Me and many others are quite surprised by the recent pump in the crypto market.
While I always like to see green candle sticks, I ask myself why the heck this is happening exactly now.
The FED meeting will be on November 1st, their core parameters to determine interest hikes yes or no are inflation and job numbers:
Inflation is higher than expected
more people have jobs than expected
So the datas says that the FED could/will be raising interests.
Most investors know about this fact, smart money knows about it,
but why the sudden pump?
A pump and dump scheme from whales to us shrimps? An insider who knows the FED will unexpectedly pivot? Why?!
PS: Be careful out there boys, shorts got liquidated, don't be the bull who gets liquidated, too.
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