I was just about to go to bed, but took one more look at the market
Ah, the fear index is down to 25
It was 28 yesterday, and today it’s straight into extreme fear. I thought Bitcoin would take another plunge tonight, but it didn’t. It’s just been hovering around 75,900 for the whole day. The high was only around 76,200, and the low was still 74,888. Anyway, it hasn’t broken below that.
I don’t even know whether I should be happy or what…
You can’t say there’s no one buying the dip, because it just won’t fall. But you can’t say anyone’s trying to push it up either, because it can’t get higher. It’s just stuck like this, and it’s making everyone miserable.
Honestly, we all get it. Everyone’s waiting for Tuesday’s CPI at 9:30 p.m.
People out there are betting the Fed will raise rates in December, and the odds are nearly 80%. We’re just waiting for this data to give us an answer. Then we’ll see whether the month-over-month figure is really 0.3. If it’s higher, we’re in trouble; if it’s not, we can breathe a little easier. That’s basically it.
And don’t even get me started on the ETFs. Another $400 million-plus flowed out yesterday, and $1.28 billion flowed out this week. Institutions are running faster than anyone.
Whatever. That’s the weekend for you. There’s no volume, and there’s no point messing around. If you’re itchy to place a trade, you’re basically just throwing your money away.
It’s this late already—anyone still awake? Are you still holding any positions?
Ah, the fear index is down to 25
It was 28 yesterday, and today it’s straight into extreme fear. I thought Bitcoin would take another plunge tonight, but it didn’t. It’s just been hovering around 75,900 for the whole day. The high was only around 76,200, and the low was still 74,888. Anyway, it hasn’t broken below that.
I don’t even know whether I should be happy or what…
You can’t say there’s no one buying the dip, because it just won’t fall. But you can’t say anyone’s trying to push it up either, because it can’t get higher. It’s just stuck like this, and it’s making everyone miserable.
Honestly, we all get it. Everyone’s waiting for Tuesday’s CPI at 9:30 p.m.
People out there are betting the Fed will raise rates in December, and the odds are nearly 80%. We’re just waiting for this data to give us an answer. Then we’ll see whether the month-over-month figure is really 0.3. If it’s higher, we’re in trouble; if it’s not, we can breathe a little easier. That’s basically it.
And don’t even get me started on the ETFs. Another $400 million-plus flowed out yesterday, and $1.28 billion flowed out this week. Institutions are running faster than anyone.
Whatever. That’s the weekend for you. There’s no volume, and there’s no point messing around. If you’re itchy to place a trade, you’re basically just throwing your money away.
It’s this late already—anyone still awake? Are you still holding any positions?