Market Update

Just a quick note to be careful today. I think we may see a lot of volatility when the CPI comes out. The Fed has its target of 2% inflation. This is why I don’t trade and just hold. Many people are going to use a lot of leverage which is really dangerous.

In the meantime the DXY or dollar index could be spilling over. The gold backed currency by the BRICS nations are no doubt putting pressure on the USD which is great for Bitcoin.

I personally think CPI inflation will have dropped some more further solidifying a more risk on environment which crypto loves.

I am still looking at getting more INJ during any dumps that occur.

I’ll keep everyone posted