Was pretty obvious ETH Short into resistance, or for safer player Short when support trendline breaks on shorter time frame https://t.co/woyyVHsqoj #eth#ethereum#trading#crypto#short#trade
Don't expect strong bullish moves in market like this, no one trusts exchanges and everyone is very quick to react to any bad news #bitcoin#ethereum#btc#eth
7. Powell gave some hints last FOMC about being data dependent and "neutral". Data doesn't look to be getting worse for inflation and jobs
8. Other central banks are very hawkish and raising rates a lot, this puts pressure on DXY to drop
9. ETH merge
I am Bullish on Crypto for upcoming 1-2 weeks, here are my reasons:
1. DXY has weekly bearish divergence and it looks to be topping out already
2. FED Doesn't want very strong DXY (It hurts US exports & puts more pressure on other CB's) #Bitcoin#Ethereum#DXY
6. FED doesn't want to cause a recession, jobs are good and inflation is dropping, no point to risk it. So FED will have to slow down rate hiking to leave some room (If they hike too fast, they would have to pause/drop rates fast also, it's better to do it slowly)
$LUNA foundation taking few days now to make a statement how they used their BTC reserves, this doesn't seem right.. They are taking too long, makes me think something fishy happened with part of BTC reserves. Wouldn't be surprised if they say it was sold OTC (Wouldn't be good)