Mayday- Market is up for yet another correction
Updated Ethereum chart as well as a tour on major Altcoins.
Unfortunately at the same time , indices are appearing bearish and yet another correction could take place. Especially DAX and Nasdaq.
In any case. Better be careful tonight, things do not look so great and Powel mentioned the word 'recession' today which sounds awful:
https://finance.yahoo.com/news/powell-fed-will-adjust-policy-as-needed-to-lower-inflation-avoid-recession-163004245.htmlPowell: Fed will 'adjust policy as needed' to lower inflation, avoid recession
Energy prices are rising, Inflation from pandemic printing is high, Rate Hikes in progress, War in Ukraine, World divided in groups (globalism vs bipolarity) and it all sounds even worse when Powel says 'recession'.
You knwo what we do here at FXPROFESSOR, we said a million times:
We BUY Bitcoin, we go short on indices, at the same time we actively trade our charts (gold and Oil have done as well, https://www.tradingview.com/chart/USOIL/Vle95aMa-CRUDE-OIL-17-Higher-Since-our-PERFECT-Post/especially Oil).
For the time being, let's be careful: the amrket keeps going sideways and now is probably a time for yet another corection.Hopefully not a big one as Bitcoin will test the 40,000$ support and could rebound from there, ligting altcoins higher as well.
One Love,
the FXPROFESSOR
Unfortunately at the same time , indices are appearing bearish and yet another correction could take place. Especially DAX and Nasdaq.
In any case. Better be careful tonight, things do not look so great and Powel mentioned the word 'recession' today which sounds awful:
https://finance.yahoo.com/news/powell-fed-will-adjust-policy-as-needed-to-lower-inflation-avoid-recession-163004245.htmlPowell: Fed will 'adjust policy as needed' to lower inflation, avoid recession
Energy prices are rising, Inflation from pandemic printing is high, Rate Hikes in progress, War in Ukraine, World divided in groups (globalism vs bipolarity) and it all sounds even worse when Powel says 'recession'.
You knwo what we do here at FXPROFESSOR, we said a million times:
We BUY Bitcoin, we go short on indices, at the same time we actively trade our charts (gold and Oil have done as well, https://www.tradingview.com/chart/USOIL/Vle95aMa-CRUDE-OIL-17-Higher-Since-our-PERFECT-Post/especially Oil).
For the time being, let's be careful: the amrket keeps going sideways and now is probably a time for yet another corection.Hopefully not a big one as Bitcoin will test the 40,000$ support and could rebound from there, ligting altcoins higher as well.
One Love,
the FXPROFESSOR
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