I don’t trust this rally one bit
Inflation data just released few days again and we printed another 5% plus. That’s a red flag for any investor investing in a risky assets like crypto because it is 100% sure that the interest rates are going to go up again in the next FOMC meeting.
To me, I think this is a co ordinated rally for some whales to get their money out before the eventual dump. They want dump money to FOMO in so they can go out. I can’t see no other reason why inflation will go 5% up and with and expected .75 interest rate hike and crypto will be going bananas
TL DR: Market shouldn’t be going up when we have 5%+ inflation with expected .75 interest rate hike.
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $PROSHARES NASDAQ-100 DORSEY WRIGHT MOMENTUM ETF(QQQA.US$
To me, I think this is a co ordinated rally for some whales to get their money out before the eventual dump. They want dump money to FOMO in so they can go out. I can’t see no other reason why inflation will go 5% up and with and expected .75 interest rate hike and crypto will be going bananas
TL DR: Market shouldn’t be going up when we have 5%+ inflation with expected .75 interest rate hike.
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $PROSHARES NASDAQ-100 DORSEY WRIGHT MOMENTUM ETF(QQQA.US$
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Sg-Jin : Buy sub 20k btc
Don’t be exit Liquidity if the wimpy bears have any gas left to bring market down.
Pump can go on to 28k if fade rally but if break 30+k and hold and changes general direction from top means it’s real rally.
Hope ya all got bags between 17-18k btc.
bwjx Sg-Jin: Doubt the rally is one with conviction. If btc is really valuable, why didn't Tesla choose to hold when it is down by more than 50% but sold them instead. Shouldn't they buy the dip instead?
Sg-Jin bwjx: Bogdanoff gave orders to musk to dump et
On a serious note, musk dump cause without selling his btc Tesla would be -ve cashflow on their balance sheet. Look at the earnings report of Tesla. Their gigs factories are money burning furnaces.