Every time there is Fed Rate Hikes coming I open a long position placing bet on the results ? No.
Betting on the people who are betting on the results, and every time the BTC tends to go up in expectation of positive new, but smart money is out well before the fed speaks. π§΅π
Fed Raised rates on Mar 17, May 5, June 16, July 27, Sept 21, Nov 2 & Dec 14.
Out of 7 we had 5 times when the market went up more then ~5% in speculation. The other 2 times we went up from 2-3%. (Which were sole profits trading at 10x lev)
But 6 out of 7 times we went upππ
Below are the charts of much much you would have made at no leverage if you opened the trade 1 day before the meeting and left 1 hour before the meeting.
March 17, first rate hike of 25 bp +6.89% β¬οΈπ
June 16, 75bp +13.26%β¬οΈπ
July 27, 75bp +12.26%β¬οΈπ
At 10x leverage, these would have been -
+68.9%πΉ +136.2%πΉ +122.6%πΉ +64.3%πΉ +20%πΉ +54.1%πΉ
Instead of betting on the results if it will as expected or not bet on the betters doing that. Make money off speculation of other and get out before the news with your bag π°
Instead of drawing lines, find real life patternsπ
Be the smart money, Next Rate hike in Febπ
This post is based on this twitter thread.