#scottmelker
Everyone seemingly wants the Fed to cut rates.

There is a wildly popular theory that a Fed pivot is good for markets.

It is patently FALSE.

After the Fed pivot to rate cuts, the market almost ALWAYS crashes/corrects.

Rate cuts generally precede major dips.

Let's look at history.

1. Yield Curve Inversion Then Normalization (Blue)
2. Fed Pivot (Red)
3. Recession/Bear Market And Bottom (Black)

Maybe this time is different. Maybe not.

@FOMO_INSIGHTS

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#scottmelker
#BTC_Update1D
#BTC🔥🔥🔥🔥🔥
Broke and retested range lows as resistance. Nothing but air until around $52,000 on the chart.

My biggest concern I have been discussing for months (in newsletter) is that RSI never made the trip to oversold.

Almost there now, all lower time frames oversold.

This is still ONLY A 23% correction, very shallow for a bull market and consistent with other corrections on this run. We are yet to see a 30-40% pull back during this bull market, like those of the past.

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$BTC

#scottmelker
Imagine if you could simply print more money to pay your personal debts and expenses.

Credit card overdue? Print.
Mortgage payment coming? Print.
Want a new car? Print.

Welcome to fiat!

But for the government, not for you. You pay for their printing instead…

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