Log in

Tag: scripsio

? Daily Crypto News, September, 11th?

September 11, 2019 (updated September 11, 2019) Published by
  • Survey: 40% of Millennials Look to Crypto in the Event of Recession ;
  • CoinDesk LIVE from Invest: Asia in Singapore ;
  • Coinbase May Soon Launch an Initial Exchange Offering Platform ;
  • Libra Association Seeks Swiss Payments License for Facebook’s Crypto ;
  • Powerful New Ethereum Miner Reaches Final Stage Before Mass Production ;
  • ? Daily Crypto Calendar, September, 11th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Survey: 40% of Millennials Look to Crypto in the Event of Recession

New data suggests 40% of millennials would prefer to invest in crypto assets in the event of a recession.


In a news release shared with Cointelegraph on Sept. 10, multi-asset investment platform and social network eToro cited a survey on generational investment conducted from July 18 to July 31 among 1,000 online investors in the United States. Respondents aged between 20 and 65 years represented Generation Z, millennials, and Generation X.


The survey found that more than two-thirds of U.S.-based investors are afraid of a recession, and would consider converting part of their stock portfolios to safer investments or hedge with crypto assets, commodities or real estate.

Millennials favor crypto assets


Among survey participants, 40% of millennials said that they would prefer to invest in crypto assets if a recession occurs, while 50% of Gen Z said they would choose real estate. As for Gen X, 38% said that they would hedge with commodities. Guy Hirsch, managing director of eToro U.S., said:


“We believe that if a recession were to occur, we’d see shrinking stock portfolios and growth in other asset classes like crypto, as well as new fractional ownership models. Historically, these investment opportunities have been limited to high net worth and institutional investors, but innovation is unlocking these opportunities for everyday investors and clearly, these results indicate that the demand is there.”

?CoinDesk LIVE from Invest: Asia in Singapore

Join us live from the show floor at Invest: Asia, our premier crypto global investment event.


For the next two days we’ll be talking to folks like Jocelyn Chang of MakerDAO, Jeremy Allaire of Circle, and Benjamin Soong of Ledger. You’ll be able to chat with us on YouTube, ask questions and interact with our guests as we explore the booming Asian markets.

? Coinbase May Soon Launch an Initial Exchange Offering Platform

San Francisco-based cryptocurrency exchange Coinbase may soon issue a proprietary exchange token, according to Coinbase’s head of institutional sales in Asia, Kayvon Pirestani.


Speaking on a panel Wednesday about the evolution of cryptocurrency capital formation at CoinDesk’s Invest: Asia conference, Pirestani said an initial exchange offering (IEO) platform is one of several capital-formation tools currently being explored by Coinbase.


“We think there’s a really interesting opportunity there for Coinbase,” said Pirestani, adding:
“In a nutshell, Coinbase is carefully exploring not only the IEO space but also STOs [security token offerings]. But I can’t make any formal announcements right now.”

? Libra Association Seeks Swiss Payments License for Facebook’s Crypto

Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11. 


“Regulated, low-friction, high-security” blockchain payments


In an official statement today, the Switzerland-registered Libra Association — a not-for-profit membership organization established to govern the Libra network — explained its choice to coordinate a regulatory framework with the Swiss watchdog:


“Switzerland offers a pathway for responsible financial services innovation harmonized with global financial norms and strong oversight. We are engaging in constructive dialogue with FINMA and are encouraged to see a feasible pathway for an open-source blockchain network to become a regulated, low-friction, high-security payment system.”

? Powerful New Ethereum Miner Reaches Final Stage Before Mass Production

FAfter a nine-month delay and $3.8 million of investment, an upstart manufacturer is ready to produce its first batch of powerful new machines for mining cryptocurrencies ethereum and ethereum classic.


Linzhi, based in Shenzen, China, said Wednesday it had ordered 37 wafers from Taiwan Semiconductor Manufacturing Company, the main parts that will allow it to build about 200 application-specific integrated circuit (ASIC) miners.
These sample units will test whether the machines can mine as efficiently as they are designed to do using ethash, the proof-of-work algorithm used on ethereum and ethereum classic.resh data from the Japan Virtual Currency Exchange Association (JVCEA) has revealed that as of April 2019, the value of yen-denominated Bitcoin (BTC) holdings has outstripped those in XRP on domestic exchanges. 


