 | ***Edit- clarification on time line. This has already started and will go through the next or 6. ****Edit 2 I am not saying down or up, I am saying extremely volatile (e.g. all over the place** Greetings, Raising interest rates is what made 2018 kick-off. When companies can get low interest loans from the fed they buy risky assets ( tech stocks and crypto) For reference: https://thehill.com/policy/finance/408552-fed-raises-rates-for-third-time-in-2018 Then the rate go up they liquidate that investment and pay off loans Tomorrow we should see some crazy volatility with the announcements of the intersts rates. It may go up ( parabolic) if the rates are perceived as good ( I dont think so) https://www.federalreserve.gov/newsevents/calendar.htm On top of that tomorrow, late morning is the beginning of the Options expiry If you learned anything about CAlls and puts from GME and AMC you know that most big players do big options contracts and then influence the price by washing the market ( pump and dump) If you want to know where the price will be at the end of the month you can look where the largest volume strike prices are on options contracts https://www.coinglass.com/options Save this link and scroll down to the strike price. Generally speaking the more money on an options contract strike price means the higher probability of the price being manipulated/ washed into place for hedgies to collect their nuggie$. The bears and bulls will be fighting tomorrow to push the price on btc below 33000 and above 35000 Eth will have a tug o war between 2000 and 2700 I see 2000 winning with the interest rate hikes Options often expire on the last Friday of a month for the monthly. Every 3 months is a big Quarterly expire so 1/27 evening expect crazy price movement, then at 1/28 starting at 2am CST and ending at noon cst it should suddenly end. IF there was a massive dump go long for 1-3 hours at these times. , if it pumps short https://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html_product_calendar_futures.html https://www.marketwatch.com/optionscenter/calendar more info Eth generally has a 100-500 dollar movement after the expiry happens on 1/28 8am utc is the global expiration time Edit short squeeze add on: If the price starts to rise there will be a short squeeze THis happened 2 times in the last 1.5 years. January 2021 and July 2021. IF short start getting liquidated in mass it reflects as massive buying pressure. If the market crashes there will be a long squeeze creating an immense sell pressure ( March 2021 and Sept 7th 2021 Edit: misspellings, options link typos Buckle up kiddies [link] [comments] |
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