The FED interest rate decision will be announced today at 21:00. Market expectation is that interest rates will remain constant. If the FED announces a higher interest rate than expected, it may negatively affect cryptocurrencies. If the FED announces a value in line with expectations or below expectations, it will be a positive development for cryptocurrencies.
Since there will be volatility in the markets at those hours, be more careful when opening transactions.
VET showed a downward trend below the DD point around 0.01888. It is currently predicted to test DD at 0.01827 levels on 4-hour candles. Looking at the hourly chart, it is predicted that it will test 0.01827 and return from these levels.
If the price continues its downward trend, it can be bought by checking the hourly candles at 0.01827, or an ambush or alarm can be set at those levels. When the purchase is made, it can be waited for a 3.31% profit at the 0.01888s, which are the upper DDs, or if the trend is strong, it can be sold for a 6.95% profit at 0.01955s.
If the VET price continues its downward trend, it can be bought at 0.01827 by following the hourly candles, but if it breaks this DD and goes to 0.01765 DD below it, then it can also be bought from this DD and the average can be reduced. By dividing the existing capital in certain proportions, gradual purchases can be made at each DD level in case of downward price movements. Anyone who wishes can sell wholesale according to their average cost or sell each purchase at their own profit.
The FED interest rate decision will be announced today at 21:00. Market expectation is that interest rates will remain constant. If the FED announces a higher interest rate than expected, it may negatively affect cryptocurrencies. If the FED announces a value in line with expectations or below expectations, it will be a positive development for cryptocurrencies.
Since there will be volatility in the markets at those hours, be more careful when opening transactions.
The Perfect Storm is Coming! Second DTCC Bomb for Bitcoin and Altcoins!
Invesco and Galaxy Digital's spot Bitcoin exchange-traded fund (ETF) has been listed on DTCC's website. Thus, this ETF application took a step forward as BlackRock's iShares Bitcoin Trust was also listed on DTCC. The fact that an ETF awaiting approval from the SEC is included in the DTCC list does not mean that it has or will receive approval.