🇺🇸 The markets will be focused on the Fed this week.
The Fed will announce its interest rate decision on Wednesday, October 28th, at 9:00 PM. Fed Chairman Kevin Warsh will hold a press conference at 9:30 PM.
The current policy interest rate is in the range of 3.75% - 4.00%, and market expectations are:
* Interest rate to remain unchanged: 90.6%
* 25 basis point increase: 9.4%
In addition to the decision, the market will be focused on Warsh's comments on inflation, growth, and future me...
Wait guys I'm taking a BIG LONG on $BTC here.
TP: $80,673.90
SL: $80,074.54
Price: $80,224.86
$BTC just bounced hard from the $79,700 area, and buyers pushed price straight back above $80,200.
The 15m structure is showing a strong recovery, but that rejection near $80,400 tells me sellers haven't completely backed off.
I'm watching $80,200 closely. If buyers defend this zone and reclaim $80,400, the next liquidity target sits around $80,600–$80,673.
As long as $80,074 holds, I'm leaning to...
It’s strange. If we had this ascending channel for Bitcoin against the US Dollar Index, why is it only now, after the fact, with Bitcoin at $80,000, that analysts have noticed and pointed out that we bounced off the channel’s support line, forming a bottom at $57,000? Why do they always draw these charts and confirm the bottom only after it has already formed, making it look as if it was obvious all along? You were all shouting that the bottom would be much lower, around $35,000–$40,000! This is...