September generally considered as a lower month for crypto. But this time, the bull cycle is not something like before. As we know, Black Rock, micro strategy, loyalty and many other large institutions are on the cryptography market. Other hands, governments also envisage BTC and other major cryptocurrencies such as their strategic reserve. Do you know the big whales / players believed greatly in astrology. Today, we are all witnessing Blood Moon (the eclipses of the Moon). Currently, BTC is negotiated at ~ $ 111,000 and a large crypto analyst provides for a large correction.
On the other hand, in September, we are also looking for a drop in Fed interest rates at least 0.25 bps. As IPC, PPI and unemployment data showing strong signs and there are high probabilities of rate reduction. Analysts predict, he will sell the news event while the market is already at the price and ready for a large correction before the continuation of its fashion trend.
The CEO of Big Tech silently discharges their actions when we heard that the CEO of Microsoft sold 15% of its actions of the company and today the CEO of Nvidia sold its actions. These are the signs that we must keep in mind while trade for the coming days. Things are not as they are looking at. After rate discounts, we know the counties of the blows by recession. There are many other things that go side by side like the war of Ukraine-Russia, the War of Israel-Gaza and many others too.
Bitcoin broke his gold line
The EMA50 for 1 day is generally treated as a gold line by many cryptographic gurus. As it works according to the model. In June, July and August, the market resets the line and rebounds immediately. But now in September, he also broke and retest by reversing the strongest support for resistance now. From now on, EMA50 treats as a strong resistance and it is a clear sign that we go before a large correction, 15% to 25%.
Nothing to fear, it will be a healthy sign for the market if it happens. Because the market was never going in a straight line. Correction is a good sign and gives more resistance and fresh liquidity to the market. But what happens if it is the upper market? While the big players leave the market. Do they know something we don’t know. There will certainly be many news of initiates. But be safe, always used to follow large money. They will never let you down if you follow them.
