🧯 There is WAR on Bitcoin 💣🔥
I will remain Long no-matter what. That's a personal opinion that won't change.
In the video i talk news, inflation, job report today. Let me know yourthoughts.
Links:
1. Biden war on BTC miners: cointelegraph.com/news/biden-budget-proposes-30-tax-on-crypto-mining-electricity-usage
2. Powell war on Bitcoin: decrypt.co/122997/fed-chair-digital-dollar-send-bitcoin-to-zero
3. SEC failure to safeguard the Crypto industry which i cover earlier this week (Silvergate and FTX):
Combine the 3 and we have this: OPEN WAR! They hate it and they need the money to go elsewhere. that's their interest...not necessarily mine interest or yours.
DATA/METRICS:
NFP was positive today but unemployment rose so it evens it out. Dollar failed to rise and was a good day for Gold: fxstreet.com/news/us-nonfarm-payrolls-forecast-analyzing-february-nfp-release-202303100700
Nobody talks about average hourly earnings report today which for me is important: 'wages inflation was lower' if I can say it in a simple way: wages cool ft.com/content/4a97448f-2136-403f-9f58-0b7b093d6804
Wage price spiral avoided..Great news investopedia.com/terms/w/wage-price-spiral.asp
As data came out, the CME revised the possibility of a 0.50% rate hike to lower: cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
At the same time banks taking a beating: twitter.com/tradingview/status/1634208689384046593?s=20
CPI next week will be HUGE! I expect lower inflation, since energy prices did not pump and wages did not rise. Hopefully next week we have good news..pray!
When Banks take a beating I like to hold Bitcoin. personal opinion and experience:
Can we revisit 18k? Yes, it's possible now
Can BTC go to zero? That also is a possibility
Will some ALTS got o zero? For sure some will!
Will some ALTS succeed? Again, for sure some will!
Do I remain Bullish on BTC? That is a personal statement and mu humble opinion.
After all i can wait.... it looks like the Feds and the US government can't.
One Love,
The FXPROFESSOR
PS. Thank GOD i have a forex account...got saved by Gold this week. Still, very unhappy and FED up with people. Never fed up with Bitcoin.
In the video i talk news, inflation, job report today. Let me know yourthoughts.
Links:
1. Biden war on BTC miners: cointelegraph.com/news/biden-budget-proposes-30-tax-on-crypto-mining-electricity-usage
2. Powell war on Bitcoin: decrypt.co/122997/fed-chair-digital-dollar-send-bitcoin-to-zero
3. SEC failure to safeguard the Crypto industry which i cover earlier this week (Silvergate and FTX):
Combine the 3 and we have this: OPEN WAR! They hate it and they need the money to go elsewhere. that's their interest...not necessarily mine interest or yours.
DATA/METRICS:
NFP was positive today but unemployment rose so it evens it out. Dollar failed to rise and was a good day for Gold: fxstreet.com/news/us-nonfarm-payrolls-forecast-analyzing-february-nfp-release-202303100700
Nobody talks about average hourly earnings report today which for me is important: 'wages inflation was lower' if I can say it in a simple way: wages cool ft.com/content/4a97448f-2136-403f-9f58-0b7b093d6804
Wage price spiral avoided..Great news investopedia.com/terms/w/wage-price-spiral.asp
As data came out, the CME revised the possibility of a 0.50% rate hike to lower: cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
At the same time banks taking a beating: twitter.com/tradingview/status/1634208689384046593?s=20
CPI next week will be HUGE! I expect lower inflation, since energy prices did not pump and wages did not rise. Hopefully next week we have good news..pray!
When Banks take a beating I like to hold Bitcoin. personal opinion and experience:
Can we revisit 18k? Yes, it's possible now
Can BTC go to zero? That also is a possibility
Will some ALTS got o zero? For sure some will!
Will some ALTS succeed? Again, for sure some will!
Do I remain Bullish on BTC? That is a personal statement and mu humble opinion.
After all i can wait.... it looks like the Feds and the US government can't.
One Love,
The FXPROFESSOR
PS. Thank GOD i have a forex account...got saved by Gold this week. Still, very unhappy and FED up with people. Never fed up with Bitcoin.
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