The Periodical: 15th July 2022
Equities and cryptocurrency grind to imminent lows of at least 20 week magnitude, Oil reveals bearish cracks and EURUSD / GBPUSD approach 80 day nominal troughs
Chart Highlight: GBPUSD
![Image Image](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F63b10d00-66d2-4c42-a736-4e5b7e18566f_4096x4088.jpeg)
Round Up
Recent weeks have seen us focus closely on cryptocurrency, stockmarkets and the energy sector. Certainly in the first two of those markets bearish pressure is waning and we have at least a 20 week nominal low to look forward to imminently. The mainstream media is, as always at market lows, replete with articles on crashing prices, most notably (gleefully?) in cryptocurrency. An excellent signal in itself for evidence to start dusting off the long positions.
In the Bitcoin analysis price has moved sideways for weeks, likely in the final 40 day component of at least a 20 week component, due to trough very soon. The same is also true of the highly correlated Ethereum