BTCOIN rally destroyed by FED
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Hey tradomaniacs,
yesterdays FED-Statement dissapointed the Market since it priced in a step back by the FED with a possible statement about lowering upcoming rate-hikes aswell as the speed by Jerome Powell to fight inflation .
The worse the economy gets the more pressure is on Powell & Co to re-allocate the current circumstances.
However, Jerome was clearly Hawkish and has made clear its not time yet to think about it... This could cause a mid-term sell-off as the next steps will be discussed in December. YIELDS and so the US-Dollar pumped hard cuasing more risk-off in the market.
Technically we have a good short opportunity here.
What do you think?
