The FED Meeting Could Change EVERYTHING (Soon)!! Bitcoin News Today & Ethereum Price Prediction!

The FED Meeting Could Change EVERYTHING (Soon)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
FED MEETING TODAY!! 0:00
Bitcoin ETF News Today! 3:54
Important Bitcoin Analysis! 5:29
Ethereum Technical Analysis! 13:34
Solana Technical Analysis! 16:27

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– Crypto World –

Welcome back to the Goodall Channel everyone my name is Josh and all right now Bitcoin is playing out this new signal on the chart and in just a couple of hours from now we have the next fed meeting which could heavily affect the market in the short term and on top of

That Bitcoin is also now playing out this new pattern while rejecting from critical short-term resistance but is now about to run into critical short-term support as the liquidation heat map is revealing new price targets that we need to pay attention to and on top of that ethereum is still

Potentially repeating history but is now flashing a new warning signal so I’ll be talking about all of that and so much more later in the video so definitely watch to the end first of all we need to talk about the upcoming fomc meeting also known as

A Fed meeting which is happening in just a few hours from now in fact we’ll get the FED interest rate decision at exactly 700 p.m. in the GMT time zone today and if you’re wondering what that time is in your current time zone simply look up on Google what the GMT time is

Right now and you can work it out that way but basically it’s happening in just a few hours from now and I will be covering it in real time over on my Twitter so if you want those realtime updates throughout the day then make sure to follow me over on my Twitter

Link Down Below in the description and in the pinned comment and I covered all of this in more detail in my last video here on the channel so if you missed that video definitely watch that video within the next few hours but just giving you a quick recap of what’s

Happening Here and what we should be expecting first of all right now the FED funds rate is sitting at 5.5% on the high end and the majority of the market is expecting 5.5% which means no change in interest rates and if we’re taking a look at what the Futures Market is

Currently pricing in once again right now the FED funds rate is sitting at 5.5% on the high end which is 550 basis points and as of right now around 98% of the market is pricing in for no change in interest rates and around 2% of the market is expecting an interest rate cut

By 25 basis points so reducing interest rates by 0.25% % and so basically if we see no change in interest rates that should be very neutral for Market we shouldn’t really see any major move based on that outcome because once again that is the outcome that basically everyone is already expecting and

Pricing into the market so if we get no change in interest rates because everyone is already expecting it we shouldn’t really see anything too major in the markets but if we end up seeing another outcome like for example that interest rate cut or somehow an interest

Rate hike then that is where we could see a lot more volatility and basically the lower interest rates are the more bullish that should be and the higher interest rates are the more bearish that should be and so basically if we somehow see an interest rate hike which means

Raising interest rates which by the way pretty much no one is expecting but if we somehow see the FED raise interest rates today then we’ll likely see a dump across the markets but on the other hand if we see that interest rate cut so if the Federal Reserve decides to reduce

Interest rates today then we’ll likely see a pump across the markets and now even if we see this neutral outcome which which is no change in interest rates if that happens once again as soon as that decision comes out at 700 p.m. in the GMT time zone once again that

Should be neutral for the market but roughly around half an hour after we get that rate decision there is the Jerome power press conference where Jerome power basically the boss of the Federal Reserve speaks on potential future Fed rate Cuts or rate hikes and basically depending on what Drome power says in

That press conference happening around half an hour after we get the rate decision of course that can affect the market just in the short term because the market can be pricing in for different things based on what Jerome pal says in the press conference and once again I’ll be covering all of that

In real time over on my Twitter so as soon as the new numbers get released as soon as the interest rate decision gets released I’ll be sure to tweet that out in real time and if anything major happens in that press conference whether it’s bullish or bearish I’ll be sharing

That in real time over on my Twitter once again links down below this video and taking a look at some Bitcoin ETF news today just over the last one day just yesterday Grace gal sent another approximately 6,200 Bitcoin worth around $270 million over towards coinbase to

