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Market Awaits Big Data This Week - Bitcoin and FOMC

To elude a storm, you can either sail into it, or around it. But you must never await its coming. MasterofShips

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Investors await big tech earnings and key economic data this week. BTC Crypto FED

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More on what's to come in πŸ‘‡πŸ§΅

Current Mkt dynamics:

(1) Volatility is at "All Time Lows" since mid-September. ☠️ (2) When QQE is grey, best to stay away! 🏴 (3) Bond yields hovering around highs of 2007 / 2008. πŸŒͺ️

Bitcoin @tradingview

TradingView ChartTradingView Chart

Market is currently pricing in:

(1) 75 bp rate hike in Nov ~ 95% probability (2) 50 bp rate hike in Dec ~ 53% probability*

By all means, this is still not good news!

*May prove enough for a relief rally trigger in the coming days.

We still need to wait to throw LT Longs!

What happens next will depend on the key economic data this week and our Legend Powell's reaction to it on the upcoming FOMC on 2nd November.

Key elements to remember: (1) Inflation is still not under control,

(2) Labor market still shows no sign of cooling off.

In the meanwhile, stay calm and stay safe. 🦺

Trading is high risk during these tricky days. ⚑️

If you still don't want to miss out, like we do at @Rabta_X πŸ˜‡trade with tight SLs in place and follow us for Sniper signals!

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Treat your FOMO /w @Rabta_X or πŸ”œπŸͺ¦

This post is based on this twitter thread.

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