1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

mannyrs13

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FTM broke thru this resistance spike in late May and hopefully looking to go higher. Not sure how big of an effect the rate decision will have on it but I think they been steadily growing and making progress. Think it might do another run like that second half of 2021 one since the bottom looked to be around the same zone but more work has been done since then. Think I'll mark the .87 area as the next resistance since there was a small attempt to bounce back in early May but it got denied there. But depends on Fed decision. If things go bad it could go back down and maybe test the .41 line again. If things stay the same it could go sideways a bit but not go below the .52 line, just test it a few times. And if things can go real well then it could go and test that .87 line, and either test it a few times or break thru. Hopefully by end of March it'll have broken thru.




5UYuzLUr
 

JJ Lions

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Don't get too excited, good times aren't here yet.

In 1 hour, 2 pm Eastern new rates are out. They're saying 25bps is priced in, most think it will be that. I see 50bps trending, slight possibility there.
 

mannyrs13

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can you explain this in layman terms
It was .25 increase in rates. As expected. Not seeing a reason to panic. Maybe they'll go .25 next time or zero hopefully.

Here's a perfect example of how rates affect us.



Of course it also affects other stuff like car loans and mortgages and anything else you pay interest on. But it does raise the interest on savings rates. Tho your typical brick and mortar isn't giving you great rates cuz they want to make as much profit as possible. Not the same as investing over the long run.
 

mannyrs13

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I sense that the run may continue or get higher. Looking at USD chart and it keeps getting weaker. This the 4H one and the 1D looks weak also since I think mid November. It recently tested the 100 EMA and it rejected, the orange line. Looks like it did that a few times during this recent downtrend.


O6pPnTqs




Now they always say to zoom out so thats what I have done. Of course this is more for long term but I did the weekly instead of 4H.

Look at that $165 mark back in 85, around when I was born. Then a dip and tried to go back up in about 02 and hit around $121. Recently the spike was around $115. That's if that is the peak on this recent run. The 20 week EMA looks to have made a sharp turn downwards now. Averages haven't crossed but I could see that happening later this year, especially if next rate is .25 or lower. Tho I doubt they stop it next decision. I was listening to Yahoo Finance live on tiktok cuz they had J-Pow talking and he said he didn't expect a stop next time or didn't really mention if one was considered this time. Hopefully inflation goes down at the next release.

I'm optimistic on how things could be looking for us especially thru rest of first half of year.


7SUfXWlu
 

Originalman

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Powell blessed me. DCAed in to crypto yesterday and set up buy orders this morning for my stocks. Homie did the announcement at 2:00 pm EST today and everything jumped.

:salute:Good looking out homie Jerome!
 

Originalman

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It was .25 increase in rates. As expected. Not seeing a reason to panic. Maybe they'll go .25 next time or zero hopefully.

Here's a perfect example of how rates affect us.



Of course it also affects other stuff like car loans and mortgages and anything else you pay interest on. But it does raise the interest on savings rates. Tho your typical brick and mortar isn't giving you great rates cuz they want to make as much profit as possible. Not the same as investing over the long run.


Yep and that squeeze is happening. Almost time to take a trip down to the used car dealer auction in a few months. Them repos should be rolling in pretty soon.

Also seeing these home prices starting to fall or level off in price. Rubbing hands together like bird man for another property. Fed turning all this stuff into a buyers market.

Oh and as you said yep its raised the checking and saving account interest rates. Which is forcing the banks to do a lot of specials for deposits. If folks out there got a nice amount in there emergency funds they don't mind moving they can move the money between opening up accounts and getting bonuses. You got banks throwing out 50 to 250 to customers for them just opening up accounts and direct depositing or depositing anywhere from $2,500 to 25K leave it in there for 2 to 3 months get the bonus and move it out to another account and do it again and again. Made a nice amount of BS change last year doing this.
 

Originalman

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I sense that the run may continue or get higher. Looking at USD chart and it keeps getting weaker. This the 4H one and the 1D looks weak also since I think mid November. It recently tested the 100 EMA and it rejected, the orange line. Looks like it did that a few times during this recent downtrend.


O6pPnTqs




Now they always say to zoom out so thats what I have done. Of course this is more for long term but I did the weekly instead of 4H.

Look at that $165 mark back in 85, around when I was born. Then a dip and tried to go back up in about 02 and hit around $121. Recently the spike was around $115. That's if that is the peak on this recent run. The 20 week EMA looks to have made a sharp turn downwards now. Averages haven't crossed but I could see that happening later this year, especially if next rate is .25 or lower. Tho I doubt they stop it next decision. I was listening to Yahoo Finance live on tiktok cuz they had J-Pow talking and he said he didn't expect a stop next time or didn't really mention if one was considered this time. Hopefully inflation goes down at the next release.

I'm optimistic on how things could be looking for us especially thru rest of first half of year.


7SUfXWlu

Yeah jokers talking about a possible run to 30K then a pull back and then by this summer a run to 40 to 45K. Then sideways and the eventual run back to the ATH as the halving comes in 2024.

Who knows......how this ride will end this year.
 
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