Fed Fund rate expectations have changed a lot since we last discussed. Based on the CME FedWatch Tool, current expectation is for a 25 bps hike in the July 26th meeting and a pause until Jan 31st 2024 when the first 25 bps cut comes. What does this mean for Crypto? 🧵⬇️ 👀
I don’t follow many #NFT projects, but one I have followed since it’s beginning is the #Shiboshis collection by #ShibainuCoin. In the last week I have notice the floor increase >50% with very little news being released. Definitely will be keeping an eye on this.
It is probably easier to boost interaction by posting about all the #memecoins retail has currently yolo’d into, like $PEPE, $PSYOP, $MONG, $SPONGE, $TURBO. But I think the real value lies in the forgotten coins with real use cases like $BCH, $EOS, $DASH, $ZEC. Even old meme coins like $SHIB seem better. #altcoinseason #Crypto
I have posted about $BCH Bitcoin Cash in the past. The price action we saw last week is extremely encouraging and appears to mark the end to a year of Wyckoff Accumulation. After the >100% move up, I would expect we see a short pullback to $145 support level before things really take off. But we can always hope we take off directly. Very #bullish on #BitcoinCash. #altcoins #Crypto
$BCH has seen nothing but grinding pain for the last 9 months since this tweet. Timing is horribly difficult, especially in #Crypto. But couldn’t be happier to finally see some life return with todays 22% move up. All the negative price action from this year has been un-done. Holding strong.
The #altcoin market is very likely at one of the two points below on psychology chart. Both indicate it is the time to be accumulating, but one is closer to the next rally than the other. Hopefully we are at (1), but cant tell if I feel more depression or disbelief right now. #crypto #charts #BearMarket
While there isn’t much bullish news around $EOS right now, there is hope in the charts that we are in the spring phase of Wyckoff accumulation. Would like to see some movement to the upside. #EOS and many other #altcoins showing a similar pattern right now. #bullish#Crypto #charts