As Cointelegraph Japan reported on Sept. 10, the surge in the value of exchanges’ Bitcoin holdings coincides with the beginning of Bitcoin’s 2019 bullish uptrend, which saw the top cryptocurrency hit close to $14,000 by late June. 

image.png

? Daily Crypto Calendar, September, 11th?

“CloakCoin competition : solve the CloakCoin ENIGMA transaction.”

DeFi Summit from September 10 – 11 at Imperial College in London.

Golem September AMA on Reddit at 6 PM CEST.

Expected start of expansive online Tael cryptocurrency-focused advertisement campaign.

“BEAM Ukraine: Privacy&Coffee”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are testing the support line at 0.164$ that I was explaining you yesterday. I don’t think that this support will stay alive if the BTC breaks the 10k$. We could go test directly our lows around 0.155$ if it was the case. Let’s hope buyers will be there in waiting mode and will avoid that we break it.

image.png

Last Updates

image.png

Join this new Free To Play on the STEEM Platform !

Wall Street Secrets Revealed #4 – The Inverted Yield Curve…The Greatest Recession Predictor (Remix)

September 10, 2019 Published by

The financial theme in 2019
has been the inverted yield curve.  Why
is it so important…it’s only predicted the 5 or 6 recessions, meaning it has
given no false signals going back 50 years. 
Another signal of a pending recession came last week when the US purchasing-managers
index contracted to 49.9 in August from 50.4 in July, the first such shrinkage
in almost 10 years.

The discussion of inverted yield curves is so important that I decided to repost my post on the topic from more than a year ago…withouth further ado.

A bond is like an IOU given to you by a bank. When you lend the bank money, they’ll give you back that same amount at a later time along with a fixed amount of interest. For example, if you bought a two-year bond for $100 with a 2% annual return on it, you get $104.04 back after two years. Bonds have a number of benefits that justify the small rate of return. Government bonds are stable investments and bonds issued by the US government have never defaulted…YET.

The term yield curve refers to the relationship between the short- and long-term interest rates of fixed-income securities issued by the U.S. Treasury. Typically, short-term interest rates are lower than long-term rates reflecting higher yields for longer-term investments due to the higher risks associated with long dated maturities. Also, in a growing economy, investors demand higher yields at the long end of the curve to compensate for the opportunity cost of investing in bonds versus other asset classes.

As the economic cycle begins to slow, the upward slope of the yield curve tends to flatten as short-term rates increase and longer yields stay stable or decline slightly. As concerns of an impending recession increase, investors tend to buy long Treasury bonds as a safe harbor from falling equities markets. As more and more investors begin to buy long-term bonds, the Federal Reserve lowers the yield rates. Since investors aren’t buying a lot of short-term U.S. Treasury bonds, the Fed will make those yields higher to attract them. Eventually, the yield on short-term bills rises higher than the yield on long-term bonds, and the yield curve inverts.

The inverted yield curve is the single greatest indicator of a coming bear market. The inverted yield curve has predicted the past 5 recessions going back to the late 1970’s. Every time the yield curve turns negative, a recession has occurred in the near future. Since 1956, equities have peaked six times after the start of an inversion in the yield curve and the economy has fallen into recession within seven to 24 months.

The most recent inverted yield curve first appeared in August 2006, as the Fed raised short-term interest rates in response to overheating equity, real estate and mortgage markets. The inversion of the yield curve preceded the peak of the S& P 500 in October 2007 by 14 months and the official start of the recession in December 2007 by 16 months, eventually leading to the Great Recession in which the S&P 500 dropped 50%.

This next inversion is upon us right now. Based on history, I’m predicting the yield curve will invert by the end of the year, the Markets will peak in 2019 and we will be in a recession in 2020 (a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters).

