Currently, I guess we should just leave the crypto world. Something is really wrong somewhere, this market is not working as normal, both the pro and amateur analysis are failing, currently market is not respecting any strategies, Currently all the indicators are giving wrong signals. Something is definitely wrong somewhere. Pls let’s reserve our capitals, better days ahead.
Core CPI Figures to Make Crypto Go Up: Bitcoin Price Set to Surge if These CPI Projections Hold True🚀 Today's US Consumer Price Index (CPI) data, set for release at 8:30 am ET, could significantly impact Bitcoin prices. Bitcoin has recently shown a strong reaction to macroeconomic news, making this report a key event for crypto investors. The CPI measures inflation by tracking changes in prices of consumer goods and services. After three months of higher-than-expected inflation, analysts now expect a slight slowdown for April. This could influence monetary policy and financial markets. CPI Expectations - Year-on-Year Increase: Expected to be 3.4%, down from March's 3.5%. - Month-to-Month Increase: Projected at 0.3%, a decrease from the previous 0.4%. - Core CPI (excluding food and energy): Expected to drop from 3.8% to 3.6% year-on-year, with a monthly increase slowing to 0.3% from 0.4%. Economists at Goldman Sachs predict core CPI will continue to decline, stabilizing around 3.5% year-on-year by the end of 2024, with core Personal Consumption Expenditures (PCE) inflation expected at 2.7% by December 2024. The CPI data typically has a significant impact on market dynamics, often more so than the Producer Price Index (PPI). With PPI data released today, market reactions to both reports will be closely watched. Crypto analyst Ted (@tedtalksmacro) warns of potential market volatility, noting that PPI often leads CPI numbers, which could trigger a stronger market response if expectations are missed. BTC's Reaction? BTC and the crypto market have been highly sensitive to inflation figures and Federal Reserve policies. Analyst Ted suggests that a slowdown in inflation could boost Bitcoin prices, stating, "This is the first time in a while we are likely to see inflation data slow. That'll be good for risk assets like Bitcoin if true." Softer inflation data could lead to more favorable monetary policies for Bitcoin and could set the stage for the next big move in Bitcoin.
#ETHETFS I have never seen people who trade futures make money in the long term. I only know that people who hold spot for a long time will definitely make money. However, there are very few people who have the patience to hold spot for a long time, only 1%. 🎉🎉🎉Follow me, I will continue to update my profit and loss statement, let’s witness the next super bull market together, I will give you confidence and strength.
Get ready for an electrifying week ahead (6-10 May 2024)! Here's what's in store: Monday, May 6: - Brace yourself for a game-changing move from the US Securities and Exchange Commission (SEC) in the Ripple case. Tuesday, May 7: - It's time to celebrate International Masturbation Day with a bang! - Robinhood sets the stage with its eagerly anticipated earnings report post-market closure, offering a peek into the platform's performance. - Dive deep into the energy sector with the Department of Energy's Oil Market Short-Term Forecasts and API Oil Stocks data. Wednesday, May 8: - Keep those eyes glued to the screen for the release of the EIA Oil Stocks data, driving market momentum in the energy sector. Thursday, May 9: - Türkiye unveils its Unemployment rate, providing crucial insights into the nation's economic landscape. - Stay on top of the game with the USA's Initial Unemployment Applications data, a vital gauge of labor market dynamics. Friday, May 10: - Get ready to witness history as Eigenlayer launches the highly anticipated EIGEN token, revolutionizing the crypto sphere. - Wrap up the week with a bang with key economic releases from the USA, including the Michigan Consumer Sentiment and Inflation Expectations for May. Gear up for an exhilarating week ahead and don't miss out on these pivotal events! 🚀 #NextWeekHighlights
Bitcoin urgent urgent very urgent update 👉So guys lets start from history of last 2 month btc rise to near 73500 then its was looking clear that its struggling and can crash anytime most of us were thinking it touch 75k before crashing but it crashed before 75k 👉Then btc started going down it taken 3 strong retest of 60k and due to war conflicts it start trading near 62k instead of 68k which it was doing before war 👉These retest were successful but it fail to break area of 65k then after halving it was clear that it will go down ao it break 60k area because it was facing resistance at 63k 65k 67k 70k mean many resistance upward side 👉but now its taken successful support from near 56k area and bounce back strongly 🔴 Current update 👉So btc is now strongly raising from 56k to 63k in 2 days 👉Its bullish now on short timeframe it will retest 65k soon try to break it before weekly closing 👉weekly candle has given a big wick downward side a new bullish trend can start now if 65k area broken and btc hold above 65k 👉in short timefran btc is bullish and going to test 65k looking quite good to break it due to huge bounce on weekly candle #BTC
