BlockchainDecoder
The Fed stopping its balance sheet reduction basically means the end of quantitative tightening. But don't get too excited; this doesn't mean the floodgates are opening. They just don't want to trigger a collapse in the financial system.
Honestly, the current macro environment is simply one word—bad. Looking at technical indicators is pointless. Take Ethereum as an example: long positions bought at $1400 and short positions opened at $4800—people are still trapped in these positions. At this point, are you still looking at MACD? Wake up; the market simply doesn't follow the usual patterns.
So
Honestly, the current macro environment is simply one word—bad. Looking at technical indicators is pointless. Take Ethereum as an example: long positions bought at $1400 and short positions opened at $4800—people are still trapped in these positions. At this point, are you still looking at MACD? Wake up; the market simply doesn't follow the usual patterns.
So
ETH-1.69%