Posts
RE: Is the Crypto Market Bottom in? Hell NO!!
25
@taskmaster4450le
··
0 views
1 min read
Crypto is a risk off trade. Sadly, the risk on/risk off is tied to the Fed. So, while the Fed doesnt truly put any liquidity out there since it doesnt deal in USD, many people buy into that. Hence, while tightening, people view it as liquidity leaving the markets.
I think they will have a tough time getting a hike rate through in Sept. It might sneak through but look for them to reverse course shortly thereafter. This will mean foreshadowing, ie a 3 month window where they say they will start easing again.
I look to prepare for the risk on at the end of the year. It might not hit until Q2 of 2023 but when it does, it will be powerful.
Posted Using LeoFinance Beta
