Turning point or BullTrap! 14 July 2022, the day after tomorrow

25 Jul 2022

📈 Turning point or BullTrap! 14 July 2022, the day after tomorrow

Retail sales rose 1.0% in June, the most robust pace in three months, and above expectations for a 0.8%.

Following the report, economists at Jefferies pointing to the fall in gas prices, signaled optimism for a further boost in consumer spending that could set up the economy “for much stronger GDP growth in Q3.”

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Recap since this day:

• Dollars American lost 2.30% since the 14 July
  Crypto market +20% since 14july 60daySMA= 1,24T
  BTC +24% since 14july , 60day SMA=28k
  ETH +60% since 14july, 60days SMA=1,9k
  BTC puell multiple goes from 0.34 to 0.52, since 14 July, miner profitability has increased by 52%, and still below 0.64 marking the end of the bear market (DCA zone still on 24 July then)
  12 days until the next waning crescent (5 august), BTC can go up another 28%
  Euro/USD has de-peg on the 14 July felling below the 1$ mark at 0,99500€\1$ and went up 3% since then
  USOIL touched the 0,618 Fibonacci lines at 91$ the barrel (golden ratio) the 14 July. A rebound is expected if we touch this price multiple times in the coming days
  TSL +24% since 14july
  

https://www.tradingview.com/x/e1XOvYOS/
https://www.tradingview.com/x/Z6teGtUz/
https://www.tradingview.com/x/AvMSxJAP/
https://www.tradingview.com/x/xNyzjx3z/
https://www.tradingview.com/x/Xlljkn43/
https://www.tradingview.com/x/hGQ9RbIu/
https://www.tradingview.com/x/ubEsudQ9/

25 Jul 2022

Catatan

(Typographical error) Euro /USD has de-peg on the 14 July falling below the 1$ mark at 0,99500€\1$ and went up 3% since then