Despite the banking industry turmoil, central banks continued to raise rates last week. This marked moves from the European Central Bank (ECB) by 50Bps, Federal Reserve (Fed) by 25Bps, Bank of England by 25Bps, Swiss National Bank by 50Bps, Norway by 25Bps, the Philippines by 25Bps, and Taiwan by 12.5Bps. Central banks appear determined to show they have the tools...
Technical Analysis and Outlook: With the completed downfall to our Completed Outer Coin Dip of $19,700 on March 10, the coin rebounded strongly to an Outer Coin Rally of $26,000 and $27,000, respectively, as shown on the Daily Chart Analysis Update For the Week of February 17. The current upside target is the Intermediate Outer Coin Rally of $29,200 and Outer Coin...
At the beginning of the year OANDA:XAUEUR broke the down side channel. While banks are bankrupting, we see once again gold is the safe heaven for many people. Most importantly for the central banks which have been accumulating physical gold. FED and ECB will struggle to further increase the interest rates. We may see new ATH within a couple of months! Crazy...
Technical Analysis and Outlook: The coin continued to downfall passed our Mean Supports of $21,500 and $20,476 this week to complete the Outer Coin Dip of $19,700. Once this completed knockdown is verified and validated by Trade Selecter System, we will see the rebound - the initial target of Mean Res of $20,900 with a possible extension to Mean Res of $22,500....
Technical Analysis and Outlook: The coin continues our technical analysis scenario from the previous week showing an earmark move to Mean Sup $21,500 as a primary destination. Once this knockdown market cools off, we will see a resurgence to the upside - the initial target of Mean Res of $23,600 with a solid rally to Key Res of $25,000 and the strong possibility...
A bullish engulfing candle formed on Friday thanks to a hot US inflation report. The fact that incoming BOJ governor Ueda delivered a dovish message at his confirmation hearing simply adds to our bullish conviction on USD/JPY. Prices are now consolidating on the 1-hour timeframe, so we'd welcome any pullback towards the weekly pivot point to consider long setups,...
Technical Analysis and Outlook: After hitting our Key Res $24,500, as shown on the Bitcoin Daily Chart Analysis Update For the Week of Feb 17, the coin is retreating aggressively, striking our target of the Mean Sup $23,500 as marked and showing an earmark move to Mean Sup $21,500. Once this puppy settles down, we will see a resurgence to the upside - the initial...
Technical Analysis and Outlook: The coin is resting comfortably at our Key Res $24,500, as shown on the Bitcoin Daily Chart Analysis Update For the Week of Feb 16. We expect a pullback to our Mean Sup $23,500 for this week's price action. Once this puppy settles down, we will see a resurgence to the upside - the initial target of Key Res $24,500 (Retest) with a...
Technical Analysis and Outlook: Bitcoin hit our initial progressive pullback Mean Sup $22,500 and extended a retreat to Mean Sup $21,500 on Friday as shown on Bitcoin Daily Chart Analysis For the Week of Feb 3. Once this puppy flushed out weak-longs, resumption to the upside shows the initial target of Mean Res $22,650 with a possible rally all the way to the Mean...
central bank balance sheets central bank rates central bank - mandate - inflation central bank - mandate - employment
Technical Analysis and Outlook: Bitcoin extended a progressive rebound to a new Mean Res $24,000 - with the expectation of a pullback to the Mean Sup $22,500 and, possibly, an extension to Mean Sup $21,500. Once this puppy flushes out weak-longs, resumption to retest the Mean Res $24,000 and the Key Res $24,500 is imminent with a rally all the way to the Outer...
Technical Analysis and Outlook: The coin hoovered under our completed with conformation Outer Coin Rally of $23,300 throughout the week - expect a pullback to the newly created Mean Sup $22,500 and, as a bonus, Mean Sup $21,500. Once this puppy flushes out weak-longs, resumption to retest the Outer Coin Rally of $23,300 and $26,000 is inevitable.
Friends, fundamentally things could not be looking any better for Ethereum. Multiple Central Banks are now building on Ethereum infrastructure. (1)(2)(3) Treasury Tokenization thanks to Blackrock (will increase TVL ) (4) Circle launching a Euro Stable Coin - which will increase adoption. (5) Additional stable coins to follow! Uniswap entering...
Thesis: Increased Central Banks' balance sheets leads to currency debasement. Following from previous study into the increase in the Central Banks' Balance sheet. Chart: DOLLAR INDEX WITH MAJOR CURRENCIES OVERLAID. To track %-changes of each currency relative to the US-Dollar 1/ from 1976 (removal of last tethers of gold standard) and 2/ from 2016. 'Strange'...
Technical Analysis and Outlook: Bitcoin completed the Outer Coin Rally of $21,200 and Key Res $ 21,300 on January 14 and stayed very near the outcome throughout the week - busting through on Friday with follow-through on Saturday to complete the interim Outer Coin Rally of $23,000 (Not shown 60 min chart). The pending confirmation is in the process - Once...
I have to re-visit this. I am struggling to get 2 charts on the screen. Sorry for the dealy. If the sell-off on Dow Jones, or the rally on Gold have anything to do with tapering the Central Banks' Balance sheets, they have a lot to talk about in Davos. Notice the Difference between the M3 and Central Banks' Balances. BOTH IS RELATIVE AND REAL...
Technical Analysis and Outlook: Bitcoin surged above $21,000 on Saturday for the first time in two months as the crypto rammed through our Mean Res $17,000, Mean Res $17,800, Mean Res $18,500, and Outer Coin Rally $19,100 throughout the week. The price action signifies a completed Outer Coin Rally of $21,200 (Not shown - 60 min chart) and significant Key Res...
Hello guys! Here is a quick summary of what happened in the market today, especially in the Japanese one, after the Bank of Japan surprised everyone. On Tuesday, the Bank of Japan made its first move towards a shift away from ultra-loose monetary policy after weeks of speculation. As part of an adjustment to its yield curve control policy, the BoJ decided to...