#BTC Employment Data Trading Plan
Massive day for BTC with the crucial employment data dropping after the 50bps rate cut made the market suspicious that the US economy was secretly screwed.
Let's find out if it is!
Unemployment Rate 13:30 (GMT)
Pretty straightforward, the lower the better.
Forecast = 4.2% (priced in)
<4.2% Bullish
>4.2% Bearish
Non Farms Payroll 13:30(GMT)
More jobs created, so the higher the number the better
Forecast = 140 (priced in)
<140 Bearish
>140 Bullish
Technicals
I've drawn my targets on the chart. These drops will cause massive volatility today so be careful with stop positioning!
Good luck!
Let's find out if it is!
Unemployment Rate 13:30 (GMT)
Pretty straightforward, the lower the better.
Forecast = 4.2% (priced in)
<4.2% Bullish
>4.2% Bearish
Non Farms Payroll 13:30(GMT)
More jobs created, so the higher the number the better
Forecast = 140 (priced in)
<140 Bearish
>140 Bullish
Technicals
I've drawn my targets on the chart. These drops will cause massive volatility today so be careful with stop positioning!
Good luck!
Note
Mixed response from the market. Either theres a fear again that those numbers are BS as they are so high, OR this might cause a flair up in inflation. If we do have more people earning in a low interest rate environment are we going to flair up inflation again!
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