Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21

By xuanling11 | Crypto Learning | 22 Jan 2021


This is more comprehensive overview on market in general.

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I will go over global financial market primary in U.S., currency index, commodities, bonds, stocks, and forecast on upcoming week.

Here we go!

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Major Economy Indicators

Gross Domestic Product (GDP): indicators of economy growth or decline.

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It seems GDP has improved a lot.

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We were at the historical low point of GDP in 2020 which is -31.40!

How are we getting there and why the fluctuation was sooooooo high?

One of the problem is national debt!

09785d2c1a0e22e398c70137cb8cd1f07e9aa494ecbce08ae5057e80d83524bf.png

We are at 130.66% debt to GDP ratio which means we need to pay $1.3 to earn $1.

3490f07e45ba0d0c1a537a3e82ced84e37dfcbdd27ef67866ada2e48714b43fc.png

in 2025, we need to pay $2 to earn $1.

What?????

We are continue earning less as you can see the housing price has exponential since 1980s.

590d8a6c961a1462dfd5249d8954bee6a1a47085f9a2ca6aac9f0da1233dcc04.png

Another way to look at it is your spending power in CPI.

Consumer Price Index (CPI): it implies inflation rate.

9d65c288ccfa4d448cd21d986ebec986541491f9924ea27632b69d778c4afc71.png

It continue increasing which implies the inflation is continue rising.

776a04b0fe5e43d1f1f7684f9593c1291a28444f8f46e466690e9206a6f58a5b.png

However, our purchasing power has even further decreased!

Consumer Confidence Index (CCI): it implies financial market sentiment.

343cf72fa79704489e256a2b1836e6483d12a7a6d453bd354873cb1af4ec219e.png

It decrease a bit this month.

Job Growth: it indicates economic expansion or shrinking

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Unemployment Number:

05d7f2701649a27b9d0f7c9cf2c5606613c04caae668391dcc03d7d3e25cf38e.png

Job market has improved a bit.

Housing Starts: it indicates economic expansion or shrinking

9cbca37b94721359b7b0ba9ae621ddebaaf27e3b747b97622cb7254bd06589c1.png

Producer Price Index (PPI): it indicates direction of the CPI

40f9940904f1888d91c3087c8abd1a10db1180383ab7f9d13bbe7d1dea4b9f72.png

It continues trading higher.

Other economic supplemental indicators

Interest Rates:

08cf34bda599790b48159121c76aaa8e66ab60c11d31c1cf755d1f1f248c87c7.png

Inflation continues low as the money continue printing.

Money Supply

4cadd85c2c201fe9033f284e838bf5ff3cfe2c858e3851ee7c73d11a49519bb6.png

We are still printing out of trouble strategy in the short term.

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Trade Balance Index:

7065948b5a9d0200f76b4713f30df7af3a4920c147afe7a80ad6a0464f48f337.png

We has not yet seen trade improve and I will not foresee any improvement in the near future.

Here is the Summary of the major economic indicators.

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The world economy continue improving from 2020 and beyond. My position is Bull in the coming week.

However, overall economy may not the indicator of financial market performance!

U.S. Dollar

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Dollar is recovering and will continue its trend up in the coming week.

Stock Market

Dow Jones Industrial Average (DJI) - Lower Range

4e9e061e770150cd7b3d4858312257c9e3e25d8164506e8ed81da9025db3817d.png

Sideways trading.

S&P 500 (SPX) - Mid Range

7efe840d7706e8b63dbf0a4a8f2529124a11b1c9e1628073ff8447dceb2159c1.png

Downward trending

NASDAQ Composite (IXIC) - Upper Range

f07eeaeba8c9a1b5eedabf2d235e50c6b71b5c2b6ee477d4b93bfcdddfd167b5.png

Downward trending

Volatility S&P 500 (VIX) - Risk Range

976fdde2ab7f4a6d91fa82287e4dbda8901a4236811670c84b4aa9c2f49cea3f.png

Upward trending.

Bond Market

US 10-year Bond Yield

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Trending downward. due to low interest rate.

Commodity

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Gold

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Silver

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Lithium

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Lithium is future energy source and it indicates the innovation that can replace oil industry.

Copper

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It indicates merging market trend and it will slow down in the coming week.

Crude Oil

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Crude oil is continue downward trending. However, economy recovery can help to recover the price.

Crytomarket

Bitcoin

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Bitcoin call volume significant drops and price correction may come in the week. However, it may stable around $30K.

Ethereum

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Ethereum buy volume increase indicate the price may move upward in the coming week.

Here is the Summary of the asset market.

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Thanks for reading and see you next week!

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You can reference my previous Bitcoin analysis here:

Bitcoin Technical Analysis 01-07-21📈

Bitcoin Technical Analysis 01-08-21📈

Bitcoin Technical Analysis 01-09-21📉

Bitcoin Technical Analysis 01-10-21📉

Bitcoin Technical Analysis 01-11-21📉

Bitcoin Technical Analysis 01-12-21📈

Bitcoin Technical Analysis 01-13-21📉

Bitcoin Technical Analysis 01-14-21📈

Bitcoin Technical Analysis 01-15-21📉

Bitcoin Technical Analysis 01-16-21📉

Bitcoin Technical Analysis 01-17-21📉

Bitcoin Technical Analysis 01-18-21📈

Bitcoin Technical Analysis 01-19-21📈

Bitcoin Technical Analysis 01-20-21📉

You can reference my Bitcoin methodology here and here.

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You can reference my previous Ethereum analysis here:

Ethereum Technical Analysis 01-07-21📈

Ethereum Technical Analysis 01-08-21📉

Ethereum Technical Analysis 01-09-21📈

Ethereum Technical Analysis 01-10-21📉

Ethereum Technical Analysis 01-11-21📉

Ethereum Technical Analysis 01-12-21📈

Ethereum Technical Analysis 01-13-21📉

Ethereum Technical Analysis 01-14-21📈

Ethereum Technical Analysis 01-15-21📉

Ethereum Technical Analysis 01-16-21📈

Ethereum Technical Analysis 01-17-21📉

Ethereum Technical Analysis 01-18-21📈

Ethereum Technical Analysis 01-19-21📈

Ethereum Technical Analysis 01-20-21📉

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You can reference my previous Dogecoin analysis here:

Doge Analysis 12-28-21📈

Doge Analysis 01-01-21📈

Doge Analysis 01-02-21📈

Doge Analysis 01-11-21📉

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You can reference my previous Cryptomarket analysis here:

Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21🔥🔥

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Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.

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xuanling11
xuanling11

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


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