However, this time around balance sheets of the Fed and Treasury extremely over leveraged right from the start. Our national debt over $20 trillion dollars and the Fed’s balance sheet at $4.5 trillion. Thus, when the yield curve inverts for the third time this century, you can expect unprecedented chaos in markets and the economy to follow shortly after because the yield curve will not only invert at a much lower starting point than at any other time in history. This represents a huge opportunity for those that can identify these inflection points and know where to invest. Be sure I will be here to tell you those opportunities and how to protect your capital.

Source

Wall Street Secrets Revealed #7 – The Greenshoe Option – Part 2

Wall Street Secrets Revealed #7 – The Greenshoe Option

Wall Street Secrets Revealed #6 – The Smart Money Is Always Right & Always On The Other Side Of Our Trades

Wall Street Secrets Revealed #5 – Timing The Next Market Crash Using Margin Debt As An Indicator – Part 2

Wall Street Secrets Revealed #5 – Timing The Next Market Crash Using Margin Debt As An Indicator

Wall Street Secrets Revealed #4 – The Inverted Yield Curve…The Greatest Recession Predictor

Wall Street Secrets Revealed #3 – Timing The Next Stock Market Crash

Wall Street Secrets Revealed #2 – Did You Buy The Milk This Week??? – Part 2

Wall Street Secrets Revealed #1 – The Hedge Funds Are Coming To Crypto – Part 2

Wall Street Secrets Revealed #3 – Why The Market Went Down 10%

Wall Street Secrets Revealed #2 – Did You Buy The Milk This Week???

Wall Street Secrets Revealed #1 – The Hedge Funds Are Coming To Crypto

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Patients seem willing, but few taking part in telehealth, poll finds

September 10, 2019 (updated September 10, 2019) Published by

Patients seem willing, but few taking part in telehealth, poll finds (HealthcareDive)

  • According to a survey from Telehealth vendor American Well, 66% of consumers are willing to try telehealth, but only 8% have actually done it and 17% of those interested in virtual care were unsure whether the service was covered by their insurance.
  • Another study (from health system Intermountain Healthcare) found that only 20% of people had heard of telehealth, which American Well called “a tremendous opportunity”.
  • Additionally, two thirds of Americans are using devices that help them monitor their personal health and 50% use health apps.

Berenberg view

  • Telehealth is clearly increasing in popularity – the number of physicians reporting telemedicine as a skill rose 20% per year over the past three years according to a study from professional medical network Doximity – with younger generations the most likely to make use of the new virtual care services (surprise).
  • According to a 2018 study published in the Journal of the American Medical Association (JAMA), virtually conducted doctor-patient visits increased by 261% yearly between 2015 and 2017.  
  • However, the article also highlights the well-known gap between people saying they are willing to try something new and people actually then trying it – as well as the continued efforts required in consumer education.
  • The two key groups telemedicine providers have to convince are mothers (since they still handle the majority of their childrens’ doctor visits) and seniors (a tricky one, given the inherent reluctance to use the tech, but a lucrative and growing market which could probably be accessed by targeting the younger relatives who look after their care rather than the seniors themselves).

Teladoc: a specialized telemedicine company

Teladoc Share price

? Daily Crypto News, September, 9th?

September 9, 2019 (updated September 9, 2019) Published by
  • Crypto Exchange Binance.US to Launch ‘in the Coming Weeks’ ;
  • What (Most) Bitcoiners Love About Austrian Economics ;
  • Crypto and the Latency Arms Race: Towards Speed Bumps and OTC Trading ;
  • World’s ‘First’ Blockchain Smartphone to Become Available in New Market ;
  • Bitcoin Price: Will Another Drop Below $10K Open the Door to $8.5K? ;
  • ? Daily Crypto Calendar, September, 9th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Crypto Exchange Binance.US to Launch ‘in the Coming Weeks’

Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier.


According to a Medium post published by Binance.US on Sept. 6, while the launch of the trading platform itself is expected in the following weeks, KYC onboarding will start a few days earlier. The aim of this is to ensure that users will have time to verify their accounts and deposit their funds.

