EUR/USD 1.17313
0.090%
Gold 4715.26
-0.527%
Oil 94.713
3.758%
USD/JPY 159.274
-0.020%
GBP/USD 1.35384
0.038%
GBP/JPY 215.637
-0.045%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 27th, Allianz Chief Economic Advisor Mohamed A. El-Erian published an article stating that the price shock triggered by the Middle East wars has pushed market expectations towards an environment where interest rates remain at higher levels for an extended period, affecting almost all systemically important central banks, with the sole exception being the Bank of Japan, although the differences have recently narrowed, its policy framework remains self-contained. He pointed out that the current situation is not merely a simple price shock, but also accompanied by a negative demand shock from the "second-round effect," and in addition to these direct economic impacts, there is a potential risk of contagion to financial instability. He added, "All of this underscores the uncertainty of the outlook: central banks will face a series of difficult trade-offs, and I think these decisions likely (or should) boil down to a sobering question: Of all the mistakes we can make, which is the least irreversible? For central banks with a single mandate, such as the Bank of England and the European Central Bank, this question is relatively easier to answer; but for the Federal Reserve, which has a dual mandate, the situation is much more complex."According to Irans Tasnim News Agency, an Iranian parliamentary committee has passed a proposal to establish a crisis management ministry.On April 27th, the National Energy Administration held its quarterly press conference. According to the press conference, 24 provinces (autonomous regions and municipalities) have issued or formulated supporting policies for direct green power connections, and 99 direct green power connection projects nationwide have been approved, corresponding to a total installed capacity of 34.05 million kilowatts of new energy. Recently, based on the single-user direct green power connection policy, a multi-user direct green power connection policy has been formulated, allowing new energy sources to directly supply green electricity to multiple users through dedicated lines. This will promote the accelerated clean energy substitution in industrial parks and zero-carbon parks, and facilitate the wider consumption of new energy. The relevant policies will be released soon.On April 27, Iranian Parliament Speaker Mohammad al-Kassym-Jomart Ghalibaf posted on social media on the 26th that the United States has exaggerated its bargaining chips in the energy game. Ghalibaf stated that the US has used numerous tactics, and its related strategies are in a predicament. The summer travel peak will exacerbate the pressure on the US, while Iran still holds unused "key trump cards."On April 27, the State Administration for Market Regulation selected seven provinces and municipalities—Beijing, Hebei, Jiangsu, Zhejiang, Henan, Sichuan, and Guangdong—to conduct a pilot program allowing registration authorities to apply to the Peoples Courts for compulsory liquidation. The pilot programs main tasks include three aspects: First, establishing a working mechanism. Market regulation departments in the pilot areas will proactively connect with the Peoples Courts, conduct in-depth research, and determine the timetable, roadmap, and safeguard measures for the pilot program in their respective regions. Second, improving the standardization of the liquidation system. This involves establishing a corporate screening mechanism to clarify the scope of application, streamlining the various stages and material requirements for administrative and judicial coordination, supporting the liquidation team in fulfilling its duties, and encouraging the establishment of dedicated windows for efficient handling of matters such as file inquiries and deregistration. Third, strengthening business data sharing. This involves promoting the establishment of data interfaces with the Peoples Courts to achieve information sharing, and improving the functions of the "one-stop" online service platform for deregistration, providing "fully online" services for compulsory liquidation and deregistration of bankrupt enterprises.

Is Bitcoin Trying To Start A Reversal Around Current Levels?

Teddy Fairbank

Dec 22, 2021 09:56

There is a fair chance that 2022 may start in a great way for Bitcoin. Whether it will be good for all coins is a different concerns, we keep believing that active bi-furcation will start crypto markets as per our crypto forecast 2022. That stated, we likewise believe it is reasonable to begin switching to a more bullish stance for crypto as a short term 2022 forecast. That's since the very first signs of stabilization right above 47k in BTC show up. It's a little prematurely to tell but we should now in the next 3 to 4 trading days.

What is it that is attracting our attention on the Bitcoin chart?

Well firstly, the short term timeframe. Although not included in this article the shorter timeframe (which will be made available in our crypto investing research location today or tomorrow) shows solid indications of support right listed below 46k. It is tough to see, you need not only a skilled eye but also the ideal trendlines and chart structures. It is noticeable, and it is the very first useful sign given that mid-November.

 

Second, if we zoom out the everyday chart begins revealing the first part of the turnaround might be almost complete now. This does not imply that a huge bull run is imminent, on the contrary. A lot of hard work is needed, and above all the crucial 46-47k level needs to hold strong (bulls can only accept intraday wicks) in or below that level).

 

Here is the point: a turnaround has 3 parts. The downtrend, followed by a stabilization and next the start of the right part of the reversal. Only when this process is total can we reasonably anticipate a solid structure for a leg greater.

 

The first part of the reversal took 2.5 weeks to complete. Assuming that we are near the middle part we can also fairly anticipate that a good result will take another 2 weeks of base structure. Once again, present levels can not be violated.

 

We would not be shocked if BTC goes back to 56k in January just to test levels around 59-60k late in January. All this, obviously, assumes that international markets don't crash between from time to time. It's an essential presumption.

 

In our crypto investing research service we are preparing our regular charts updates in 30 unique coins. This comes with conclusions in which locations prospective chances may emerge, but also when to understand that to be protective.


image.png

Suggestion