#BTCUSDT #fed #FOMC #Powell

Summarize:

Going to happen and having fun, 0.5% hikes was clearly on the table, little chance was for 0.25% ..


the market was actually waiting for Powell's words regarding the balance sheet and QT, the decisions have been less aggressive than expected for now. Talk continues on how to avoid recession, this summer will be more critical, when Fed officials can assess how quickly rate hikes induce a slowdown in household and business spending and whether this slows the pace of inflation. In reality in my posts and threads I have never talked about recession, most of the crises have been caused by the loan and mortgage market, since 2008 the market and its policies have changed in the face of crazy speculations to avoid these crises. cyclical. Powell in December had to choose between two alternatives, aggressive hikes or be more accommodative and accept a slow decline in inflation which is currently at 3.6% 5-year average and 3% 10-year average. This makes us understand that we will not see a Volcker 2 like in the 80s and the recession will be so short that we will not even notice it but they will be years of savings in reduced spending, increasingly confined to smart working. We are probably going to see the economy revolutionize more and more, especially in favor of the digital one, which is why we cannot do without the emerging DeFi crypto market through stablecoins.

My vision continues to be the one summarized in this post and entire thread:
https://twitter.com/criptopaul/status/1481304839955128326?s=21&t=ne3kuZomv2eAasx9qKk_KQ

A thread where i put some serious questions

#BTC 

I tried to be optimistic in recent posts but probably had to leave emotions aside like i was here above and like i warned for all 2022.

If market will not start to recover on monday we are fucked, will be a photocopy of 2017-2018-2019.
We will forget about many 2021 bln project that will go slowly to 5-10mln mcap

Prolly this was last hope. What we can expect now after a big downside move is a fast bounce to 36' level and a continuation of downside to 30-33k

And bouncing

#BTC
Some considerations on possible bottom as in July.
Market conditions are different as explained in my pinned thread, fed was dovish , we were coming out of the third covid wave, we had no war and inflation skyrocketed.

We are in the middle of a restrictive monetary policy, therefore no more money printed that enter in the market for support buy pressure/ask. It will take several months, maybe years before to see macro structures of bottoming out specially for #altcoin.

Well a clear reaction at 33k as imagined.

It will be a psychologically exhausting 2022. Only accumulate as much BTC as you can below 30k

Expecting bullish February as stated many times. We will see new low. Move accordingly that we are in bear trend, and a bounce is equivalent to a retracement, until bear trend is invalidated with multiple higher higs.

These six statement from january/february summarize my thought on early 2022, is coming true but this continues to be my macro view. Probably bottom will be longer , we are going to see some relief here at 34k, looks like a local bottom and tomorrow around 15pm utc we are going to bounce again as usual on monday recently.

But btc price will go lower probably a deviation to 26k and eth to 1600$

This is probably one of my favorite chart/TA for me

https://twitter.com/criptopaul/status/1484536846243799041?s=21&t=oGPiXE8JXLno1EFZjupDPA

26-24k for ethereum equals to 1500-1600, where we could see large liquidations and huge short squeeze / deviation, commons fake breakout

Expecting a bounce and some relief today in few hours when Usa stock market will open.

But as said in bear market every bounce is momentary, we continue to see lower lows, its a fact.

Takes time before building a solid support and a total trend reversal o, patience is the key , do not be hasty and emotional.



Even a big bounce between 36-38k would not be a trend reversal at this phase.

https://twitter.com/criptopaul/status/1481304854765129731?s=21&t=qOoxQ7VNar9mlHJw6jR8nQ