Dump on the market but as I’ve been talking about over the last few days even though grayscale is still dumping Bitcoin every weekday of course the amount that they are actually dumping is reducing because for example just last week they were dumping closer towards 15 to 20,000 Bitcoin each day and then just

One to two days ago they were dumping around 10,000 each day and right now only around 6,000 over the last one day and so of course if these outflows slow down that means less selling pressure from gry scal and obviously less selling pressure is good news for Bitcoin that

Is bullish for Bitcoin if we’re seeing less selling pressure and as of right now grayscale is now holding just underneath 500,000 Bitcoin still worth over 21 billion us and so obviously they still hold a lot of Bitcoin but either way once again the outflows the daily outflows each weekday at least over the

Last few days days have indeed been slowing down compared to previously and at the time of recording this video we have not yet seen the newly updated numbers from Black Rock so of course these numbers are still the same numbers as what we saw yesterday and so at least

For now once again at the time of recording this video we do not yet know the exact amount of Bitcoin that black rock bought over the last one day but as always when the new information gets released of course I’ll be sharing that over on my Twitter when we actually know

Exactly how much Black Rock bought or perhaps sold over the last one day but anyway getting into some Bitcoin charts today looking at the daily Bitcoin chart and at least as of right now the bearish Divergence on The Daily time frame is technically still active because we have not yet confirmed any invalidation

Signals here in the price or in the RSI and those invalidation signals would be for example some higher lows or higher highs in the price or the RSI or if we simply see a confirmed breakout Above This descending line of resistance in the daily Bitcoin RSI that can also act

As an invalidation signal for the bearish Divergence invalidating the bearish Divergence and so once again at least for now while the RSI is still trading below this descending line of resistance of course at least for now the bearish Divergence is still currently active which means we should not necessarily flip overly bullish

Again at least in the short term but if we’re taking a look at the daily Bitcoin macd as I’ve said over the last half a week or so of course this has now flipped more bullish showing some bullish momentum at least in the short term and so simply based on the macd

This is telling us that we’re seeing a slight bullish recovery but not looking overly bullish we’re not seeing a massive amount of bullish momentum and once again I would start to flip much more bullish again if we see a breakout here in the RSI to invalidate the bearish Divergence and as for these

Areas of support on The Daily time frame these have not changed over the last one day so if you want to know more about those then check out my last few videos here on the channel and something similar can be said about the dxy also known as the US dollar Index which is

Still currently trading sideways pretty much and so at least for now this is not really having much of an effect on the price of Bitcoin while it is currently trading sideways and so if we’re zooming into the short term looking at the 2hour Bitcoin chart what we can now see is

This short-term bearish Divergence now playing out which I did talk about in my last video and so obviously since my last video which I recorded right around here when the Press was running into this critical resistance obviously we have seen a little bit of a short-term

Pullback which is one of the most likely outcomes from a bearish Divergence but of course we still have this area of support which is sitting in between around 41.7k to 42.2k and so of course we could still bounce around that area of support and in that case for as long as we’re

Holding above that area of support above these previous lows technically this short-term bullish Trend here this short-term bullish recovery could still continue for as long as we bounce at this area of support and do not break below it and if we do end up bouncing at

That area of support or even above that area of support then I would expect the price to come back up towards this resistance which once again is sitting in between around 43.3k to 43.6k approximately and at that point I’d flip much more bullish again if we first see a confirmed breakout back

Above This resistance which as of right now obviously has not happened and so at least in the immediate short term once again we should be expecting a little bit more of a break from that bullish relief from that short-term bullish Trend in the form of either some slight

Bearish price action or some choppy sideways price action as the most likely scenarios in the short term and that is simply due to the fact that the bearish Divergence is playing out at the same time as the price rejecting from Key resistance but once again if we do

Continue a little bit lower then we should expect support in that price range that I just mentioned earlier and if we end up confirming a higher low in the price of Bitcoin above these previous lows then we could end up playing out a hidden bullish Divergence