?What (Most) Bitcoiners Love About Austrian Economics

Bitcoin is an innovative amalgamation of pre-existing technologies and the creation of new ones that has lead to an entirely new form of money. However, for many, the support for the world’s first digital currency is based primarily on ideological preferences.


In this article, you will discover why a significant amount of Bitcoiners also love Austrian Economics.


What is Austrian Economics?
Austrian Economics is a school of thought that originated in Vienna, Austria. Though influenced by works from earlier times, the work considered to be the foundation of this economic school of thought is Carl Menger’s 1871 book ‘Principles of Economics.’ In 1949, another notable name within the Austrian school, Ludwig Mises, published the book ‘Nationalokonomie,’ which provides an overview of the principles governing the economists who identify under this label.

At the time of its publication, Mises’s book was received unfavorably by other leading economists who had already made a turn towards Keynesian economics, following the devastating effects of the world wars. Austrian Economics was losing the ideological war, with Keynesian Economics significantly influencing global economics especially after the Bretton Woods Conference of 1944 where the International Monetary Fund (IMF) was created. The IMF played a major role in the global post-war monetary system, establishing gold and the dollar as the standard and greatly influencing the U.S.’s position in global politics.

? Crypto and the Latency Arms Race: Towards Speed Bumps and OTC Trading

Matthew Trudeau, chief strategy officer of ErisX, offered a thoughtful response last month to a CoinDesk article about high-frequency trading in crypto. In short, CoinDesk reported that features linked to high-frequency trading in conventional markets were making an entry on crypto exchanges and that this might be bad news for retail investors.


While I agree with Trudeau that, in general, “automated market making and arbitrage strategies create greater efficiency in the market,” I disagree with his assertion that applying the conventional markets’ microstructure blueprint will improve liquidity in crypto.


I will explain below that, pushed to their limit, the benefits of speed brought about by electronification actually impair market liquidity as they morph into latency arbitrage. It is inevitable that crypto markets become much faster, but there is a significant risk that some exchanges overshoot and end up hurting their customer base, re-learning the lessons of the conventional latency wars a little too late. Those who do will lose market share to electronic OTC liquidity providers and alternative microstructures, which I will present in this introductory post.


? World’s ‘First’ Blockchain Smartphone to Become Available in New Market

Finney, the world’s purportedly first blockchain-enabled smartphone, will soon be available for purchase in Bangladesh.
According to a report by local newspaper The Daily Star on Sept. 9, the Bangladesh Telecommunication Regulatory

Commission approved the phone for import in August and it will be available on the Bangladeshi market in October.


Mobile Phones in Bangladesh
Finney’s launch in Bangladesh comes amid a trend of growing smartphone ownership in the country. According to a 2018 report from global research firm GSMA Intelligence, by 2025, 75% of the population (138 million) will have smartphones, while 41% (73 million) will be mobile internet subscribers.

Per GSMA, the increasingly urbanized population has been buying more smartphones as cheaper devices come to market, and in this regard, Finney’s price is more comparable with high-end phones available in Bangladesh. Finney debuted last year with a cost of $999, while the Samsung Galaxy S10 is available on local phone market MobileDokan for 74,900 taka ($894). 

? Bitcoin Price: Will Another Drop Below $10K Open the Door to $8.5K?

Last Friday Bitcoin (BTC) price marched within just a few dollars reach of $11,000 and it seemed that the weekend would be a bullish one. The top digital asset was on the verge of leaping over the descending trendline of the massive wedge. A mysterious $1 billion Bitcoin transfer spotted by Whale Alert had some speculating that a whale or an institutional investor was moving funds into Bakkt’s custody service. 


Shortly after topping out at $10,938, Bitcoin sharply reversed course and traders were left to speculate whether Federal Reserve Chairman Jerome Powell’s Bitcoin comments put a damper of the bullish price action. Or perhaps the advent of Bakkt’s (physically delivered) Bitcoin futures contracts was repeating the CBOE/CME Bitcoin futures product that launched to much hype right at the peak of the 2017 monster rally. 


Let’s take a look at the current price action and see if we can determine what Bitcoin is up to.


image.png

? Daily Crypto Calendar, September, 9th?

