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Thursday, November 3, 2022

BTCOIN rally destroyed by FED

BTCOIN rally destroyed by FED

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Hey tradomaniacs,

yesterdays FED-Statement dissapointed the Market since it priced in a step back by the FED with a possible statement about lowering upcoming rate-hikes aswell as the speed by Jerome Powell to fight inflation .

The worse the economy gets the more pressure is on Powell & Co to re-allocate the current circumstances.

However, Jerome was clearly Hawkish and has made clear its not time yet to think about it... This could cause a mid-term sell-off as the next steps will be discussed in December. YIELDS and so the US-Dollar pumped hard cuasing more risk-off in the market.

Technically we have a good short opportunity here.

What do you think?

Via TradingView Ideas

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