Hello Bois, this is probably the most important update i’ll do.
The FED will be making a decision about the interest rate and announcing their monetary policy on July 28th.
What does that mean? If they decide to increase the interest, then it will most likely put everyone in the stock market in panic and will most likely sell out their positions. Which means catastrophic for crypto market. Yesterday the stock market saw one of the biggest sell off within one day in the stock markets history. Hedgefunds are moving in to the stock market which is also a bad sign. I’ve been tracking whale wallets in this market and a lot of cash are also leaving and more coins getting injected in exchanges. Like I said in my past TA’s, if the stock market falls, so will bitcoin and the rest of alt. coins. This is not intended as a FUD. Please use caution. A lot of people are about to pay for their tution for investing money in things they don’t understand. This market doesn’t care about anybody. It will do what it will do. Don’t be dumb and get carried away by your emotions. Be careful trading and protect your investments.
Good warning for everyone! Yes we really need to be aware of whats possibly coming. July 28th is also the deadline Elizabeth Warren gave the SEC to come up with new regulations for crypto.
Maybe in the long term more regulations would have a positive effect, but any news on that level could trigger sell-offs as well.
Lots of things going on right now behind the curtain, that your post touched on. Proper risk management is needed now more than ever
Maybe in the long term more regulations would have a positive effect, but any news on that level could trigger sell-offs as well.
Lots of things going on right now behind the curtain, that your post touched on. Proper risk management is needed now more than ever
Hold on to your hats!