Europe over an Energy Crisis due to Russia gas supply being cut-off, combined with high Inflation of Feds M2 monopoly. Climate change will have it's effects felt more on the seasons to come for the rest of 2022, prices may surge up on necessities. Pakistan is underwater as a result of climate change, while on some other countries, droughtiness has caused grains and crops to be totally useless Euphrat Rivers has been on it's record lows regarding it's water levels, more then 80%. Have your heard about the Mountain of Gold prohpecy that will unveil itself from underneath Euphrat's river floor, a river which is Geo-Politically positioned on Middle East. What will that mountain of Gold cause during these Economics Troubleshoot, this crooked Monopoly of Money Printing that has enslaved 99% of the human population.
Confluences as per Bitcoin sitting on another perfect Short Opportunity ;
- Fibb Retracement Swing High to Swing Low from 25k to 18.5K, price currently sitting at 0.618 zone - Red Trendline Resistance from All Time High 69.000$ - Huge Bearish Flag Trendline Break-down& retest ( on Orange Dashed Colour) - Price action(at least some correction from the previous Week/6 days)
SL can be adjusted from 23k-25k, adjust it to your own appetite !
TRADE SAFE !
Nota
DXY *D Printing it's next Higher Low Chekc out the related idea of DXY 111/125 for more information
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