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BESOMEBODYFX
CRYPTO GLOBAL MACRO Q4 2024
even more bULLISH IT IS. HERE’S WHAT YOU NEED TO KNOW…
The macro environment for risk assets is in a sweet spot.
FED easing, PBoC easing and pumping liquidity, global growth still ok, everything yelling you should be long BTC, we are#bitcoin #btc #btcusd
— BeSomebodyFX (@BeSomebodyFX) September 24, 2024
The Fed is cutting rates into a pretty OK economy.
That’s bullish!
China is stimulating.
That’s bullish!
And infact, we are still long and bullish crypto as highlighted in the previous macro update.
Q4 is set to be quite bullish, I think.
Regardless of the election outcome.
I mean, sure… expect some volatility into the election.
But what matters most is that financial conditions are now easing and global liquidity as a result keeps going up:
Also China about a week ago has unveiled a massive stimulus program which will further spur global liquidity.
This is BULLISH for risk assets!
Sure, a recession can kick off at any moment.
But right now there’s NO recession and forward looking economic indicators are NOT flashing too red, yet.
We can’t trade a recession if there’s no recession.
Makes sense?
Yes, but hey…
If the data will suggest that, adapt accoridngly.
Be ready to hedge when (and if) necessary.
But in the meantime…
Long only.
Also…
The start of Q4 is the turnover from the bearish September seasonals (which didn’t do much this year) into bullish October:
And continuation in November and December…
With that said…
That’s the way to go right now.
We are long and bullish with the Private Network.
80k in Q4 is achievable.
Sounds about right 😉
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