VEX (VEX/KRW, VEX/USDT) trading pairs. Deposits starting from Monday, 15:00 KST. Available for trading from Wednesday, 15:00 KST.

“Eager to learn more about @ConfluxChain & our partnership? Join our AMA with them on Sep.9 at 4pm (GMT+7)”

“Equal will be burning 12 million EQL in the third phase of the burn cycle.”

“Our new fee structure begins September 9th, and offers fee reductions for holding as little as 50 MTL…”

“On 9th September, Zilliqa and @Infinito_Ltd look forward to hosting a joint AMA .”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So as expected and predicted yesterday, we didn’t go test the 0.18$ before that the drop came back. We should go now in the direction of the lows on the STEEM. It is possible that we move in range between 0.18$ and 0.155$ before a break out in one direction. Let’s hope it won’t be a new drop and so a new low…

image.png

Last Updates

image.png

Join this new Free To Play on the STEEM Platform !

Ethical Stock Investment To Launch On New York Stock Exchange

September 8, 2019 (updated September 8, 2019) Published by

Ethical Stock Investment To Launch On New York Stock Exchange (PlantbasedNews)

  • Beyond Investing is launching the US Vegan Climate Exchange Traded Fund (VGN ETF) on the New York Stock Exchange on September 10th.
  • The ETF is targeted at vegans looking for climate-conscious investments and is constructed by taking “the Solactive US Large Cap index (a proxy for the S&P 500 Index) and [excluding] any stocks whose activities are incompatible with a vegan and climate-conscious approach to investing, replacing damaging stocks with midcap alternatives that meet its ethical criteria.”

Analysis and Comments

  • Flows to ESG and sustainability-focused funds have spiked this year, as investors continue to focus on the investment opportunities that address issues such as climate change, (plastics) pollution, or gender pay disparities.
  • Therefore, you should expect to see continued growth in the number of investment instruments focused on these issues, particularly as worries around uncompetitive “stranded assets” intensify.



Bond Analysis Report 9/6/19 – Price Will Continue To Go Higher

September 7, 2019 Published by

Central banks have delivered 32 interest-rate cuts globally this year as a worsening U.S.-China trade war drags down global economic growth. Swap markets suggest we’re not even at the halfway mark for cuts yet.

Traders are expecting much more. Over the next 12 months, interest-rate swap markets have priced in around 58 more rate cuts, assuming central banks maintain their current trajectories in easing. Those cuts could total another 16% in global reductions.

Source

And when it comes to the US, the Equity and Bond markets have already priced in further rate cuts.  The Fed’s target rate range is between 2% and 2.25% after a cut of 25 basis points in July.  If Fed Powell doesn’t continue to cut rates, many on Wall Street (and Trump) are saying the Feds will cause the next recession.  A big part of this thesis is when the Feds raised rates four times in 2018 with the last one causing that massive sell-off in December (Merry Christmas).

The US Feds are in a tough spot because the US economy is actually still growing…just at a slower pace.  The economy expanded by 2% in the second quarter and consumer confidence is still near all-time highs. Based on the historical correlation between the stock market and consumer confidence once the index hits 100, consumer confidence may be about to dip, which could hit the retail space hard and evidently the stock market.

Source

But what’s going on around the world can’t be ignored, the global economy is slowing down.  And probably more important, the invert yield curve can’t be ignored either because it’s only predicted the last 5 or 6 recessions.

And so, from a fundamental standpoint, based on the continued rate cuts around the world, I expect the 10 yr bond to continue to move higher over time. However, from a technical standpoint, price is currently in a monthly supply zone. The chart suggests price will pull back, before moving higher.

On the daily chart, price should at least stall at these levels, if not react and move higher.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Look For Utilities and REITs To Continue To Outperform – Part 2

September 5, 2019 Published by

Two months ago, I posted

Look For Utilities and REITs To Continue To Outperform

During economic troubled times, Smart Money rotates into Utilities and REITs because they act like bonds, meaning the stock dividends are equivalent to coupon rates, the yield paid by a fixed-income security.  However, let me expand on this a bit more.  Utilities and REITs are usually drowning in debt, but during economic troubled times, interest rates go down, so debt obligations put less of a strain on cash flow and  more cash flow means consistent payouts of dividends.  However, let me expand no this a bit more.  Investors are looking for a return on their capital.

