March 21, 2023 - entry: $27,938 - stop: $29,387 (5.2%) - target: $8,000 - time: 60d
short into consolidation after hopium infused rally
short into consolidation after hopium infused rally
Note
FOMC -1h:So far as expected, first move wrong move.
Crash might also play out on 25bps + 'gonna keep hiking more after this'.
US will keep paying high enough rates to make the USD the most attractive risk-reward fiat CBDC.
Inflation only matters on a relative basis vs. other fiats
Trade closed: target reached
TP-exit at $27,500 as planned after .382 retracement crossed without having breached 26k
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.