Trade #17 Short

March 21, 2023 - entry: $27,938 - stop: $29,387 (5.2%) - target: $8,000 - time: 60d
short into consolidation after hopium infused rally

Comment:

FOMC -1h:
So far as expected, first move wrong move.

Crash might also play out on 25bps + 'gonna keep hiking more after this'.

US will keep paying high enough rates to make the USD the most attractive risk-reward fiat CBDC.

Inflation only matters on a relative basis vs. other fiats

Trade closed: target reached:

TP-exit at $27,500 as planned after .382 retracement crossed without having breached 26k