What if the data is good and $BTC still falls? 👀
U.S. GDP and PCE figures are due on Thursday the 29th.
Many will be watching to see whether the numbers are “good” or “bad.” I’d be looking at something else: how much optimism the market had already priced in before the data came out.
Good news can run into people waiting to sell.
The numbers may look good. The candle doesn’t have to follow suit.
If the figures are favorable, are you expecting a rally that keeps going, or one that everyone takes as a chance to get out? Let me know.
#USQ3GDPAndSeptemberPCEDueNextWeek
U.S. GDP and PCE figures are due on Thursday the 29th.
Many will be watching to see whether the numbers are “good” or “bad.” I’d be looking at something else: how much optimism the market had already priced in before the data came out.
Good news can run into people waiting to sell.
The numbers may look good. The candle doesn’t have to follow suit.
If the figures are favorable, are you expecting a rally that keeps going, or one that everyone takes as a chance to get out? Let me know.
#USQ3GDPAndSeptemberPCEDueNextWeek
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