$BTC Sunday update: I've been bullish for the past 2 weeks, riding this move and taking only 1/3 profits of my SOL & ETH longs for having confidence in my idea. Interest Rate cut on Wednesday - this is what I think it'll probably happen and how I'm playing it: 🧵↓(1/6)
Let's start with Monday and Tuesday: When the market awaits an uncertain reaction from an economic event is common that price doesn't move much. Traders struggle to engage in trading when they don't know the market reaction of an important event, I call this spectator effect.
On the basis that Monday and Tuesday could be boring days in the market... Wednesday should actually be very volatile. Many traders are expecting it to be a sell-the-news event. I disagree and in my opinion, we could see something like this on Wednesday during FOMC.
The reasons why I don't think the Interest Rate cut will be a sell-the-news event and it won't trigger a deeper correction is because: • Price is not breaking ATH in the FOMC week • A cut means liquidity injection into the system and market sentiment is not bullish enough
I'll continue following the ongoing BTC projection. I think it could drop max to $113k-$112k this week. If so, I'll look for new swing longs in $LINK & $XRP (possible entries charted today). And I'll start to TP my BTC long position from $119.2k (liquidations + start of LP).
Thank you for reading me another Sunday❤️ 👉Exclusive free TG: https://t.me/+7UyCTJpAy942ZjU0 • Many altcoin charts will be regularly posted here from this week (extra content)! • PDF crypto investing guide coming soon! • CN Indicator & Portfolio Tracker Tool is now available!
@CrypNuevo Best part of the weekend, let's go ✍️
@follis_ I was gonna wait your comment but you were sooo fast haha ty bro!🥰👊
@CrypNuevo so basically you're saying if this flops we all blame jerome powell and not your confidence right 😭
@CrypNuevo Confidence speaks louder than outcomes.
@CrypNuevo Hi Nuevo, can you check your DM regarding your Blofin Verification group?
@CrypNuevo Can we see weekly ethereum chart from you Love
@CrypNuevo Good thread setup. Positioning into macro events with conviction bags is smart. Which level on BTC are you watching closest into Wednesday?
@CrypNuevo Nice plan, riding highs and locking profit while hunting entries for the dip
@CrypNuevo I was thinking the 17th will be a sell the news event But during the week, I started seeing more and more people calling for the same reaction That made me rethink my stance. We all know what happens when the majority agrees on the same outcome; it always goes the other way
@CrypNuevo As usual, insightful, thanks !
@CrypNuevo Chart shows a strong bullish rally with 170 percent gain
@CrypNuevo Partial profit-taking allows you to lock gains while still riding momentum.
@CrypNuevo fed rate cut wednesday could shift momentum big time 🏦⚡
@CrypNuevo Maintaining conviction through volatility exemplifies trading approach
@CrypNuevo Can you analyse $Linea ser
@CrypNuevo Great as always
@CrypNuevo Great content as always!
@CrypNuevo Solid update, taking partials while keeping conviction is the way.
@CrypNuevo thanks legend, enjoy your week!
@CrypNuevo Amazing reading as usual bro 💪🫶
@CrypNuevo Been waiting all day, LETS GO!
@CrypNuevo So front running the market and pumping hard recent days and you still don't consider a major sell off with majority on long positions? Yea sure
@CrypNuevo Patience is the key, find your trend lines and wait, don’t try to second guess what the market will do on Wednesday, 99% will guess wrong
@CrypNuevo Can you do some charting for moodeng and for popcat you can also choose one that's my request please 🙏
@CrypNuevo interest rates will not get cut
@CrypNuevo entries for xrp and link please???
@CrypNuevo Till 20-25 Sep bullish. then little bit correction for 10-12 days. then full moon mode 🚀