Richard, our CEO, reviews state of crypto market and its outlook following the Fed rate cut. It’s possible that crypto market bottomed on Aug 5th. We’re seeing improving market vitals and indications of bullish trend reversal. We’ve got potentially big upside still ahead, altcoins are down 50-70% since April and still far from ATH. Watch the video!

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FED Cut Rates by 0.5%

The U.S. Central Bank (Fed) just cut interest rates by 0.50% and signaled that more cuts could come in November and 2025. That was the first rate cut in 4 years! Crypto markets appear poised for a rally during the rest of 2024 and early 2025. Even ahead of the Fed rate cut, altcoins have begun to show signs of trend reversal with many breakouts from Falling Wedge and Channel Down patterns.
Our trade setups have captured big winners like FTM +60% profit, TIA +47%, SUI +59% and AERO +33% (see charts below).

Lower interest rates and weaker US dollar typically favor valuations of risk assets such as crypto and stock markets.

However, unlike the stock market indexes, which are at historical highs, crypto has lots of runway ahead.

BTC is 15% below its ATH, but average altcoin is down 50-70% since April, so we’ve got lots of upside potential!

Here are some examples of recent winners.

Find more trade setups in our Technical Analysis and AI Chart Patterns sections.

FTM: Falling Wedge Breakout (+60%)

TIA: Falling Wedge Breakout (+47%)

SUI: Falling Wedge Breakout (+59%)

AERO: Triangle Breakout (+33%)

Check out more Technical Analysis charts