You should patiently wait for US inflation data this Wednesday @ 1:30 pm ET before making your next move.
BTC and
ETH have had stable weeks, whilst most altcoins have just bled continuously.
The inflation print this Wednesday will influence the Fed's next interest rate decision and, more importantly, its stance on Quantitative Tightening vs. Quantitative Easing.
If the FED ends Quantitative Tightening, this is very bullish because it suggests they will soon start Quantitative Easing.
QE will be great for altcoins as it will increase the liquidity available and bid up lower caps and also coincide with
BTC Dominance having a blowoff top last week.
So stay patient better days may be coming!
The inflation print this Wednesday will influence the Fed's next interest rate decision and, more importantly, its stance on Quantitative Tightening vs. Quantitative Easing.
If the FED ends Quantitative Tightening, this is very bullish because it suggests they will soon start Quantitative Easing.
QE will be great for altcoins as it will increase the liquidity available and bid up lower caps and also coincide with
So stay patient better days may be coming!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.