1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
I was gonna say…you think we are getting a rate cut this month?? I always assumed no more than 25 basis points if it is happeningNothing.. but next Wednesday we have PPI, the inflation data that came in hot last month (expected: 0.2%; actual: 0.9%) and likely killed our chances of a 50-bps rate cut.
Koichos
All Star
Oh we’re getting a rate cut, just not 50 basis points.
Koichos
All Star
FedWatch has rate cuts at 99.7% 
FedWatch has rate cuts at 99.7%
In The Zone '98
Superstar
this is purely a grift for them, but I’m totally riding the wave
They will leave a lot of ppl assed out
UltimateHustler
Pro
You going long on BTC/ETH tonight?FedWatch has rate cuts at 99.7%
How are you planning on playing the jobs report?
A lot of people in This thread will be stinking rich in five years. Bookmark it.
In The Zone '98
Superstar
If im not here. Remember I TOLD YOU SO!!!!
Koichos
All Star
I’m eyeing PPI/CPI next Wednesday/Thursday for my first play of the month, but I typically trade the momentum of data release days as it’s happening - 8:30am EST sharp.
If the numbers are good, short the pump (after a *stopping-volume candle, marking the high for the week)
If the numbers come in hot, long the flush (after a *stopping-volume candle, marking the low for the week)
*A vector candle whose wick is longer than its body, indicating reversal - see Trader’s Reality Main indicator on TradingView
Market maker often uses Friday morning data to trap longs (data is good) or shorts (data is hot) with explosive volume to entice traders to jump in, only for price to reverse.
Take a look at what happened during last Friday’s Core PCE release:
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