@RichardJea83877@CryptoGirlNova No we still are. We are still trading within the cloud of the 50EMA on the weekly tf. Also if numerous rate hikes start to develop then it’s going to put a lottt of pressure on risk assets. Theres an 89% chance of a rate hike for next meeting, with more even in December and 2027
@Nebraskangooner@Pauly_BTC Since they recovered the whole move up we can appreciate that it’s a resistance zone and it was also a liquidity grab or a short squeeze. However, due FOMC next week and the prospect of rate hikes, there’s a good possibility that crypto will trade lower. Monitor Iran war also.
@CogyGGG@cryptosymbiiote Something to do with US Gov buying back bonds which makes DXY weaker. The question is how long is this move sustainable for as oil is also up which adds to inflation
@IvoSilva80s@Nostre_damus You are forgetting that no captain of any tanker is gonna take that risk to go through if things get messy again. Ask yourself, would I sail my million dollar vessel into an area that has a high probability of getting bombed on?
@RealJackPoor Why would Oil go down to $50? You have the worst energy crisis in history going on right now. Reserves are already showing signs that they could be empty soon. It takes more time to fill up the reserves also. We are burning through more oil than we can replace.