Crypto Celebrating Winter Fest🥶 in the Summer

Set your dates for the 13th and 20th of september as these next 10 days will be madness on the Crypto market.

As both the U.S. Bureau of Labor Statistics - and the US Federal Reserve will be making a few noticeable impacts on the crypto market that may last for months.

We are currently in a possible downtrend heading for all known cryptos including Ethereum - XRP -BTC which will likely see the 23,000 range after the 13th as bears are already short selling on BTC in preparation for the event from the U.S. Bureau of Labor Statistics CPI report.

This even affects Altcoins such as Pepe - Doge and most of all Shiba-inu which will likely see 0.00000500 - 0.00000200 by the 15th.

Some of you may not know what the U.S. Bureau of Labor Statistics CPI report means and how it will Effects the crypto market.

Below I will explain the possible effects it will have along with the further effects that will take place after the federal reserve speech on the 20th of September and how this will likely play in the fall to the 20,000 range for Bitcoin and the 0.00000100 range for coins like shib.

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on the 13th of September 2023 - Much of the crypto market may rise or it may fall, the question is, why and what caused it, well the first is:

The U.S. Bureau of Labor Statistics CPI report

So what is it you might be wondering?

The Consumer Price Index or (CPI) is how the U.S. Bureau of Labor Statistics measures the average change over time in the prices paid by consumers for a representative basket of consumer goods and services. The CPI measures inflation as experienced by consumers in their day-to-day living expenses.

When the CPI is rising it means that consumer prices are also rising, and when it falls it means consumer prices are generally falling. In short, a higher CPI indicates higher inflation, while a falling CPI indicates lower inflation, or even deflation.

How will it affect the crypto market?

Good question:
When the CPI increases on the reported date, it signals that the cost of living rises and that consumer purchasing power erodes. This can be bullish for consumer staples stocks like walmart or Consumer Staples Stocks this includes resource dependent items that are not a luxury.

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This will mean a bearish market for consumer discretionary stocks, such as Amazon, Netflix, and none resource dependent markets and sadly this may include crypto as consumers will have less disposable income to spend on luxuries and entertainment.

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So the question is where are we now and what's the likelihood that we will recover?

That totally depends on if the CPI report falls in the crypto markets favor, and currently it's not likely to do so, but that's not the even worse part some Bulls/bears which are short selling maybe too happy to watch it fall for a cheaper price and expected return to the highs of 30k on BTC for example, we would require a rally so large that it will make BTC fly to the 40k mark within a few days. But unfortunately there may not be such a rally to come no time soon as the next 4 to 5 days will be either crashing none-stop much worse than what we already experienced - and may settle on the 6th or 7th day, giving us hope for a better tomorrow.

Don't count your blessings just yet, There still the date for the US Federal Reserve speech that we all of the crypto market have to look forward to, Set for the 20th of September 2023, will mark 9 days of possible crashing, as stated before on my other reports.

you can read them here.

Bitcoin 10k crash

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Bitcoin 10k crash! Reposting from Aug 19, 2023

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And Shib possible 0.00000100 crash

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Please do not allow this to frighten you into selling, understand the risk and understand this maybe hypothetical so bear with me shib-fans take this with a grain of salt.

Like, laugh, make fun of this prediction, but I just wanted to give everyone a heads up of my findings.

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But this will last for 10 to 15 days and we may see the ranges for areas such as BTC to the lows of 20k to 15k or less.

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Areas that shib has not seen since 2019 I have begun the process of mapping where shib will land if BTC does surpass the 20k mark, so far 20k is shockingly the 0.00000200 mark for shib. Any lower it will be in the negatives meaning BTC passes the 20k mark we'll be at -0.00000200 and if it hits the 10k mark it'll be at the -0.00000700 - which might not be as bad as I think it might sound but bear with me as bulls will be buying up abundantly and may not even happen, likelihood Shib may just stop crashing after the 20th with great news coming from the US Federal Reserve speech. We won't rightfully know until the 25th when the dust settles and what remains is what Shib, BTC, DOGE, ETH, all of the crypto market is going to climb back from until early 2024.

Once again

The next Federal Open Market Committee (FOMC) meeting will be held on September 19-20, 2023.1 The FOMC is the monetary policy-making body of the Federal Reserve System, and it holds eight regularly scheduled meetings during the year, as well as others when necessary.

So you know what this means if BTC - ETH - XRP and others fail to rise pass 0.00000900 by the 18th of september.

Expect early Sell - offs at least 1 hour before the meeting takes place, and expect post sell - offs including panic selling if the speech fails to deliver a positive response to force the crypto market and majority of all markets to move up.

That's not all, expect at least a 2300% - to - 3500% percent drop - that is if shib is currently trading at 25800.00 it will collapse to the 15000.00 by the end of the week due to so many sell-offs if the Federal speech cause a negative effect on the market such as announcing more price hikes for the wrong sectors.

Be expecting an extraordinary long recovery time from 1 month to 3 months.

When the Storm passes, we'll have more speeches to come that can either damage the market further while in a bear season, or help the market rebound with abundant good news.

These are the current remaining dates for the speeches these also match the chart placement for idea price locations for 2023

Meeting dates are

September 19-20*

🎰Current expected trading in decline trying to rebound, as the market is now officially in a bear season so recovery will be very slim if not possible to happen or last long before crashing back to the lower levels.

October 31-/November 1.

📉Expect BTC and other to be near their lowest numbers to date btc at 15,000 and Altcoins like Shib inu to fall to the 0.00000300 or even in the -0.00000100 if it has failed to rebound by the 18th of september.

December 12-13*

📈Nearing the end of the bear season before a bull season starts we may experience more loses before the holidays.

Today is September 4th - here is another look at the week chart to identify possible stopping points, aligned with the prediction site 30rates, and my own research to get the best possible areas for when this crash will likely take place.

Below is a older chart path, current path has not changed we are still going downward expect slight changes depending on the reported news from both the the U.S. Bureau of Labor Statistics - and the US Federal Reserve

Day chart 15 Days left on the paths - dates are marked for expectations.

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So for now - my suggestion is to prepare for anything.

Set your dates for the 13th and 20th of september - see you all on those days and wish you luck on your likely choice.

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The U.S. Bureau of Labor Statistics CPI report was released on the 13th of september. CPI Report: US Inflation Rises to (3.7%) Higher Than Expectations which is good for Bitcoin and the rest of the crypto market as the effects were shown over a 4 day increase from a 2 month low.

Bitcoin (BTC) has risen to return from the $25,000.00 to the $26,000.00 price range after 4 days of high returns after the announcement of the 3.7% and the rest of the market soon followed over the same 4 day process.

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We're far from out of the downtrend however, as we enter the last 4 days before the next Federal Open Market Committee (FOMC) meeting will be held on September 19-20, 2023. Signs are promising at the moment so hopeful this will be positive for the market to see some much needed gains.

Set your dates for the 20th of September - wish you luck on your likely choice.

Grandmaster_Oz

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Grandmaster_Oz