Neil Spiteri-Lewis @Pelagos76: "What Mr Wall Street says: https://x.com/mrofwallstreet/status/1968359184807891121?s=46&t=URonNTf-L76j5-HxkE9KBA “..."

Neil Spiteri-Lewis shared a post via Neil Spiteri-Lewis

United Kingdom

What Mr Wall Street says: https://x.com/mrofwallstreet/status/1968359184807891121?s=46&t=URonNTf-L76j5-HxkE9KBA “ Today #FOMC - Everything You Need To Know Today the Fed will cut rates by 25bps. This move should not bring volatility, as it has already been priced in over the last few weeks, along with an additional 50bps rate cuts in the October and December FOMCs. What’s not priced in yet and is very important to understand, is Jerome Powell turning even more dovish and leaving the door open for 100-150bps rate cuts in Q4. Just a week ago, we received the worst labor market data in history. That trend will continue unless the Fed intervenes aggressively. Many are still ignoring this reality, but it is becoming harder to dismiss. If in today’s speech Powell shows concern about inflation and takes a more hawkish stance, we will see a short-term dump before continuation higher. In this case, we see Option 2) from my latest analysis playing out, where Bitcoin sweeps the lows at 107k to reverse current downtrend, prints bullish divergence with RSI, and only after that it pushes towards 140-150k. If instead, in today’s speech Powell acknowledges the weakness in the labor market and hints at deeper cuts ahead, then we will see another massive leg up starting from current levels. In this case, we see Option 1) from my latest analysis playing out, where the reversal already happened pre FOMC and we will continue higher straight towards 140-150k. As of now doesn’t seem reasonable to me to bet on what stance will Powell take, and therefore I am covering both scenarios by being prepared for any of them. I am still holding my longs from 107-108k where we bottomed and I will not close regardless of whats the Powell stance. I am prepared to add more size to my longs in case Powell gets hawkish and we see Option 2) playing out. In case Powell gets even more dovish due to labor market, I will just continue holding my longs until we reach a local top, or cycle top to take profits.” $BTC $SOL $TSLA (Tesla Motors, Inc.) $NVDA (NVIDIA Corporation) $ETH

Neil Spiteri-Lewis

United Kingdom

Copier Update Fed rate cut expected today at 6pm UK time. 0.25% the likely decision. Already priced in. All eyes or should I say ears will be on Jerome Powell’s words. As always, expect volatility, though unlikely to be much either way. If September is good and so far it is… okay… the rest of the year should… should be 🚀🚀🚀 $BTC $SOL $TSLA (Tesla Motors, Inc.) $NVDA (NVIDIA Corporation) $ETH

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