💡 Rationale: The previous unemployment rate and CPI showed that the job market remains strong and inflation is still hot, which likely means the Feds will continue to be adamant about rate hikes.
Read on. 👇🏻
With NASDAQ and SPX making new lows, the overall macro trend remains bearish and crypto is likely to follow the downtrend for now with the occasional rallies. With winter coming and inflation possibly increasing, it is possible that recession occurs and the market goes...
💡 Rationale: ETH has again bounced off its $1250 support level and is trading above $1300.
Read on. 👇🏻
With record levels of puts and shorts, we may see a short squeeze and strong rally towards the mid-term elections on 8 November. The CPI inflation read on 13 October was neutral on the YoY but slightly higher than expected on the MoM, creating a bearish bias that has since...
💡 Rationale: The previous unemployment rate showed that the job market remains strong, which likely means that the Feds will continue to being adamant about rate hikes.
Read on. 👇🏻
With NASDAQ and SPX making new lows, the overall macro trend remains bearish and crypto is likely to follow the downtrend for now with the occasional rallies. The upcoming CPI read on 13th October will determine where the market will move next. If inflation remains high...
💡 Rationale: ETH is now back at key support around $1250. Although macro markets took a tumble with the announcement of the unemployment rate...
Read on. 👇🏻
..., a bullish divergence is being formed and with record levels of puts and shorts, we may see a short squeeze and strong rally towards the mid-term elections on 8 November.
Oct 10, 2022 • 6 tweets • 10 min read
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Oct 9, 2022 • 5 tweets • 8 min read
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