BTCUSD will be under pressure of new regulations, worsening economic situation that will force some small holders to sell. Recession perspective and unknown direction of inflation will put additional pressure. BlackRock and Coinbase effect will be after 6-8 months due to legal and practical aspects. Expected level is around, $15000.
S&P 500 is in a downtrend, bouncing from resistance line and coming up to resistance. What is dangerous is that each bounce is higher. It may lead to real correction in coming months. I would say that within 6 months I expect major correction for 10-15% minimum.
Futures for Black Sea Wheat are clearly on the downside due to fundamental reasons. Finally, Ukrainian Wheat is transported by ships and also from the Baltic Sea through Poland, Lithuania and Latvia. It is relief for many reasons like global hunger, stabilization of basic food prices etc. Emotion are playing a role here and market is on the optimistic side.
Wheat is in short trend. The reason is connected with optimism connected with new harvest and opening a new sea route for Ukrainian wheat through the Danube. A lot of wheat is transported through Poland and new logistic infrastructure like grains terminals are under construction. However, market sentiment may change quickly if military activity will disrupt new...
My prediction for BTCUSD is that it will return to level, $21,170 within 72 hours. Answer is on market makers positions and growing bullish optimism. Market makers will take stop-losses and keep creating the market.
ETHUSD showed revival and started ranging. It looks like a successful test of testnet Merge was the reason for optimism. However, fundamentals are working, and many asset managers will cut positions on crypto assets. Many funds and companies in crypto environment may not survive this crisis. Crisis is coming and many small hodlers will be forces to cut their...
Today, EURUSD should gravitate to lower levels going in direction of long-term resistance 1.03575, but may bot touch this Supply level within next days.
S&P 500 is in a clear downtrend. Fundamental reasons are strictly connected with expected increases of interest rates in the USA and outflow of capital from equities to bonds. Increase of bond's profitability will push equities down. Even if there will be short uptrends, downtrend will dominate in next weeks or even months.
EURUSD is in downtrend since 07th of January 2021 due to declaration of increasing interest rate in the USA by FED and limiting bond buying action for 120 billion every month. It was a reaction to increasing inflation. Inflation was caused by FED action low interest rates and buying bonds action, if we apply monetary theory of supply and demand of money. Naturally...
It looks that there is a symmetry in BTCUSD chart around 12.5k.
In my opinion, there is space for correction to level 12,5 k, some consolidation, and after some time dynamically regaining value. Why? It is a crystal ball, but there is symmetry on the chart, #recession fear will dominate for some time. #crypto assets are considered by portfolio managers as a new...
Wheat futures were very regular since 22nd of May. On 9th of June pattern was broken and Wheat contracts are ranging. They hit previous resistance line and bounce again. Probably it is connected with development of negotiations about possibility of opening the Black Sea to civil ship to transport Ukrainian grains. Another development is opening new railway lines...
