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Rate Hike At 2pm?

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JULY 26 2023
 
   
JEFFRY TURNMIRE’S MARKET MONSTER
All Eyes On The Fed — Plus Big Earnings News
 
 
 

The Fed’s meeting concludes today — and a possible rate hike is on the table for 2pm Eastern.

Plus, MSFT and GOOG reported earnings yesterday evening and the reaction went in opposite directions. META and others are today. This is turning out to be a busy week.

And, as always, stay tuned for today’s movers and losers as Jeffry scans the SPX, QQQ, IWM, and other tickers to find today’s potential plays. 

 
JEFFRY TURNMIRE
A Pattern You Can Play (Do You See It?)
 

If you’ve been following me for any length of time, you know that patterns are kind of my thing.

That’s because in my experience, repeatable patterns lead to the highest probability setups.

And high probability setups are what separate trading from gambling.

So with that in mind, I have a question for you…

When you look at this chart, can you spot a pattern?

 
 
I’m not just talking about the random ups and downs.

Remember, a repeatable pattern is the first step to finding high probability setups.

I know that looking at a chart like this without any context, it’s hard to know what to look for, so I’ll give you a hint…

 
Where do the biggest downward spikes happen each month?

If you said, “near the end of the month”, congrats — You’ve got a great eye for patterns!

Here’s that same chart with dates marking the biggest downward spikes each month:

 
 
So now that we’ve spotted this pattern, what does it mean?

Well, the first thing you need to know is that the chart above isn’t a stock chart.

It’s a chart of the Bitcoin hash rate.

Now, before your eyes glaze over, stick with me! I’m getting to the good part.

Because while the chart above is not a stock chart — it might as well be.

See, when the Bitcoin hash rate drops, so does the price of Bitcoin.

But as you can see on the chart, after those deep downward spikes, it bounces right back up.

I think you can see where I’m going with this… so I’ll come right out and say it:

Towards the end of every month, the Bitcoin hash rate — along with the price of Bitcoin — gets artificially suppressed.

And if you know about a particular “loophole” that I’ve discovered, this is a pattern you could ride at the end of every single month.

Which reminds me… Take a look at your calendar.

With the end of July fast approaching, the next big downward spike is coming…

And I’m getting ready to play the next Bitcoin price drop to my advantage.

I’d love to show you how I’ve been doing it.

If you want to hear more about it — including why this pattern is so predictable — join me today at 11am Eastern. Just click here to register your spot.

Hope to see you there,

— Jeffry Turnmire

 
   
 

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