Early signs of recession
When the West were cheering Russian sanctions, seems that no one consulted them properly with people that have to make key economic decisions on regular basis like J Powell. For anyone interested I recommend this article https://www.zerohedge.com/markets/fra-ois-explodes-here-only-chart-powell-closely-watching-and-why-it-soaring.
While current continuation into more established bear market might look like any other short term turn to risk off, the angle and consistency at which stock markets are dropping paired with information like above does suggest we are only at the beginning.
My next target for a short term bounce is around 12000, but if things go as some data suggests I would not be surprised to see us closer on IXIC to 10000.
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While current continuation into more established bear market might look like any other short term turn to risk off, the angle and consistency at which stock markets are dropping paired with information like above does suggest we are only at the beginning.
My next target for a short term bounce is around 12000, but if things go as some data suggests I would not be surprised to see us closer on IXIC to 10000.
If you follow me already on TV, but would like to get a weekly dose of crypto related information and analysis in the future please sign up below
https://thecryptog.substack.com/
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