Taking another shot at the ETH LONG here

ENTRY: $2510
SL: $2,460
(daily low, 2% lower)

I didn’t wanna trade before FOMC but this is actual good news, for ETH too

Up +1% so far, looks primed gonna hold for now, PA is very choppy though but let’s see if we can get the breakout pre FOMC which I’d rather not hold through that.

Looks like it might be some insider bid going on, random af. Good for our eth long

I TP’d a little

Moved SL to b/e, risk free trade now

Welp.. good think we TP’d a bit. Looks like full retrace again

*DOJ SAYS MILLIONS IN IRANIAN OIL PROCEEDS LAUNDERED ON BINANCE

GM!

Fully out of the ETH trade in profit rest hit SL at breakeven. There doesn’t seem to be any good reason to take any trades till we get the result of this Clarity Bill (tonight) and FOMC (tomorrow).

Rate hike odds now at 92.5%. Will find out more info of when the vote is the Clarity Act today.

I also removed these from few weeks ago.

Yeah CLARITY ACT most likely not approved given the current pa and odds dropped over 50% overnight yikes.

https://www.senate.gov/legislative/floor_activity_pail.htm

Meeting started

Yea most likely did not pass, not interested in shorting here if its for sure a NO but the slim chance it does pass I will long

CLARITY ACT DOES NOT GET REQUIRED 60 VOTES TO ADVANCE TO NEXT STAGE

Good morning boys, FOMC day is here. Can’t wait to get this over with.

As usual here are the following times that matter:

Rates at 2PM EST
Presser at 2:30PM EST

Consensus has a 92.9% chance of 25bps rate hike shown on the right, 7.1% chance of no rate hike shown on the left.

My plan for today:

25bps rate hike: DO NOTHING

No rate hike: LONG

FOMC in 5 min. Market does not look good rn.. let’s see the reaction