SOUR GRAPES
Markets barely budge after the Fed cuts a massive 50 bps.
This is due to uncertainty with participants feeling there is something “broken” in the system.
However, long-term this is BULLISH.
The Crypto
TOTAL Market Cap could see another small pump leading into the weekend to test its downtrend line, but I expect next week for the markets to “sell the news” pretty hard.
Should retest the lower order block ~$1.77T next.
Markets barely budge after the Fed cuts a massive 50 bps.
This is due to uncertainty with participants feeling there is something “broken” in the system.
However, long-term this is BULLISH.
The Crypto
TOTAL Market Cap could see another small pump leading into the weekend to test its downtrend line, but I expect next week for the markets to “sell the news” pretty hard.Should retest the lower order block ~$1.77T next.
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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.