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

*FED HIKES INTEREST RATE 25BPS

as expected

Now we wait for the Presser which is important part

Would like to see us get above both lines to long, lows holding for now

Gonna long BTC half size here at $75,888, will wait to see if we close above $76K to add the rest. Crypto showing strength against equities. Press conference over as well.

Invalidation at the lows for now: $74,800

welp this is not helping our longs, good thing stonks close in 25 min

Showing good strength again post stocks close, really nice to see this during a rate hike bc if that can’t break us into new lows, what will? Our long is green now also

Gm I see we tagged 77k lil bit ago and now a little flush at NYO. I am still long btc