Crypto is Sleeping, but Oil is Heating Up
The crypto market has been in a state of total calm over the past few weeks. The chart is basically just moving sideways. Summer is typically a slow season for trading, so barring a few minor spikes, this "shining stillness" could last until mid-September. 📉
I’m still keeping a close eye on the oil market. Oil has climbed even higher since I closed my recent trade. Strikes in Iran are happening almost daily, and Iran consistently threatens escalation, including the potential closure of the Bab-el-Mandeb Strait. 🛢
In my previous post, I mentioned that I believe oil should be priced higher. Why? Because compared to March, shipping in the Strait of Hormuz remains restricted, while strategic oil reserves in several countries are nearing record lows. Sooner or later, they will be forced to buy at any market price.
To be honest, I lack granular data on reserves and precise supply/demand figures, so I’m relying on snippets from the news and statements from politicians. This is the picture I’ve formed based on those inputs. 🧩
Parallel to this, I’m researching and searching for new trading strategies. For several months now, I’ve been collecting tick data for Bitcoin, Kaspa, ETH, Oil, and Gold. Let’s see if I can find something interesting.
If anyone needs this data, feel free to reach out! 📥
Originally posted on Telegram channel.
