Traders, We all know that the USD is still the global reserve currency. And who governs the strength or weakness of the dollar? Yours truly, JPOW and co. Crypto currency prices are absolutely without question tied to the broader markets and the U.S. dollar. Therefore, we MUST consider how our crypto lead dawg will respond to JPOW's rate decision. With that said,...
Hello Traders, I hope you all are doing well. I just wanted to shoot a quick update for anyone a little shaken by the market or confused as to what's going on. TLDR: Yes, there are still geopolitical concerns, but at the moment it's not important to the market, because we've already seen the response of the world and it has strengthened relations of NATO and...
Stocks got a major lift ahead of the FOMC rate decision today. As we are all well aware, the Fed is expected to lift rates by 25 basis points (one quarter of a percent) to begin their 'firefight with inflation' . The rate hikes were heavily priced into the markets, and when the decision is made, we can expect a relief rally as the uncertainty is lifted. ...
If we zoom out looks like Bitcoin has been in sideways in big range for last 1 year.
Happy Monday Everyone! 😃 Thanks for stopping by for another BTC update! This time I look at the Bitcoin charts on multile TFs, but also at some very influencial geo political news concerning the Russia/Ukraine conflict, and finally news from the Feds about the future of the interest rates. I would also like to send well wishes to anyone that is affected by the...