Fundamental change of character
Yesterday's FED decision on rate interests, is a fundamental change of character, since we have moved from restricting liquidity to the start the economical stimuli. Technically this policy change should turn into a bullish scenario.
Nevertheless, the political landscape still is not clear. Until US's elections turmoil is over, we will have more certainty. In the long run, a democratic or republican president should have the same effect. However, in the middle and short terms, the effect would be dramatic. In the republicans win the election, we should see a strong bullish impulse. If the democrats does win the election, then the impulse should be bearish, with a long and difficult recovery to the upside trend. Unless, of course, the democrats correct their anti-crypto policies and politicians.
On the chart:
Purple path marks the general trend, that I expect will become true across 2025.
Orange path marks the bearish trend, that as always a possibility exist.
Happy trading !
Nevertheless, the political landscape still is not clear. Until US's elections turmoil is over, we will have more certainty. In the long run, a democratic or republican president should have the same effect. However, in the middle and short terms, the effect would be dramatic. In the republicans win the election, we should see a strong bullish impulse. If the democrats does win the election, then the impulse should be bearish, with a long and difficult recovery to the upside trend. Unless, of course, the democrats correct their anti-crypto policies and politicians.
On the chart:
Purple path marks the general trend, that I expect will become true across 2025.
Orange path marks the bearish trend, that as always a possibility exist.
Happy trading !
Note
It seems Bitcoin has taken the purple path. After the US election, we may see New ATHs. If new ATH happens, then the re-accumulation Wyckoff pattern will be confirmed. Happy trading ! Do your own research! ;)
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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.
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.