Bitcoin Volatility Coming
September rate cut is now consensus.. what is lost on most is that rate cuts are not bullish outside the blowoff top that comes from retail thinking they are.
2008 GFC rate cut cycle:
in July 2007 the Fed cut rates for the first time after a hiking cycle similar to the one we are in currently. The S&P dropped 7%, then went on to make a new ATH 105 days later (blow off top) and immediately started a 60% move down. Fed funds rate was 0.18% 525 days later and the GFC bottomed after 616 days from the original rate cut. Twas not bullish.
Bitcoin price direction squiggles:
Green = bearish
Gold = bullish
Tapping the trend line in a black swan at the Fibonacci golden ratio zone (50 to 618) makes a lot of sense, the only question is will we be above 74K at time of the first cut or will we still be in this range.
No matter what major volatility is coming between Sept-Jan.
This might seem like a short but no matter what happens the price of Bitcoin will be going up forever and trying to time the lows is pointless when you can just buy at any time and on a long enough time horizon you will be up based on this trend line and fiat expanding forever.
Buy the dips or buy the rips... as long as it is a buy who cares?
2008 GFC rate cut cycle:
in July 2007 the Fed cut rates for the first time after a hiking cycle similar to the one we are in currently. The S&P dropped 7%, then went on to make a new ATH 105 days later (blow off top) and immediately started a 60% move down. Fed funds rate was 0.18% 525 days later and the GFC bottomed after 616 days from the original rate cut. Twas not bullish.
Bitcoin price direction squiggles:
Green = bearish
Gold = bullish
Tapping the trend line in a black swan at the Fibonacci golden ratio zone (50 to 618) makes a lot of sense, the only question is will we be above 74K at time of the first cut or will we still be in this range.
No matter what major volatility is coming between Sept-Jan.
This might seem like a short but no matter what happens the price of Bitcoin will be going up forever and trying to time the lows is pointless when you can just buy at any time and on a long enough time horizon you will be up based on this trend line and fiat expanding forever.
Buy the dips or buy the rips... as long as it is a buy who cares?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.