Because if we have higher lows in the price and lower lows in the RSI of course that’s a hidden bullish Divergence and we have already confirmed the lower low in the RSI and so all we need to see now is some sort of decent Bounce from that area of support in

Order to confirm that hidden bullish Divergence which is a bullish Trend continuation pattern but once again right now we are not there just yet we’re still currently playing out this bearish Divergence at least in the imminent shortterm and as I’ve been saying since all the way back around

Here while the price of Bitcoin is in between this area of support and this area of resistance we’re looking relatively neutral at least in the short term and so once again I would only start to flip much more bullish again if we see a confirmed breakout Above This

Resistance and of course if we break back below these previous lows so break back below this area of support obviously that would be a short-term bearish signal and just before talking about some important price targets for Bitcoin in that scenario of course if you want to trade these moves in the

Price of Bitcoin whether we’re bullish or bearish personally I take those trades over on buybit so I’ll make sure to leave a link to buybit in the description down below and in the pinned comments and if you use that link to make a buybit account and deposit on

That account you can get up to a $30,000 deposit bonus but only if you use that link down below this video but for whatever reason if you cannot access bybit or if you cannot kyc on bybit there is also bitflex which is another crypto exchange similar to bybit but you

Don’t need kyc for bitflex and so I will also make sure to leave a link to bitflex in the description down below and in the pinned comment and if you use that link to make a bitflex account and deposit $100 worth of crypto and make one trade over on bitflex then you can

Get 10 USD completely for free along with other new deposit bonuses and so if you’re trading crypto anyway or if you’re preparing to take the next trade you might as well get set up ready to go on one of those exchanges using those links down below this video If you want

To get those extra bonuses and if we’re taking a quick look at that 8 Hour Bitcoin chart right now the price of Bitcoin is playing out this signal that I mentioned in my last video because as I said yesterday The 8 Hour Bitcoin RSI and also the RSI on smaller time frames

Is basically getting very close if not enter ing into overbought territories and now here on the 8h hour time frame we did not fully go into overbought territories but we got very close to overbought territories and on smaller time frames of course we did enter into overbo territories for the price of

Bitcoin and as you can see here when the RSI enters into overboard territories that basically means at least in the short term we have limited room to the upside and so we should be expecting some sort of short-term cool off sometime soon and that cool off can play

Out in the form of bearish price action or neutral price action because both neutral price action and bearish price action can help to reset the RSI and so once again right now we’re simply playing out a bit of a short-term cool-off basically a break from that bullish relief to reset the RSI which

Can actually give us more room to the upside later on and so of course the bullish scenario would be if we see a little bit more of a rejection from this resistance perhaps bounce at around this area of support then in that case we could form that hidden bullish

Divergence and obviously in that scenario we could retest this resistance and then if we break out above that resistance in that case the RSI could be reset already giving us more room to the upside once we break out above that resistance but that entire bullish scenario really relies on the Bitcoin

Price holding above this area of support once again if we break below this area of support then that is where we can set up bearish price targets and so if we confirm a break back below around 41.6k to 41.7k then in that case looking at some bearish price targets based on the

Liquidation heat map first of all we now have some initial liquidity to the downside sitting at around 41.5k to 41.7k and so of course that is sitting right around the low end of this area of support right here and so it’s possible we could just hit that area of liquidity

Before bouncing once again that is a possibility but if we break below that area of support that I just mentioned then in that bearish scenario if we break below that area of support then in that case I would expect a drop down towards around 39.7k and we’d also have a lot of

Liquidity sitting at around 39.3k to 395,000 and so basically we will likely see a drop in the price of Bitcoin down towards 395,000 to 40,000 basically in that price range around there if we actually break below this area of support which obviously is not guaranteed and so at the moment we’re

Just waiting for that extra signal to confirm in order to set up those bearish price targets but once again until we see a break below that area of support as of right now we’re looking relatively neutral at least in the short term while we’re still between this support and

