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Bitcoin
is on the rise, so altcoin market is on a hold. Wait for the distribution with patience
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$BTC will resume it’s upward journey again
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Markets on free fall.. is this a buying opportunity, or are we up for another winter ?? I believe there’s hope with #trump so this is just a correction. I’ve mentioned in my previous post that Bitcoin was making higher highs while the RSI is exhausted and a correction is imminent. Soon, I believe markets with resume with fresh higher highs.
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FED slashed funds rate by 25 bps. As projected. But this is a three part act. The first part you get a decision of the statement, next up is SEP, the summary of economic projections. That’s where all the forecasts are: Inflation, Unemployment, Growth. You’ll also find the dot plot there as well… after that, a 30 minutes conference with chairman powell himself. Let’s see how the markets react ….. 👌
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FED rate decision due today at 2PM ET. Expect volatility. Trading the news ?? Not a good idea 🤔
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Bitcoin seems to make higher highs, while the RSI seems exhausted. It’s anytime now we see a pullback, which will also affect the altcoins… then only we’ll see a major distribution. Until then it’s a waiting game… keep an eye on the BTC.D(dominance) chart.
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