Fed not discussing quantitative tightening is about as dovish as this meeting could had gone.
Initial market reaction suggests this 25 bps hike was priced in. Press conference in 5 minutes could shake this up. Be careful out there.
I've seen big moves in the currencies market during a live hike meeting even when expected. 25 bps hike is expected and people priced in. Expect volatility tomorrow.
FOMC: first rate hike
Volatility going into first rate hike has played out.
This video explains the volatility into the rate hike (we have now seen this) and HOW markets historically also behave AFTER the first hike,
https://t.co/uG6NgxXFI9
From an on-chain perspective the next BIG #bitcoin leg up should occur once 1Y+ HODL Wave peaks above +64% and THEN as that ratio begins to fall. It is on the distribution price climbs.
We are close.
Gap traders often focused on the downside. And while most get filled not all of them do.
Gaps also get filled on the upside.
$53,545 is just waiting for it.
Gold if it makes new all time highs is potentially targeting $2,500 or a 25% gain.
$49k bitcoin equivalent roughly.
Which happens first a 25% move on $BTC or gold?
Optimistically cautious at times, cautious at others.
This is the way right now.
When the bull of all bulls runs again it will be time once again to enjoy the ride.
That time is not right now. It will come again.
Powell seemed confident this week the Fed can simply run the printers and flood the system with liquidity need be. He referenced how it was done during the 2020 global lockdowns and didn’t seem concerned but rather tones of hubris.
Market participants on edge waiting for crash.