Fundamental change of character
Yesterday's FED decision on rate interests, is a fundamental change of character, since we have moved from restricting liquidity to the start the economical stimuli. Technically this policy change should turn into a bullish scenario.
Nevertheless, the political landscape still is not clear. Until US's elections turmoil is over, we will have more certainty. In the long run, a democratic or republican president should have the same effect. However, in the middle and short terms, the effect would be dramatic. In the republicans win the election, we should see a strong bullish impulse. If the democrats does win the election, then the impulse should be bearish, with a long and difficult recovery to the upside trend. Unless, of course, the democrats correct their anti-crypto policies and politicians.
On the chart:
Purple path marks the general trend, that I expect will become true across 2025.
Orange path marks the bearish trend, that as always a possibility exist.
Happy trading !
Nevertheless, the political landscape still is not clear. Until US's elections turmoil is over, we will have more certainty. In the long run, a democratic or republican president should have the same effect. However, in the middle and short terms, the effect would be dramatic. In the republicans win the election, we should see a strong bullish impulse. If the democrats does win the election, then the impulse should be bearish, with a long and difficult recovery to the upside trend. Unless, of course, the democrats correct their anti-crypto policies and politicians.
On the chart:
Purple path marks the general trend, that I expect will become true across 2025.
Orange path marks the bearish trend, that as always a possibility exist.
Happy trading !
Note
It seems Bitcoin has taken the purple path. After the US election, we may see New ATHs. If new ATH happens, then the re-accumulation Wyckoff pattern will be confirmed. Happy trading ! Do your own research! ;)
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