#1 Weekly Crypto Digest & Signals

Disclaimer

This is the very first weekly digest for cryptos and related financial news. The news this digest covers comes from the investor's point of view and what an investor can expect from the market in the upcoming week. This digest is not an archive of news from the last week but an analysis of news and the outcomes that the news can bring in the coming week. I do not intend to give any investing advice, but I plan to make you a known investor. No chart analysis, no cumbersome patterns or indicators, only words - enough to land you a put/call.

All the information presented here is the analysis of many news articles, signals, tweets, and market analysis.

Index

• Bitcoin & Upcoming Moves
• FED cuts and their implications - layman
• Tip of the week

Bitcoin & Upcoming Moves

Expect less when they say high. September month and especially the last week saw a rebound from the critical price point. We broke up from a $60k target and are now in a comfortable 62-63,000 channel. We tried to hit up again but were unable to break the $65k. Sell the news, that's what is going on in the market right now. People are bullish everywhere on the internet, they feel September is the last month of this bearish consolidation and BTC will make a huge move in October. Trump had lunch while paying up the bills in BTC, this triggered a little pump in the market but still not enough.

What to expect?

Keep your hands away from the market for this coming week. BTC may seem bullish till the end of this month but expect a gentle downfall to 57-58K in the first week of October. When people go all crazy on the first day of October, whales are ready to book their profit and the price will go down. Does this mean to do a short? No, the market will be choppy unless you are a big gun, don't go running in the middle of the battlefield.

• Small margin, high leverage guys keep your excitement calm. Believe me, you are dodging a bullet by not entering in the future market at the end of this month.
• Spot guys wait for the downfall in the next 1 or 2 weeks to get a perfect entry.
• BTC will seem to rise to 67k and has a good potential to crash hard in the first or second week of October.

FED Cuts

FED cuts 50 points making the loan cheaper and allowing a fresh flow of money in the market. It is good news for the stock market and crypto market. Third-world countries will enjoy the most, and FDI/FPI is on its way. Since interest(rates that are applied to you when you or any institution takes a loan) rates are falling, loans will become attractive. People will take loans and most of them will invest either in the stock market or the crypto market to print themselves easy money. First such cut since COVID-19, and it has the potential to drive BTC to the $ 130K mark within 12 months.

Still, it will depend on how the events take place as we have some tensions growing up in the Middle East. Also, US elections are scheduled for November. Let's wish for the good days/months and you will see your wallet growing.

Tip of the week

Be aware of fakeouts and sell the news events. Things will look bullish and all good, but don't let it blind you. It's easy to lose the money this new season.

Suggestions

As this is a fresh initiative, I expect suggestions to make weekly digest more comprehensive and enjoying for you. Drop your comments.

Posted Using InLeo Alpha