Market Update and Heads Up - November 2, 2022
It has nothing to do with the Fed
Big day for US interest rates! When you get a chance, watch this update, which covers the following topics:
Engagement is a lagging indicator
The US dollar breaks its parabolic ascent
If the end is near, here’s my expectation for how it ends
Altcoin market and altcoin review
Some people are calling for a massive crash or a moonshot blast-off at any moment.
I’m still expecting prices to go up and down within a fairly wide range for a while longer, e.g., up to $25k, down to $18k, and anywhere in between. Same story I’ve told since August, it will look something like this:
Big swings in absolute terms, but not significant for the crypto market. When you look back at a chart in a few months, it will look mostly like sideways squiggles—and then it will end the way I describe in this update.
Here’s the 26-minute video. Get the TL;DW below.