Time to buy the dip and the Golden Cross from Bitcoin

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is it time to "buy the dip?" The course broke its five-day loss of loss, when it rose 0.25% to 4470 on Monday, 1.00% above its sliding 50-day average. As we show in the comment below, the sliding 50-day average supported the S&P 500 last year on nine different occasions. This time we have no reason to doubt the performance of the commercial algorithms, but we have to consider that a significant break in the moving average could bring the 200-day-gliding average into play at 4086.

The markets open a little higher this morning, while bonds give up part of yesterday's profits. At 8:30 a.m. ET offers an update for inflation. It is expected that the monthly headlines will drop by 0.1% of the 0.5% of the previous month.

what can be seen today

economy

  • 6:00 am ET: , August (99.0 expected, 99.7 in the previous month)
  • 8:30 a.m. ET: Real average weekly earnings, in the year, August (-0.9 % in the previous month)
  • 8:30 a.m. ET: Consumer price index, in the month comparison, August (0.4 % expected, 0.5 % in July)
  • 8:30 a.m. et: , in the month comparison, August (0.3 % expected, 0.3 % in July)
  • 8:30 a.m. et: , year after year, August (5.3 % expected, 5.4 % in July)
  • 8:30 a.m. ET: , in the year comparison (August (4.2 % expected, 4.3 % in August)

earnings

  • 7:30 a.m. ET: fuel cell energy (Nasdaq :) will probably report adjusted losses of 6 cents per share with sales of $ 20.63 million

politics

  • Gary Gensler, chairman of the US stock exchange supervisory authority is for a supervisory hearing before the Senate at 10 a.m. It is expected that his plans for cryptocurrency will be a key topic, with Gensler for more power to add to new consumer protection measures for cryptoma markets.
  • Today is the last day of recall choice in California. The vote - carried out by post - ends at 8:00 p.m. PT with poll results California Governor Gavino Newsom in a strong position to survive the recall.
  • The committee for paths and funds of the US representative house will formally debate the Democrats for tax increases at 9:00 a.m. In the meantime, U.S. Secretary of State Antony Flasch will face a second day of the survey on the Capitol Hill after a controversial first round yesterday at 10:00 a.m.

will the sliding 50-day average save the day?

natural gas burns!

As we show below, the price of the past few months has risen sharply and is located on the upper limit of its 10-year range. Will it break or fall back like 2014 and the end of 2018 than was at similar levels?

inflation and trust

The New York Fed, based on its latest survey on consumer expectations, shows what role increasing inflation expectations play for falling trust. The graphic below shows that the expected inflation is now over 5 % and will increase. At the same time, the expected wage growth of 2.5% is stable/falling. As a result, consumers expect a purchase of 2.64 % (red line) next year.

ny fed consumer wage/inflation expectations

will the market reach the low point on September 21st?

The following graphic shows the incredible regularity of the market in the past four months. As shown, the S&P 500 tends to fall for a few days every 20 days, reach its low point and then climb back to previous highs. If the cycle takes place again this month, we should be on September 21. count on a market low. This is particularly responsible for the monthly expiry times of the options that fall around the market low. There is a lack of liquidity, so that option transactions set the direction on the days around the expiry date.

The Golden Cross of Bitcoin

After a blow at the beginning of this year, the increase in August has a "Golden Cross" of the 50 DMA and 200 DMA sliding average. Must hold the support at these levels and turn higher to confirm the "bullish signal". If this is the case, this would indicate that a return towards $ 60,000 is likely.

BTC/USD-Ta-type

In a recently led CNBC interview, Cathy Wood, CEO of ARK Investments, said that she would expect Bitcoin's price to be overcome in the next five years.

"If we are right and make your money continued to diversify in cryptocurrencies and institutional investors begin to use 5% of their means for cryptocurrencies ... We believe that [Bitcoin’s] The prize will be noticed what it is today."

Wood also said her trust in ether "has increased dramatically" when the blockchain begins its transition from the proof-of-work to the proof-of-stake.

to the question of CNBC about her choice if she only invested in a cryptocurrency, Wood said that she would allocate 60% Bitcoin and 40% ether.

ratings are "crazy"

markets in turmoil