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
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
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
❤1
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
Invalidation at the lows for now: $74,800
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
❤3
To keep it simple this is what we want to “hold”, HTF support for both and good timing with tagging and holding it during FOMC yesterday. Break down below these and it’s very bad imo
❤3
Farzad
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
Rejected the big range lows again. We didn’t really get a crazy move up from the lows on BTC versus some good moves on alts. I don’t wanna TP it but just gonna move stops to B/E and let it ride, price is up only like $400 from our entry.
Reclaim $78K and I’d look for swing longs and be comfortable with that Wednesday low being the true bottom on this move.
Reclaim $78K and I’d look for swing longs and be comfortable with that Wednesday low being the true bottom on this move.
❤2
Farzad
Rejected the big range lows again. We didn’t really get a crazy move up from the lows on BTC versus some good moves on alts. I don’t wanna TP it but just gonna move stops to B/E and let it ride, price is up only like $400 from our entry. Reclaim $78K and…
Glad we didn’t close it 🫡
Up basically ~2% from entry now. I’m gonna just hold but if you’re up good take some off. Stop loss at b/e
Up basically ~2% from entry now. I’m gonna just hold but if you’re up good take some off. Stop loss at b/e
❤1🔥1