Volatility Incoming: FOMC Meeting is this Wednesday, November 2nd – Jerome Powell is expected to raise rates another 75bps Over $100 billion dollars was added to the crypto market in the last 5 days Ethereum and Dogecoin were clear winners of the market pump leading up to and immediately after Elon Musk buying Twitter on Friday How Markets Will React to FOMC:
Almost $100 billion dollars was added to the crypto market Tuesday afternoon These price movements confirm (for now) that the bottom is in for Bitcoin and Ethereum – barring some unexpected news that could cause some turmoil in the markets Algorand / $ALGO On Tuesday morning we looked into Algorand and identified upward momentum And just as expected,
On Monday we looked at the $SPY: I recognized a few things: Old support level at ~$390 could be the new resistance level for the next leg up SPY could peak at ~$390 over the next few days Market may price in Fed rate hikes starting this week (FOMC is next Wednesday) Here’s where we are today: Strong green candles working their
What stage are we in right now? This is another example reinforcing my thesis that capitulation has already happened and crypto has entered an accumulation phase Algorand / $ALGO My Strategy: I Dollar Cost Averaged into the “demand zone” and currently enjoying the upward momentum My target for selling is anything above $0.33 Possibility we
Important dates that could effect the markets this week: The November FOMC Meeting is next Wednesday, November 2 Midterm Elections are Tuesday, November 8 S&P 500 ($SPY) The SPY is on track for a small bear market rally This could be a good entry for a short-term position to exit before the the market prices in Fed Interest Rate Hikes next week Good
This week I’m trading Algorand and looking at accumulating Polkadot. I’ll throw in a few tips on how to grow your holdings. First, a few assumptions: I’m assuming there will be a bounce back to the upside in the next few weeks possibly after FOMC and/or midterm elections. Also assuming there will be more dips in the
A few quick tips: My work here is to educate on short and long term signals – on which direction the market is generally headed based on academic indicators These signals can help develop an investment strategy – they are not the only elements you should factor into your thesis I will share my investment strategy for you to
The crypto market is working its way to confluence where resistance and support are crossing one another The last 12 months have shown these pennants turning bearish The next couple weeks will either confirm or reject my thesis that the bottom is in and we’ve entered an accumulation phase Bitcoin / $BTC Macro timeframe shows multiple tests of resistance – more now
Mark your calendars. Expect high market volatility leading up to and on these dates: Wednesday, November 2, 2022: FOMC Meeting Friday, November 4, 2022: October Unemployment Data Tuesday, November 8, 2022: Midterm Elections Thursday November 10, 2022: October CPI Friday, December 2, 2022: November Unemployment Data Tuesday, December 13, 2022: November CPI Wednesday, December 14,
CPI is up 0.4% for September 2022 Crypto Altcoins nuked last night ahead of the CPI print this morning This is a signal that the Fed will continue to raise rates at the next FOMC Meeting in November Anticipate 75 to 100 basis point increase which will increase volatility in the markets S&P 500 /