$FTM, $HBAR, $RVN, $LTO, $QNT, $BTC, Technical Outlook, Edition #171 (10/01/2022)
Top FIVE Altcoins nominated by the Q Family 🚀 Read on for Dot Plot, NFP, and the latest Cryptocurrency market research 👇
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Q's take on the Bigger Picture for Crypto in 2022
Markets start the new Monday session with a surprising nonchalance after last Friday's mixed US Non-Farm Payrolls (NFP).
While the consensus forecast had a 400K increase in Non-Farm Payrolls for December, the actual data shows a significant undershoot at 199K new jobs in the final month of 2021.
The headline data is generally released on the first Friday of each month.
In addition, Qluster analysts perceive rising bond yields in lockstep with inflationary pressures - apparently in a high stakes race to the boiling point.
And, how does the United States Federal Reserve respond?
With the so-called Dot Plot...
The Dot Plot is a favoured instrument used by the US central bank to signal its forecast for interest rate adjustments. In this case, the path forward has revealed three Fed funds rates hikes this year - followed by another three in 2023.
While challenges surely await in the journey ahead, keep in mind that any actual policy changes are at least one quarter away from being implemented.
One old trading adage says it simply:
'Buy with the Fed. Sell with the Fed'.
For a more detailed breakdown into how policy changes affect the market, be sure to familiarise yourself with Edition #170 and gain insight into the breadth of power and influence the US Fed possesses.
Embark now with Qluster analysts and sample tonight's crypto coverage - featuring technical setups and a closer look into the Altcoins nominated by our premium subscribers via Facebook:
If you haven't already, become a paid subscriber and have a say in the next Altcoin analysis nomination - and if you're already a subscriber, please carry on and enjoy the rest of this article 👇