So today is FOMC day, right? And honestly, it’s a toss-up whether traders will be celebrating or tearing up. The bulls showed up yesterday, pushing BTC over 117k, and if everything goes smoothly, we might see even higher prices. But let's be real, with days like this packed with red folder news, the price often gets into a tricky spot that leaves traders puzzled. Are we looking at new highs or are we sliding down to new lows?
What do you all think about FOMC today?
Huge day for Bitcoin traders
15 replies 469 views
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#2May 15, 2019, 09:52 AM
What I know is that this kind of news is different from bitcoin spot ETF or Trump trade war of imposing tariffs on other countries, this is a kind of news that can make the market increase or fall within just few period of time like 2 days to 3 days.
But according to what I saw online, some people think it will not move the market but I will find that hard to believe. At least I think short term traders that are good will see an opportunity to earn with it.
I'm curious how the interest rate changes and inflation outlook would affect the price. It's definitely something that we need to see if there's a correlation. We all know how it went before, but we will see soon what the decision could be.
In my technical analysis, it seems like we're going to have a sweep below for the liquidity and then continue to rise. It's still volatile, and there's no direction yet in the short-term timeframe.
I was trying to figure out "FOMC", I actually havent heard of this before - Federal Open Market Committee
Ah the penny drops - this is why we have seen a market rise in the last 2 days.
Binance have an article on it>
https://www.binance.com/en/square/post/09-17-2025-fomc-bitcoin-news-fed-third-mandate-may-devalue-dollar-drive-bitcoin-higher-29797933187241
The big ticket item here is "Expanded quantitative easing" which is a Bullish flag for Bitcoin.
So yea the markets are either going full steam ahead with a favourable decision from the fed
or the bubble will be burst.
Something also to consider is "Buy the rumour, sell the news" - this has happened on countless
occasions in the Bitcoin market in the past. Meaning a favourable decision by the fed for Bitcoin
may not transpire into the markets moving immediately up instead the opposite is possible!
We already know he will cut the rates today, as he have shared this in August and at that time market pumped now the question is what other news he can have that can dump the market because I already know he will cut the rates because the PPI and CPI data released in the past few days showed that fed are to cut rates and even Powell said this in a meeting last month.
So why is this a big hype or everyone is creating hype just to make this day more special, there is nothing special bro, nothing bad will happen, and nothing good too because market will remain sideways. If he said something bearish for the next FOMC meeting which will take place in October then I can't say anything but for today everything is either bullish or sideways but not bearish.
BTC went to 117K yesterday because of bullish pressure. That is a good sign that buy demand is still strong. But on fomc day trusting this move fully is risky, because big traders usually push the price into premium zones to trap small traders and confuse them about whether to buy or not.
If Powell ton is hawkish (hinting at higher interest rates) the market could be drop. btc might first spikee up and then dump hard. but if the ton is dovishing (rate cuts or easier lending), btc could break higher then he can get a new record .
In my view btc could reach its peak this week since the recent trend is still bullish and the market structure is upward. But confusing moves are very likely, so it will be riskier for scalpers.
I think there's always hype when the Fed is about to announce what it's going to do with interest rates, even though it's known in advance and is priced in. Although it seems to have been priced in more on the US stock market than on Bitcoin, with the announcement we could indeed see some movement upwards, which we are lacking at the moment.
I dont think anything major will happen. We will get some whipsaws at first but eventually we will close similar to whatever price we were at. This was priced in about a week ago or so during Powells speech. We know that he will cut 25 bps. If he doesn't cut we will dump and if he cuts 50 bps then we will rally hard but on 25 bps, there wont be much action because its already priced in.
Honestly giving how we rallied the last few weeks. This might be a sell the news type of event. Everything thinks he will cut, so they will buy and there will be a massive stock and crypto sell off. Either way it should be an interesting trading day.
Big day and only a couple percentage points moved from the pricing in... and after profit-taking, and the news came as expected... some more selling off..? If this is big, then I pity the traders who have to rely on "smaller" news.
A bit of a letdown or am I just hard to please?
Guess the month of September will definitely show itself to be a very bearish one. From the look of things, there will be a liquidity sweep before the price can push further, but it's not fully confirmed yet we just have to see how the price closes this week to decide where we're headed
FOMC has been a key factor to cause traders overwhelming on what direction they should go as the market may have triggered optimisms.
Op to be corrected, the bull run which is usually market up trend events that occurs in the every 4 years as a spark after halving has long been over headed which reactions has actualized several Aths. But I think you're referring to the correction phase of the market that has been within the price consolidation causing traders skepticism. However, the market has indeed been struggling since the while it dipped to the bottom with lot of resistance level on the price recovering. Few days ago was a breakout to $116,000 and currently is $117,000. Those are basic signals that we're going to ride on the full mode bulk run but I don't know an act time it'll take place. And as market may remain volatile, it can still possible fall below what we've now.
I am not into stocks but heard the Russell 2000 made some pump although the stock market also remained a bit moderate like the news of cutting rates also sold by the stock market last month, when Powell already shared he is going to cut the rates, I was expecting he will say something about the upcoming FOMC meeting that will be either bullish or bearish.
But he did not said anything about that, anyway market is still bullish and today Bitcoin pumped and if it holds its $114k support then we might see it making another all time high in the next month and these 10 days it can go sideways. At the moment we can only see small pumps then one we were expecting will come next month.
Those on short trades will be losing by now already, that is if they never liquidated their money on it, except for those who were able to opt out before things get worse than ever, some are pretty into profits already for holding their investment, while in other cases, some have already be in loss and couldn't afford to make it to an expected performance, which either of these should not cause for FOMO, because we are still waiting for the market to pump more higher than this.
calmfalconSenior Member
Posts: 181 · Reputation: 966
#14May 20, 2019, 08:55 PM
Feds are already turning into our favour as bitcoins are soon to enter the monetary policies so it might be a positive day for us. Bulls are already awaiting any such news where they can start filling their pockets which will eventually drive the prices crazy.
Bitcoins already are on a peak and any such news is just going to trigger the bull cycle. Imagine if we have positive results out of the FOMC, we are going to witness a great price pump and maybe bitcoins might even reach new ATH. We never know that the governments might think so we can never expect the results before the meeting happens but at least we can stay positive hoping good things are about to happen.
Any one actually in a short trade that didnt come out of the trade is most definitely gambling, what I know and do as a trader is when there is a news coming up i usually break even or lock some profits in my winning trade I then go for a tight stop loss in a losing trade because this kind of fundamentals are not for short term trend but rather this is something that could trigger a bull run most especially with the rumor that the next FOMC meeting will still heading into another rate cut, so it is definitely going to cause FOMO in the market and staying in the trade is a serious gamble because it is obviously like youre trading against the trend.
The market will always hunt for liquidity, and there's always one when market makers want to enter the market. In cases like this, things get more volatile. The raid of highs and lows must take place before the proper outcome of the news presents itself on the chart. Bitcoin is on its way to making history, in this case, it's from zero to hero cause world leaders are showing interest for monetary policy to the economie so it's good news for sure.