The recent Data that came out showed inflation has not Yet peaked , we saw Bitcoin break  its 19,000 support level but Wicked back up , Trapping shorts Yet again.   The Stock markets did not Collapse either Even though the Data was Worse then expected... Could the market's have priced this in already? is it possible Bitcoin / Stock markets are Entering  Accumulation phase ?  Because almost Every one who makes " Crypto content " is calling for 13k bitcoin or below.. But i just cant see that happening Considering how its local bottom is holding up... for now.

Look at this 17k bottom and the amount of Wicks being created down here, it almost looks like Market Maker is Building Long positions Down here , Grabbing liquidity.... and my opinion is Bitcoin could be entering a Accumulation phase... How ever this becomes invalid if we see a Candle close below that 19,000 Support area.

Bitcoin Daily chart 




US CPI / CORE CPI




Have a look at the recent CPI data / Data Dump , the US dollar actually Pulled back and went for a little dip which was Weird because this Data  Favors the USD, But we are not seeing this play out in the markets.. its another reason why im starting to think the WORSE has been priced in and its possible the markets are cooling down from all the Recent Bad News , and possibly getting ready for a bottom to be put in.  SPY , Nasdaq , DOW , its all relevant when we are talking about Bitcoin because of the Correlation we have been noticing. 

The Fed most likely will do another 75bps hike on July 27th , will this be what finally brings the markets down to news lows?  Again, i dont think so, i Think the worst has come and the market will be in a Accumulation phase, But like i said, that theory goes out the window the Moment we see SPY , Nasdaq and the Dow make new Locals Lows... untill then , i am Optimistic.






ATOM Chart

Check out the Atom chart, the Daily candle about to close and it will confirm a bullish back Test of that 7$ Zone....  if we start to see it break out and get back into its channel then i really think this is setting up for a Break out Especially if Bitcoin is going to bounce.  This chart is one of my favorites because it is out performing ALOT of other cryptos, and we are in a bear market  which has made me Really watch Atom's Performance over the last few weeks.  Not only is the chart looking good, But the Fundamentals For  Atom and the entire Cosmos Eco system is something you should NOT be sleeping on. IBC network is growing at insane speeds and it has massive potential as the Crypto markets continue to grow.








Total Crypto Market Cap 



Look at the Total Crypto market cap, Almost Identical to bitcoin on the daily chart, and once again it was at the Critical lows, about to  create a Waterfall, But once again, it looks like the Market maker is Taking liquidity here and Accumulating down here... i am not 100% on this theory but its just something i have been watching over the few weeks.  


So thats going to wrap up my rant on the recent Data dump / Market reaction. thank you for reading.