Crypto is still down.
It's not a big surprise.
We had an unexpected run in September, so a temporary pullback is normal.
Add the geopolitical tensions, and that pullback gets deeper.
What's next, though?
Global liquidity is blowing up right now. Which means money is being printed.
Great, yeah?
Well, kinda great... More money circulating in the economy means more eventually flows to risk markets.
But it also leads to inflation.
Now we have crazy strong job data out of the U.S. suggesting a big economic bounce back.
Great, yeah?
Again, kinda great... it means recession may have been avoided, but also means more consumer spending which can lead to inflation.
CPI is out on Thursday, so let's see what it says.
But if inflation doesn't come down we may not see the rate cuts we want to see.
I think the positives still outweigh the negatives.
I'm still bullish on BTC in Q4 and bullish on alts late Q4/early Q1.
My gameplan is simple.
Load up on dips.
Take partial profit on rips.
