cryptocurrency scarface
He's actually a poster here...
cryptocurrency scarface
can you explain this in layman termsDon'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.
It was .25 increase in rates. As expected. Not seeing a reason to panic. Maybe they'll go .25 next time or zero hopefully.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.
You know whats funny just seen a post from wall street bets about the bears gonna get beat at 2:30 and i was like... now im like so that's what he meant.
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.
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.