Bitcoin urgent urgent very urgent update 👉So guys lets start from history of last 2 month btc rise to near 73500 then its was looking clear that its struggling and can crash anytime most of us were thinking it touch 75k before crashing but it crashed before 75k 👉Then btc started going down it taken 3 strong retest of 60k and due to war conflicts it start trading near 62k instead of 68k which it was doing before war 👉These retest were successful but it fail to break area of 65k then after halving it was clear that it will go down ao it break 60k area because it was facing resistance at 63k 65k 67k 70k mean many resistance upward side 👉but now its taken successful support from near 56k area and bounce back strongly 🔴 Current update 👉So btc is now strongly raising from 56k to 63k in 2 days 👉Its bullish now on short timeframe it will retest 65k soon try to break it before weekly closing 👉weekly candle has given a big wick downward side a new bullish trend can start now if 65k area broken and btc hold above 65k 👉in short timefran btc is bullish and going to test 65k looking quite good to break it due to huge bounce on weekly candle #BTC
WHALES PERFECT GAME HAS GOT BTC TO TOUCH $63,000. IT'S A FALSE RISE DONT BUY ELSE YOU'LL BE IN TEARS IN FEW DAYS. I warned few days ago that BTC would make an unusual rise to $63,000 within 14 days. Just as I rightly said we're now seeing BTC hitting the exact same value I mentioned. This tells you that my price information are gotten from the fabrics and roots of the crypto market. The earlier you start taking me seriously your chances of loosing your money gets slimmer. The false rise strategy is a very Smart, carefully crafted out method crypto biggest whales use to manipulate the market so as to draw more than usual profit from the market. This is how it works; Whales pumps in a few billions into the market space. This then makes the market Green and flourishing and all litted up again. This green, bright and flourishing atmosphere attracts mostly small scale investors who trades the market with $100,000 and below. These unsuspecting preys sees a bright market, with hopes of drawing profit or multiplying their funds by 2X or 3X throws in their funds massively into the market which accumulates to billions of dollars. While the preys are pouring in funds into the market the whales are waiting for the right time to pull the plug and drain the market dry. They eventually pull the plug and pull out their billions out of the market alongside multiple billions more in profit which was made from the massive funds small investors brought in. Whales takes home billions of dollars in profit while the small investors lose again. This strategy is the major concept behind the crypto market. The crypto space is a large market set up for big guys to always win while the small guys lose all the time. In this market Whales never lose because the system was set up to keep them at an advantage while the small boys, $100,000 and below investors, lose very often. This time around another false rise will happen within the next two weeks and the whales are hoping to draw at least $1.5 Billion in profit from it. Always stick around for more details.#BTC #Whalestrap #WhaleInsights
#BTC sudden raise and bringing market back to normal..what a trick by whales when 80% of people were waiting for dump & they suddenly reversed market momentum. #BTC
😱🔥What message will the Fed give tonight? All eyes on Powell The markets are focused on the statements that #Fed chairman Powell will make tonight. While the Fed is expected to keep the interest rate steady, Powell's messages are a matter of curiosity. According to a note by Bank of America economists, the Fed's main message is likely to be: It will be emphasized that more time is needed to fully see the effects of the policy It will be signalled that the next move is likely to be a rate cut It will be noted that the Committee has taken a ‘wait and see’ position until the Fed gets more clarity on inflation BofA economists also expect the monetary tightening to be slowed by reducing the treasury bond redemption limit from $ 60 billion to $ 30 billion. Finally, the note said, “We are skeptical that Powell is satisfied that this year's rate cuts are priced in significantly. Probably, Powell will have a hard time ‘hawkish’ the market.” it was said. It is thought that the tone at Powell's press conference will be parallel to the statements on April 16. Powell had said that day that interest rates could stay high for longer and that the central bank would keep policy as restrictive as necessary. The trend in the markets is that the Fed will make 1 interest rate cut this year. It is thought that if Powell gives signs that the rate cuts are likely to be postponed until 2025, the expected 1 rate cut will also start to be questioned. Finally, Valentin Marinov, head of research and strategy at Credit Agricole FX, said, “Now all eyes are on the Fed, and investors are wondering how Powell will react. Will it give more weight to disappointing growth data or will it highlight sticky inflation... I am of the opinion that the bar is high for hawkish surprises." said. #BTC
🌟 Attention Bitcoin Investors 🌟 Hold onto your seats! The cryptocurrency market is experiencing turbulence, with Bitcoin and altcoins seeing sudden declines. But fear not, tomorrow brings a beacon of hope as US Federal Reserve Chairman Jerome Powell takes the stage after the FED interest rate decision. What will Powell say? Market experts anticipate a cautiously optimistic tone, hinting at the need for more time before making policy moves. Expectations are high for a potential rate cut, signaling a shift to a wait-and-see approach until the Fed gains clarity on inflation. Bank of America economists predict a slowdown in quantitative tightening, with the US Treasury likely to reduce its monthly redemption limit. They believe Powell is content with current rate expectations but foresee challenges in market control. Keep your eyes peeled! If Powell's remarks tomorrow night are favorable, we could see a recovery in the crypto market. Stay tuned for updates and buckle up for what promises to be an eventful ride! 🚀 #BTC #BullorBear #fomc #bitcoin #Metaverse