What time it is to be alive

Let's recap where we are on the state of the financial world & what may impact us.
Inflation rate Aug/22:
USA 8.3%
CANADA 7%
FRANCE 5.9%
AUSTRALIA 6.1%
EUROPE AREA 9.1%
UK 9.9%
RUSSIA 14.3%
CHINA (2.5%) *hard to believe!


GDP Growth Rate Jun/22:
CHINA -2.6%
INDIA -1.4%
USA -0.6%
UK -0.1%

- Putin announces partial mobilization for Russian citizens: If this conflict worsens and the West participates in this by helping Ukraine can impact the financial market.

-USA new home sales have dropped -50% in the last 2- years to reach the 2016 prices, and an extra -10% decrease is expected in the coming month. Houses sold at 1miillion dollars in 2020 are now at 500k$, and can drop to 400k$.
Keep an eye on this great asset!
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The QQQ dropped -16% in the last 36 days and is set to revisit the 16 June low at 269$
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The S&P500 dropped -12% in the last 36 days and is set to revisit the 16 June low at 3636$
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Euro/USD (0,9826usd) taking the hit of his young lifetime, by dropping below 0,99$ first time since its launch in 2002 at 0,90$, with zero support between those numbers.
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The crypto total market cap of 871B$ has dropped by -28%, taking off 331B$ in the market #WelcomeToTheBearMarket. It's set to revisit the 18 June low at 765B$ and make a new low due to the potential capitulation.
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ETH merge has finally happened, the market move was a classic buy the rumor sell the news. Everything went smoothly, and ETH fans who expect a rise up from this have not been watching long enough in the market to understand that an upgrade cannot make the price goes up instantly.
Now ETH has entered the team of Proof-Of-Stake consensus mechanics, 99,5% of energy use has decreased, and institutions can invest in a green blockchain!
The triple halving has happened, and like every bitcoin halving, nothing happened on the market the same day!
Now ETH goes from a 4% annual issuance rate to ~0.49%, meaning that less and less ETH will enter the market, making it more scarce. That's the good part to remember for the price action:
Less ETH = more pump potential in the long run
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BTC is doing exactly what he is supposed to do in a bear market!
Possible double bottom at 17,5k$ in the coming months, followed by a capitulation to 13,4k$.
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BTCBTCUSDbtcusdshortChart PatternsETHEthereum (Cryptocurrency)ETHUSDFundamental AnalysisQQQS&P 500 (SPX500)totalmarketcapTrend Analysis

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