![[SERIOUS] This week will have guaranteed high volatility](https://b.thumbs.redditmedia.com/_cm5Bq4QxNC2zvFRqNQKauwRvmwn_6VpoVc3OsJWxrQ.jpg "[SERIOUS] This week will have guaranteed high volatility") | Tired of the crabbing and low volatility? Well that will change drastically this week.While today it might already start with traders & investors performing trades ahead it will guaranteed get crazy the next days with partly 5-10% volatility within minutes. CPI data tomorrow ( in ~29h ) 8:30am ESTCPI data release will 100% hit ON THE SECOND it's coming out the entire markets with heavy volatility. I know it sounds crazy but that's how huge the impact currently is. Here is some on chart data from the last release days: last release made BTC jump +5.87% in one hour saving us from potentially below $15,000 october it even jumped between 4-5% up and down and september it just dumped over -13.8% in a single day ... FOMC meeting ( in 2 days 10h ) 2:00pm ESTFOMC meeting will release the interest rate hike decision of the Federal Open Market Committee ( FOMC ) The current market priced in chances for a 74.7% for a 50 BPS hike | 25.3% for a 75 BPS hike.You can almost guaranteed expect a dump if they go for a 75 BPS hike. A more estimated hike of 50 BPS could result into a more positive sentiment but it all depends on the further information released on the day. Again, expect high volatility. last meeting BTC jumped up and down in a 3.6% range within hours September release was a bit crazier with an over 9% jump up & down Rumors about a settlement between XRP & SEC on the 15th December For those that missed the topic this court case has been going on sinc 2020. The SEC filed a lawsuit against Ripple In December 2020, arguing that XRP was an unlicensed security. The outcome of this lawsuit could have a massive impact on crypto ( especially XRP obviously ) It's a lot to get into so I highly recommend checking out latest news if you are interested. TL;DR:It is safe to say that this week will have a massive impact on crypto with multiple important economic data releases & the XRP case. If you are actively trading I highly recommend to stay away from high leverage unless you really know what you are doing. The volatility is always liquidating positions left & right. Stop-Losses won't protect you on sudden spike & plunges because they wil most likely not fill. The outcome of this week can easily push crypto back on track for an end of year rally towards $20,000 but also put a lot of selling pressure back towards $15,000 range. Even if the outcome balances out perfectly and results into a more neutral outcome it will still have huge volatility in both directions. [SERIOUS] Flair - feel free to have discussions and let me know your thoughts or maybe moves for this week! [link] [comments] |
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