Around 30 minutes ago, the FED announced that they're hiking the interest with 0.5%. This is exactly what the market expected., just like last time!
In very oversold/fearful conditions, neutral news = good news.
Yesterday, I made a deep-dive analysis on why I expected the markets to respond BULLISH to the FED interest rate decision. Give it a read.
Assuming that investors will not change their minds in the coming days, I'm expecting a short-term bullish move. Target is the area around 44.5k, potentially even the top of the bear-flag. As mentioned in my deep-dive analysis, I'm still long-term bearish until proven otherwise (a bullish break out of the bear-flag).
I wonder when the top trending analysts on tradingview will get one right
silverblade2487
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hmmm so much for that
pinchez254
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BTC is dumping !!
ProjectSyndicate
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would be nice to get that move
Solldy
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The idea was not too informative. In general, many of the arguments I have already noted for myself, but supported my vision) Thanks for your publication, my friend!
FieryTrading
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@Solldy, My main arguments were in the deep-dive analysis, as stated in the text.
DeGRAM
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Thank you for sharing!
AsmaIlyas
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Can you tell me in simple words in your experience that BTC will again bearish from 42k region to 35k ? Or we can hold alts coins for good profit or sell with minimum profit or sell bought limit price?