Davida33:
Fed raises interest rates by 0.75%

how does it affect the market?

Kingsteve:


Ok, firstly...on Wednesday the 27th, the Fed is expected to increase interest rate by 75BP (Base points) or thereabouts.

Now, this can be quite tricky in the sense that, if the rates are increased by exactly 75BP or less, it won't really have a negative impact on the crypto markets, because it is already expected to be so.

On the other hand, if it's more than 75BP, then the selloff could be quite noticeable, but not monumental.

From my point of view and analysis of both TA and FA, I still don't think there would be a drastic drop in BTC price, regardless of whatever the interest rate is increased by.

Now, from a TA point of view...looking at the BTC chart below, a higher support seems to have formed at 21.9k, even though there are key support areas below, which could be pivotal in the week, after or before the interest rate is increased.

The key support areas to note are: 21.9k, 21.5k, 20.8k and 20.4k
If these supports fail to hold incase of a selloff (which I strongly doubt), then we could be looking at a lower support of 20k and 19.6k.

The simple moving average (SMA) is finally below BTC price, which signifies that an uptrend is about to form.

Also the exponential moving average (EMA) is slightly above the BTC price, but will soon fall below it, to confirm an uptrend just like the SMA.

But when you switch to the D1 timeframe, both EMA and SMA are already below BTC price which signifies an uptrend.


My verdict: Just like I've maintained for the past weeks, I see BTC continuing with its bull run, regardless of whatever the Fed decides.

The bulls are gradually staging a comeback!
If by the end of the week, the support at 23.3k or thereabouts holds, expect more bullish runs in the upper week ahead.

Stay tuned...

And just like I analysed, the Fed hiked interest rate by exactly 75BP

And just like I predicted, the bulls are taking over again after the rate hike!
Abeg, make una give me some rounds of applause!

Sorry to all those expecting BTC to drop to 14k.
For now, that will only happen in your dreams!

A Sound TA never disappoints!
Know this and know peace!

Pls can I send bnb of 1 dollar to my trust wallet

Kingsteve:


And just like I analysed, the Fed hiked interest rate by exactly 75BP

And just like I predicted, the bulls are taking over again after the rate hike!
Abeg, make una give me some rounds of applause!

Sorry to all those expecting BTC to drop to 14k.
For now, that will only happen in your dreams!

A Sound TA never disappoints!
Know this and know peace!

Should I cancel my sell orders like this?
Make greediness no kill me o
Can I trust your analysis?

Seankhalifa:
Pls can I send bnb of 1 dollar to my trust wallet

from my binance

Kingsteve:


And just like I analysed, the Fed hiked interest rate by exactly 75BP

And just like I predicted, the bulls are taking over again after the rate hike!
Abeg, make una give me some rounds of applause!

Sorry to all those expecting BTC to drop to 14k.
For now, that will only happen in your dreams!

A Sound TA never disappoints!
Know this and know peace!

Should we start buying?

Iamyemmie:

Should I cancel my sell orders like this?
Make greediness no kill me o
Can I trust your analysis?

Better do so, cos the bulls would eat your short positions as grass!

DenreleDave:


Should we start buying?

Open long positions at available supports.
Better still...wait till tomorrow, and see how the market reacts to today's news before going long.

Kingsteve:


And just like I analysed, the Fed hiked interest rate by exactly 75BP

And just like I predicted, the bulls are taking over again after the rate hike!
Abeg, make una give me some rounds of applause!

Sorry to all those expecting BTC to drop to 14k.
For now, that will only happen in your dreams!

A Sound TA never disappoints!
Know this and know peace!

Your analysis, TA and news update is good I must say.
I noticed the market was slow and ranging between 21000 and 21250 until the Fed's announcement then it began moving, unfortunately I caught a nice position earlier but exited due to fear of a massive selloff, now I have to go in at a higher price.

Iamyemmie:

Should I cancel my sell orders like this?
Make greediness no kill me o
Can I trust your analysis?

Follow some people's advice here like ilegend, check his post he warned about exiting any should around this period, the market will be in massive uptrend from n0w

Kingsteve:


And just like I analysed, the Fed hiked interest rate by exactly 75BP

And just like I predicted, the bulls are taking over again after the rate hike!
Abeg, make una give me some rounds of applause!

Sorry to all those expecting BTC to drop to 14k.
For now, that will only happen in your dreams!

A Sound TA never disappoints!
Know this and know peace!

Try ur best to quit using "just like I analysed", just like i predicted, just like 'i' this and that...