As of June 2019, the dividend yield for the S&P 500 was 1.85%. This is below the historical average of 4.41% and close to the all-time low of 1.11% observed in August 2000.

Source

So if investor can get a decent return on their capital from the equity markets, can’t get a decent return on their capital from bonds because interest rates continue to decline, the next best option is dividends.  The barriers of entry are tough in the Utilities and the REITs sector, so with little competition and residual income, dividends are payout out consistently.

Since I wrote that post two months ago, XLU, the SPDR Utilities Sector ETF an the XLRE, the SPDR Real Estate Sector ETF are both up 8%, while the SPY, the S&P 500 ETF is down 2%.

My favorite REIT right now is Innovative Industrial Properties

Innovative Industrial Properties…An Interesting Play In The Marijuana Sector – Part 2

but I’m waiting for price to get to the $64 level before I buy.

A REIT worth keeping an eye on is the ETF, the Pacer Benchmark Data & Infrastructure Real Estate (SCTR) which offers investors exposure to U.S. companies that generate the majority of their revenue from real estate operations in the data and infrastructure sector.  Demand for data storage real estate is being driven by cloud, cybersecurity and 5G communication services.  So you know this REIT has a bright future.  

The chart suggests to buy on a pull back at the weekly demand at $29.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

clouds at dusk dramatic

Photography editing, Clouds – which 1 do you prefer?

September 1, 2019 (updated September 1, 2019) Published by

clouds at dusk 2
clouds 2 (original)

Both images taken with Taken with Fuji – X-E1. The bottom picture is the original . It was then processed in photoshop cs6 using auto colour correction.
I can usually decide on 1 image if i have multiple images similar but on this occasion i cant make up my mind up which to choose.
when i cant decide i usually print both and put them on the wall and look at them over the next few days.
At the moment i still can’t decide, both have their own quality.

Please comment which image you prefer. 🙂

I’m Still Super Bullish On The Japanese Yen

August 26, 2019 Published by

Like every other economy in the world, the Japanese economy is slowing down.  But the Japan has one competitive advantage over most countries.  Japan is a very large exporter.  Now you might say China is a large exporter as well. But Japan has been one for many decades and as a result, has become the largest net creditor to the world.  So during times of uncertain, capital flows out of other currencies and into the Japanese yen, causing it to strengthen.  This is way the Yen is considered a safe haven currency.

With continued rife between the US and China, an inverted yield curve in the US, negative German bond rates, the Brexit deadline fast approaching, I remain super bullish on the Japanese Yen.  Lets go to the charts to see where the Yen might be headed next.

Monthly Chart (Curve Timeframe) – monthly supply is at 0.0103 and monthly demand at 0.00805.

Weekly Chart (Trend Timeframe) – the trend is sideways with upside momentum.

Daily Chart (Entry) – the chart suggests to go long if and once price breaches the the daily supply at 0.00953.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Where Is The Dax Headed Next??? – Part 2

August 14, 2019 Published by

I talked about the DAX most recently, three weeks ago,

Where Is The Dax Headed Next???

The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.  And Germany, the biggest economy in Europe is stalling.   Germany is an export country and so they have been hit hard by the trade tariff between China and the US and the all the uncertainty surrounding Brexit.

You put all these issues in a pot and the finish product is an inevitable recession.  An inevitable recession was further supported by the recent ZEW Survey.  ZEW Indicator of Economic Sentiment is a leading indicator for the German economy. The recent ZEW Survey showed sentiment among investors fell to -44.1 from -24.5 in July, its lowest since Dec. 2011.

Germany Is Flirting With Recession After Investor Confidence Falls

Source

Since price broke the 12200 level and formed a “M” pattern, also known as a reversal pattern,

I’m not sure if price will get back to the 12220 level for a short,

so lets see if price to push to the downside and pull back for a short.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

August 2026
S M T W T F S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Latest Media