This resistance but anyway getting into the ethereum part of this video this is on the daily time frame and right now the bearish Divergence is technically still active meaning we should not really be expecting a significant amount of bullish momentum at least in the short term and if we’re taking a look at

The daily ethereum macd this is currently showing reduced bearish momentum trending towards a bullish cross but we have not yet confirmed a bullish cross and so basically what this means based on the the price oscillators is that right now we have relatively low momentum to either direction which is

Why we’re not really seeing a strong move to either direction we’re basically still chopping around sideways here on the daily time frame at least in the shorter term and if we zooming into the short term looking at the 4-Hour time frame obviously we’re continuing that bounce from this area of support which

I’ve been talking about since all the way back down here and this area of support still sitting in between around 2170 to around 2.2k and as of also been talking about pretty much every day here on the channel since all the way back down here right now the price of eth is basically

Playing out a fractal very similar price structure compared to what we saw back here and so this is why I have been more bullish again in the short term since all the way back down here because once again we have similar price structure with two major bounces from this area of

Support similar to what we saw previously and since then we have seen some higher lows put in place in the price of eth also similar to this previous price structure but what we’re now seeing thing in the 4-Hour ethereum RSI is of course the RSI entering into overbought territories for the first

Time since all the way back here on around the 11th of January and if we’re looking at what happened previously of course that happened just after a major pump in the price of eth and just before a bearish trend reversal and now it’s important to understand that this

Overboard signal in the RSI on the 4-Hour time frame by itself does not guarantee a massive bearish Trend reversal because even though it happened that one time previously most the time it just means we have limited room to the upside in the immediate short term and so over the coming hours maybe over

The coming days we do to see either a slight pullback or some choppy sideways perh action to reset the RSI and we’re already seeing a bit of a pullback in the short term resetting the RSI and so now that we’re seeing that pullback resetting the RSI out of those

Overbought territories back down towards more neutral levels technically this is now giving us more room to the upside to continue this short-term bullish Trend or this bullish relief and if we zooming all the way into the 2hour time frame of course this bullish Divergence that I’ve been talking about since all the way

Back down here is technically still active and playing out and of course I mentioned in my last video that there’s the possibility of a bearish Divergence forming here but as I mentioned in my last video we do not really have a lot of confirmation confirming that bearish

Divergence and so as of right now this short-term bullish Divergence is still playing out which once again means this bullish relief or short-term bullish trend is still currently active and if we’re taking a quick look at the price of salana on the 8 hour time frame over

The last one day we have just recently seen a rejection very close to this level of resistance which is sitting at around $108 and as of right now at the time of recording this video we’re currently running into this short-term support sitting at around $98 but if we break

Back below $98 then we could drop down towards around $91 to $92 and below that area of support we also have more support at the Gorden pocket sitting in between around $ 8350 to $85.50 and once again as I said in my last video here on the channel the 8

Hour salana RSI eded into overboard territories meaning we have limited room to the upside at least in the short term which usually plays out in the form of either a slight pullback or some choppy sideways press action to help reset the RSI and we’re also still potentially forming an inverse headed shoulders

Pattern here on the 8 hour time frame for the Press of Sala because these highs right here this line of resistance right here could be a neckline and right now we have a left shoulder and a head and so all we need to see now is a further rejection to form a right

Shoulder and then a bounce back to the upside to break out Above This resistance sitting at around $106 give or take and so if we end up seeing that playing out then that would set up a bullish price Target to the upside considering an inverse Head Shoulders

Pattern is a bullish pattern and so obviously that would be very bullish for the price of salana if we first see a further rejection and then a bounce back up above these Highs but either way whether we’re bearish or bullish or simply shopping around sideways he can

Make money in all of that price action if you watch these videos popping up right here on your screen because the video in the top left shows you how to make money if the price is bullish or bearish using Longs and shorts and the video in the bottom left shows you he

Can easily profit from choppy sideways price action but anyway that is everything that I have to say for today I really hope you enjoyed it and I’ll see you all in the next video