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The @federalreserve are beginning to speak more openly about 'tapering'! We except this topic to be the key theme during September!
September is historically also a 'risk-off' month for the markets ๐
@Investopedia
Traditional markets look to be pointing to some risk-OFF, led by the US dollar breaking to the upside!
This move higher was sparked by comments from the @federalreserve on Wednesday, that tapering is coming!
Equities have sold off sharply, $CRYPTO is yet to follow...
The US dollar is on the verge of breaking key resistance and could spark a renewed uptrend!
With todayโs FOMC meeting minutes release and tapering talks hanging in the forefront of investor thinking, we could be due for risk-off across the board!
Careful fam ๐ค
Eyes on the US dollar this week ๐
With threats of renewed COVID-19 lockdowns and the @federalreserve threatening of tapering, the dollar looks to be commencing an up-trend.
Wednesday's CPI data could provide the catalyst for a move higher!
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If you're a $CRYPTO bull, you'll love today's newsletter!
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Covering:
๐ฅ Options market flows
๐ฅ BTC and ETH technical analysis
๐ฅ This week's economic calendar
๐ฅ Crypto exchange data
Link in bio
$SUSHI 12H analysis
๐น Double bottom w/ 3 equal highs
๐น Measured target of break out lines up w/ 2 more equal highs
A confirmed break out above $9.60 / $10 & target is $13.50
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