FOMC as market moves indicator
There is an interesting pattern, connecting FOMC news with price action.
It's "FOMC" mentions spikes in crypto social media.
Previous FOMC spikes happened right before market volatility increase:
And it often was a reversal. We think the history might repeat itself again.
Very often it's a volatility marker or comes close to a bottom.
So probably we might have something similar today, on coming FOMC news.
You might also want to have a look at 'inflation' or 'CPI' mentions chart:
And if you follow the link there will be more data showing how different channels talk about these topics (hint: Elon Musk knew what he was buying).
Thanks for reading!
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