Bitcoin and ETH could fall over and create carnage into Indexes
Share markets continue to chop around the lows with bulls trying to build a base to drag in more reluctant buyers. Inflation and rate rise concerns continue to weigh on markets as the Focus is on economic numbers. If the data shows the start of a slowing economy while inflation remains strong...we could see some serious selling into share markets.
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
BITCOIN and ETHEREUM remained trading around recent lows. Prices seem to be consolidating the lows which may not be a good sign for bulls. If the share markets can not engineer a rally from current levels then BTC and ETH could start to move lower as bulls get impatient and are forced to close longs.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
BITCOIN and ETHEREUM remained trading around recent lows. Prices seem to be consolidating the lows which may not be a good sign for bulls. If the share markets can not engineer a rally from current levels then BTC and ETH could start to move lower as bulls get impatient and are forced to close longs.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
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