The FED has gone LOCO with their 1 Trillion Sell Program
Yes, the market this week will be determined by the FED ...... AGAIN
The FED will probably further increase the rate hike not the standard 25 points but 50 points in May and unleash 65 Billion in treasuries and 35 Billion in mortgage-backed securities.
Now the current market is a mess already, maybe because this is priced is...if not this selling pressure might make the financial market cringe again.
The Fed ain't owning any crypto, or if they do they are not selling. But with the current correlation between the financial market and the crypto market...crypto might follow his big brother in a downwards trend due to the increased selling pressure.
Always look on the bright side of ... the FED cleaning their balance sheet
On the other hand, if things play out well. The money might flow into crypto from the areas that will be most impacted by this selling pressure.
We might even see an uptrend as we saw in 2018 when the Feds cleared their balance sheet, simply because it´s priced in already and therefore the impact might be less severe than expected.
In all scenario´s we will have a lot of FED FUD this week so get your buying and selling orders in today...set your stop loss and brace yourselves.
If these events play out a little positive it might just trigger the supply crunch too which we are really close, it just needs one little catalyst....will this bet it?
I mean looking at the 30-day change in the Bitcoin Exchange Balance we see huge negative levels. Previously when we hit these -100K negative levels we pumped. That pump just needs a little trigger. And there ain´t no better trigger than a nice fresh dip to 35K.
That dip would be bought by retail and probably some institutional investors, and that buying spree would trigger the real supply crunch, causing a huge pump to the upside.
The story so far
So far we are just one day away from Wednesday and we are seeing Bitcoin remaining within the expected range of 38-39K waiting on the FED to execute their evil plans.
There are so many what if´s here that I am not gonna make any predictions, except that if it does turn out to trigger a dump initially ....the pump might happen sooner than expected. So get your buy and sell orders in today and do not look till Thursday morning. We just might get surprised by the FED.
Guess we have to wait and see on Wednesday.
Don´t say I did not warn you and have a lovely rest of your day!
Post Scriptum:
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Disclaimer
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