FX_Professor

βœ”οΈ Sell the Rumors- Buy the News πŸ‘¨β€πŸ«βœ”οΈβœ”οΈβœ”οΈ

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So finally the rumors of an increased rate hike was the time to go short (sell) and the actual results was the news to buy...

Usually we say 'Buy the Rumors- Sell the News' but this time it was the other way around.


βš οΈπŸ‡ΊπŸ‡ΈπŸΏπŸ‘€ Below i will inform you about the FEDS press conference, especially the best ones.

- Real GDP growth accelerated this quarter βœ”οΈgood news

- participants lowered their economic activity forecasts with an average real GDP growth forecast below 2% to 2,4 βœ”οΈok

- we will continue to significantly reduce the balance sheet and reiterate that a rate hike at the meetings is appropriate βœ”οΈok

- inflation surprised (lol) and we will change forecasts βœ”οΈnormal, expected

- raising by 75 is our flexible and responsive approach to data ( inflation ) βœ”οΈok, priced in?

- the economy is very strong and well positioned to implement tighter monetary policy βœ”οΈGreat to hear

Question: What is the prognosis? Everything depends on the data. βœ”οΈtold you employment data is Key

- we are quickly raising rates to a normal level, 50-75 are discussed in July βœ”οΈok

- a rate of 3%-3.5% is suitable for reducing inflation βœ”οΈβœ”οΈβœ”οΈGREAT! CME prognosis was for 4-5%

- we want to see a serious decline in monthly inflation figures βœ”οΈgood luck, make friends with Putin

- the goal is to bring inflation down to 2% and to keep the labor market strong βœ”οΈbla bla ..will take time you need to control energy prices

so..overall good things were said. Especially that rates will not be over 3,5%. great news really

BTC TECHNICAL ANALYSIS:
Professor expects 24400.. we will see what happens then. For now I am bullish

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