BITCOIN 2023: When To Buy?
Hello,Traders!
I'll just say that while this post is about BITCOIN what I say here applies to all assets Including stocks, real estate, bonds, precious metals. Many people are still expecting some sort of 2008 style crash of the markets because the economy is going from bad to worse. However, while we are already in the recession and the only person who refuses to see that is Jerome Powell of the FED, this has little to no influence on the modern markets which have been divorced from the real economy for quite some time. So once the FED pivots, and I am expecting this to happen no later than Mid 2023, this will tell the markets that we are again looking at the interest rates lowering cycle which will inevitably make the markets rally . And the rising tide lifts all boats so all the assets will start going up. Crypto, stocks, bonds, Gold. The only difference will be in the rate of return you can get. And clearly, the crypto market which is now the most depressed one will make the biggest gains. So If you don't have much capital, then buying stocks or gold will not make you rich. However, buying crypto, might do the trick!
So here is the trading plan for 2023: wait till the FED lowers rates for the first time then just buy the assets you can get your hands on and wait.
Happy New Year,
And see you in 2023!
Powel
US FEDERAL interest rate, ImpactionsThe Federal Reserve announces it frankly. We don't know if raising the interest rate will lead to an economic recession, and this is the only way to stop inflation!
The probability of a recession is 99.9%,
-According to the Head of Fixed Income in the Fund Management Division at Bank of Montreal, BMO.
- Bank of Montreal this month, expected inflation to be 8.3%, and in fact, the inflation data came out the same as its prediction.
The US Federal Reserve is the most tight-lipped among central banks and the preference for the dollar
🛑 Gold prices continue to decline with the rise of the dollar and expectations that the Federal Reserve will continue to raise interest rates.
Powell: How much pain depends on the timeline for the 2% inflation target
P owell: In the housing market, we have to undergo a correction to return to normal price growth
Inflation forecasts according to the Federal Reserve:
2022: 5.4%
2023: 2.8%
2024: 2.3%
2025: 2.0%
best regards
[/b ]Srosh Mayi
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Gold ScalpingGold was in a pullback mode labeled as wave E on a weekly chart however on a smaller time frame i am expecting a minor pullback towards 1809 Level before any continuation might occur. a break above 1809-1815 will give us more momentum for the upside view.
waiting DEC 15 to see the reaction of the market after Powel conference.
Taper could start in NovemberFed's Powell says taper could start in November, finish in mid-2022. Federal Reserve Chair Jerome Powell said the central bank could begin scaling back asset purchases as soon as November and complete the process by mid-2022, after officials revealed a growing inclination to raise interest rates next year.
Given the economic data, the start of tipping in November does not seem far-fetched.
I predict that bitcoin will fluctuate in a downtrend with the start of taper and strengthening of the dollar.
Of course, in the remaining 20 days until the end of the month, Bitcoin can suffer or have minor corrections and give Altcoins a chance to grow.
What do you think?
SPY is selling off. People want their cashUsing the Cash in/cash out indicator (CICO) one can see the major shift from buying to selling. The CICO indicator measures a rolling sum of new money in and out of the market. The user can set the desired time frame to measure. The code is open source and directions on how to use the indicator are within the comment sections of the indicator. Don't let the 1% take your money, they don't need anymore.