T7, it may be a bit weak to have waves. If it’s true, on Monday and Tuesday there will be changes, that will be the time to get on the boat to ride the waves back on Wednesday. I will update the situation by the end of today. 👌
Missed the short, don't know when I'll return to shore. Will BTC reach 90k forever?
Laraine Nuner CwGW
·
--
A brief summary of the situation.
Interest rates remain unchanged at 4.25%-4.5%. The Fed still considers the US economy stable because the recent decline in CPI and PPI is a positive signal alongside the unemployment rate at 4.2%, which is still acceptable. There are some concerns about Trump's tariffs. Just like before, the Fed will extend the duration if inflation persists, which is somewhat negative but can be accepted since the Fed has left the door open with the balance sheet. - This balance sheet has saved the market just like before when the Fed helped the market recover due to speculators having more optimistic confidence. It's a good opportunity for short-term trading. - You can understand this balance sheet as having 2 main functions. 1. Injecting money, 2. Withdrawing money from the market. Currently, the Fed is implementing item 2, but through the Chairman's statement, speculators believe the Fed will soon ease policies when he mentions this balance sheet. Although still withdrawing money from the market, it will not be as aggressive as before and may stop completely in the long run. Implementation: the Fed may not reinvest in stocks at maturity or sell them off. The negative aspect is the lack of liquidity in the market. Excess stocks. The positive aspect is stable cash flow. You can temporarily understand that the Fed is still withdrawing money but with decreasing signals, which means it is in a negative state but reducing negativity is a good sign 😁
$BNB is still in the inverse head and shoulders pattern, guys. It's very nice to go up and test the peak around 700-720 as analyzed a few days ago. Determining its right shoulder is quite difficult to be accurate. The area around (574-590) could be its right shoulder on the 1D frame. Therefore, the plan is to watch for a drop when oversold during the day and just buy up. {spot}(BNBUSDT)
$BNB is still in the inverse head and shoulders pattern, guys. It's very nice to go up and test the peak around 700-720 as analyzed a few days ago. Determining its right shoulder is quite difficult to be accurate. The area around (574-590) could be its right shoulder on the 1D frame. Therefore, the plan is to watch for a drop when oversold during the day and just buy up. {spot}(BNBUSDT)
Thursday, March 20, important news is coming regarding the Fed's interest rate decision. It's different from BnB. It's a head and shoulders model. The head is at 108k-109k and the two shoulders are around 91300-91500 with the confirmation bottom at 75000-76600 on the larger timeframe.
Bnb needs to hold steady at 614-616; breaking this level could lead to a drop to 584. The upper threshold must break 649-653 to confirm an upward trend. Currently, on the smaller timeframe, the daily Bnb is close to the overbought area, while the smaller timeframe has already touched it 😁. The long ratio is higher than the short, accounting for nearly 60%.
This week, the waves are running erratically; sometimes they may move before the news, so be careful not to long/short anything.
Thursday, according to the admin, is a day to sit tight and sweep long/short, maybe a bit aggressively. However, the admin thinks Thursday might not be very good. 😁