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What's Coming After The Fed's Jackson Hole Meeting | Gareth Soloway
Both crypto and traditional markets held steady for the past week, anticipating Jerome Powell’s speech from Jackson Hole, Wyoming. Powell’s sentiment was bearish, as he warned that higher interest rates likely will persist “for some time. The historical record cautions strongly against prematurely loosening policy.” Amidst the news, Bitcoin dipped 6.4%, trading for $20,180.66, while Ethereum plunged by a bit more, dropping 11.1%, trading for $1,496.86. The news did not come as a surprise for trader and analysts Gareth Soloway, who has been predicting bearish action going into 2023, as he sees the Federal Reserve running out of options to negate the historic inflation and looming recession. In a 2-hour interview with Frankie Candles, Soloway gave the best and worst case scenarios for Bitcoin, from the technical analysis perspective. Soloway still believes that 12k is in play, but long term, he is bullish and feels this is the perfect time to buy.
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THIS INTERVIEW WAS POSTED ON AUGUST 25, 2022
Watch the full unedited interview here ⬇ [Credits] 🙏
https://www.youtube.com/watch?v=gypJebrnmG0&t=1028s
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound
🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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FAIR-USE COPYRIGHT DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by the copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.
-This video has no negative impact on the original works (It would actually be positive for them)
-This video is also for teaching and inspirational purposes.
- It is not transformative in nature.