Welcome to this quick update everyone. Nice bounce so far. BTC needs to get back above the ascending triangle pattern . The current resistance is around 32k. Anything else is a noise. IMHO, do not stress much on trading. The grey area is likely to be taken in the next few candle closes. Weekly close above 32k is all we need. Bulls are holding the 28k area nicely as long as it holds the price is likely to move to upper levels all the way to $32-$34-and even 36k. For this to happen we need the 32k to be taken.
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This time around, the Fed’s insistence that it will raise rates as high as needed to tame surging inflation has bolstered the argument that policymakers will be less sensitive to market volatility - threatening more pain for investors. "The Fed has bigger fish to fry and that's the inflation problem," said Phil Orlando, chief equity market strategist at Federated Hermes, who is increasing his cash levels. "The 'Fed put' is kaput until the central bank is confident that they're no longer behind the curve." Jason England, global bonds portfolio manager at Janus Henderson Investors, believes the index needs to fall at least another 15% for the Fed to slow its tightening, given that unprecedented monetary policy support helped stocks more than double from their March 2020 lows.
The New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2022. REUTERS/Brendan McDermid
AlkalineFX
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Nice chart!
Crypto_Trader_Lucas
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Amazing
jawadsolutuons
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I am also foreseeing the same .. A drop to 28,700 level and then move up to 32K in one go ..
"The Fed has bigger fish to fry and that's the inflation problem," said Phil Orlando, chief equity market strategist at Federated Hermes, who is increasing his cash levels. "The 'Fed put' is kaput until the central bank is confident that they're no longer behind the curve."
Jason England, global bonds portfolio manager at Janus Henderson Investors, believes the index needs to fall at least another 15% for the Fed to slow its tightening, given that unprecedented monetary policy support helped stocks more than double from their March 2020 lows.
The New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2022. REUTERS/Brendan McDermid