🔥 Fed Powell's TIE Can Predict Bitcoin's Price Direction 👔
Ever since the bear market started back in November of 2021, the FED's press conferences have become more important.
Funnily enough, the color tie of J. Powell is (weakly?) correlated to the market's reaction over the following 1-2 days to the FED interest rate announcement and corresponding press conference. On the chart you can see the press conferences where Powell wore either a blue or purple tie.
Most dangerous are the markets when Powell is wearing a blue tie. In 3/4 of the occurrences the markets sold off for two days after the press conference.
The purple tie has a more positive effect on the markets. 4 out of 6 times, Powell's purple tie made the market rally for at least the first day after the conference.
Seeing that Powell is wearing a purple tie today, there's a decent probability for the markets to go up tomorrow.
This analysis will be useful as long as Powell will keep his tie-color-preference to both purple and blue.
If you haven't already noticed, this is an ironic post. However, it's still funny to see how it worked out in the past.
Funnily enough, the color tie of J. Powell is (weakly?) correlated to the market's reaction over the following 1-2 days to the FED interest rate announcement and corresponding press conference. On the chart you can see the press conferences where Powell wore either a blue or purple tie.
Most dangerous are the markets when Powell is wearing a blue tie. In 3/4 of the occurrences the markets sold off for two days after the press conference.
The purple tie has a more positive effect on the markets. 4 out of 6 times, Powell's purple tie made the market rally for at least the first day after the conference.
Seeing that Powell is wearing a purple tie today, there's a decent probability for the markets to go up tomorrow.
This analysis will be useful as long as Powell will keep his tie-color-preference to both purple and blue.
If you haven't already noticed, this is an ironic post. However, it's still funny to see how it worked out in the past.
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