Good morning all.

A big day it seems. Lots of speculation happening..  I have three things I think are worth mentioning this morning..

1. Today the Fed will issue guidance for a interest rate hike. Should be out in a couple of hours but generally positive news is expected.
https://www.reuters.com/article/us-global-forex/dollar-mixed-ahead-of-feds-interest-rate-decision-idUSKBN1J902I

2. Some interesting data about Tether and its use to manipulate the price of bitcoin and other cryptos. While this seems credible..I would caution that this needs further peer review. Also of note..this is not the best written paper I have seen from an academic. There are several problems with continuity and syntax I spotted right off. ymmv.
https://poseidon01.ssrn.com/delivery.php?ID=295096073027113073065090119101116107055064063038093061070012082027073102081003117023041124051002057017044101120072087031100027017010070089022088094094112018087082125059006082106028007000092107024030017085025127109107118017000105108013080026065066096093&EXT=pdf

3. I can no longer recommend bitcoin as a buy at this time. While I remain bullish in the long term..short term and mid seem to indicate we are going under 5k. I see nothing on the horizon that indicates a rebound upwards is in the making.
While this is probably what is wanted to drive capitulation..I have to report what I am seeing. I sincerely apologize everyone. Being the bearer of bad news I know intellectually its not my fault but it still feels really bad.

I will show charts..they all show indicators at the bottom...meaning the price should be heading north. But its still dropping as market sentiment is in control of pricing.

1h


4h


D



Yes.  Yes it does Bob. We are all losers today.  Ahh..tfw you are wrong before you finish your first cup of coffee for the day..  

Hmm..might be worth propping up the market just to see this...can we get a time frame infofront?