LiveTradingHouse

Buy The Lows IF.... FOMC takes us there! (end of week)

Long
BITSTAMP:BTCUSD   Bitcoin
As we all know the last FOMC announcement drastically effected the crypto market several weeks ago and well... Every other market for that matter. 2 days until we are met with yet another bearish outlook surely? These expected moves to the downside perhaps create an opportunity for anyone who can maintain the intestinal fortitude to bear the risk (no pun intended). Consider me an optimist and pro MMT; the market should in theory head for new highs come January. So for sure we are early. Of course playing counter trend will go against your better judgement even though some bulls are purely in a denial state at this point just wishing for 30k again. I recommend trading small positions on leverage. cut your losses quick. For anyone else just buying the coin looking to hodl for the rest of the year, now would be your chance to catch one of many prime entries on a potential Christmas rally. I stray away from flooding my charts with Indicators for these post to keep things simple. We expect price to go lower, if it does. you know what to do.

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