Craig Jaffa
@CraigJaffa
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So, wen 🍌 ? 1) After the labour market weakens and the FED is forced to cut, and then eventually stops cutting. Or 2) If everything holds steady and we start seeing ISM PMIs ticking up. So keep an eye on jobs data and those PMIs, then you have a banana 🐵
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Lol, this guy thinks we’re in the same environment as 2021 post covid liquidity injections 😂🤦🏻♂️
This is one of the most important things you need to understand about this cycle. Everyone is looking for clues in the wrong place. You cannot just look at Bitcoin pice action and make an overall decision about the cycle. There are far greater foundational moves at play that
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Secondly, historically, risk assets suffer during rate cuts. Why? Because cutting rates means the economy is in trouble and needs support. Since markets forward-price lower earnings etc, we go down... Only when cuts STOP and the FED deems enough support has been given, then up.
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Firstly, the FED's mandate is 2% inflation and maximum employment. Inflation is above target and the labour market hasn't yet broken. Last FOMC meeting, the FED addressed this and signalled a slower pace of rate cuts. (Yes, they're ending QT, but that mean the start of QE.)
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So many people in crypto think liquidity is coming to the rescue, but they don't understand two things:
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$BTC Bitcoin Has Officially Lost the 50W MA for the 4th Time in History Even though Bitcoin has broken down, it’s now much closer to a bottom than a top. I’m expecting a bottom soon, likely near the CME gap
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Trump & Bibi’s peace proposal is backed by Saudi Arabia, Qatar, Egypt, UAE and Jordan. When Hamas rejects it, they will bear sole responsibility for the consequences. Game over.
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This kind of bullish structure ahead of key levels in $ETH is what we need to breakout into the #BananaZone ...@RaoulGMI, here comes the answer to "wen 🍌 ?"
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$ETH looks ready to rip... We tested outside the value area of last month's volume profile and found buyers. This daily bull flag coming into play should give enough pressure to break through and form fresh ATHs.
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Levels to watch in $Sui... Bullish - Above $3.60 - Target $4.00 Bearish - Below $3.17 - Target $2.80
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$ETH back above $3600, building structure for the upside. If back below $3600—$3550, then we may have a problem.
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