It kills all ur points. I most times stop reading after those lines.
Taking this correction would portray u maturely and better anywhere u speak.

nothing more painful than missed opportunities

DaemoLee:


Try ur best to quit using "just like I analysed", just like i predicted, just like 'i' this and that...

It kills all ur points. I most times stop reading after those lines.
Taking this correction would portray u maturely and better anywhere u speak.

I'll try

E-naira in the mud

Lucremoy:
nothing more painful than missed opportunities

There is always another opportunity the market is always there
Remember: trade with caution

Don't follow my prediction...
If you get mind you fit try risk am.

Kingsteve,
Goldbw122

From emperorbtc on twitter:
IMPORTANT.

Get Capital to trade.

If you're a good trader and believe you can get more funds to trade, We will fund you.

Apply Here and get your trading account funded.

PLEASE SHARE.

Link- https://twitter.com/EmperorBTC/status/1552308391846215680?s=20&t=-yFVr1pVa42mpPgwqaAI_w

So by December with the way things are going, 1 million USD will become 1 billion naira.

It's disturbing

Kingsteve:


And just like I analysed, the Fed hiked interest rate by exactly 75BP

And just like I predicted, the bulls are taking over again after the rate hike!
Abeg, make una give me some rounds of applause!

Sorry to all those expecting BTC to drop to 14k.
For now, that will only happen in your dreams!

A Sound TA never disappoints!
Know this and know peace!

Quite impressive.

Davida33:
Fed raises interest rates by 0.75%

Please explain how it affects the crypto market...Is it positive or negative

Positive.

Watch out for CPI report tomorrow.

Tinneh:

Please explain how it affects the crypto market...Is it positive or negative

We are still balling with our accurate Trade signal.

We offer one free trade signal daily and you are sure if making substantial gain from our calls.

Slide into my DM for more details

Miracle112:
Abeg Wetin d happen in binance P2p?

Mehn I was not with my phone today, so dollar hit 720?...

You people are talking of 730 on binance, come to mexc, it's 750 here. I couldn't help but waao! Who taught Emefiele monetary policies must be crazy.

Florasilver:


Quite impressive.

Thanks!

Davida33:
Futures don send me to village

Na your leverage naim send you qo village...

Kingsteve:

Haha...
Eat your words.

Don't mind them. They just can't wait for it to happen. I like the way you are objective, riding on TA and nothing else.
More grease, boss. Looking forward to more calls

Coward! You're here again to show face after your last Failed Axs abi nonsense stuff you posted. If you forget, we keep record here. Can you people just shut up for once and let's know whose head is correct on this space. Nonsense and ingredients.

MyCar4sale:
We are still balling with our accurate Trade signal.

We offer one free trade signal daily and you are sure if making substantial gain from our calls.

Slide into my DM for more details

Kudos Baba!

Kingsteve:


And just like I analysed, the Fed hiked interest rate by exactly 75BP

And just like I predicted, the bulls are taking over again after the rate hike!
Abeg, make una give me some rounds of applause!

Sorry to all those expecting BTC to drop to 14k.
For now, that will only happen in your dreams!

A Sound TA never disappoints!
Know this and know peace!

Lucremoy:
nothing more painful than missed opportunities

Losing your hard earned money to perceived opportunity is more painful.

You don't come online and throw insults on people. Respect is key in every conversation.

The trade you were even talking about that didn't go well was the same day that the whole market crash a bit cos of Elon Musk news so always get your facts right.

Learn to use your word the right way cos when it is spilled out, it is difficult to retract.

I come in PEACE

Omobola121:
Coward! You're here again to show face after your last Failed Axs abi nonsense stuff you posted. If you forget, we keep record here. Can you people just shut up for once and let's know whose head is correct on this space. Nonsense and ingredients.

You don't come online to show one screenshot because you were lucky with such trade always "saying people to join your group".

Since that day, did you post any other trades? Or did you even put any post here at all? Just yesterday evening that all coins went up because of the results that came out, you rushed down here again. I deliberately keep an eyes on you.

If you want respect, you respect yourself first. You can't be misleading newbies here only on green day's by posting one screenshot.

Respect your trades and respect yourself.

MyCar4sale:
You don't come online and throw insults on people. Respect is key in every conversation.

The trade you were even talking about that didn't go well was the same day that the whole market crash a bit cos of Elon Musk news so always get your facts right.

Learn to use your word the right way cos when it is spilled out, it is difficult to retract.

I come in PEACE