@BSCGemsAlert This headline should be a tailwind for Crypto and the markets but its overshadow by the hawkish FOMC tones which simply states the ovbious: Inflation is King and is currently controlling the narrative(s).
@Washigorira Took my own advice and shorted aerodrome-finance:native today--Sorry @AerodromeFi you are one of my top and favorite holdings--but the data / schedule didn't lie so I did what I did...Note: This trend can be magnified if inflation comes in higher in a few days...
@Washigorira Today's FOMC news feels like last's months BoJ. Both maintained interest rates but presented hawkish tones. Once inflation came in hiher, we got the catalist for the downturn. I wonder if this is the start and the down turn will start once the higher inflation numbers are known.
@martypartymusic Respectfully disagree. Due to current economic conditions, I see more of a sideways pattern within the highlighted buying zone. One way to look at it is that the longer we are in this zone, the more time one can DCA and the higher the top will be.
@CryptoGirlNova ๐ฏ
Conditions for Alts to shine:
- Iran-USA war needs to be resolved
- Inflation needs to start to trend down and head towards 2%
- Clarity Act needs to pass
Each one of these will be a small tailwind but coupled with QE will set the stage for a super cycle.
@MerlijnTrader The setup is set, oscilators are pointing towards a downturn all its left to do is wait for the catalist--reason to go down--which would be the #BoJ and #FOMC meetings being held this week.
The name CLARITY says it all. For too long, crypto markets have operated under uncertainty and opaque rules. As @CFTC Chairman, I am committed to bringing clarity where it is needed most and building a future-proof regulatory framework that can stand the test of time.
@MorningsMaria
Whether you believe in Bitcoinโs 4-year cycle or not, history shows the bottom often forms around US Midterm elections.
2018 trend (Trump admin) vs 2022 trend (Dem admin).
Question now: how low does it go this time?
#Bitcoin
@martypartymusic From the previous meeting there were hawkish tones from 3 / 6 governers. Two weeks later, CPI came in at 3.8% which in my opinion the combination of the two caused the current crash we are in. My hope is that the market has already priced in the increase ๐ค