I like to use these charts to get an overall feel for investor sentiment when trading/investing in these markets. I believe having future's pricing data available gives us some insight into whether we are in a Risk On/Risk Off environment. Right now, compared to a few weeks ago we see some changes across the board. BTC is below a key weekly level (below Daily 50 and Daily 200) and trading bearishly within a Demand Zone. We see Gold now above the Daily 50/200 trading bullishly.
The Dollar and the Forex Dollar (DXY) seem to be in alignment with the bullish sentiment but is it going to be a "real" bull run or are we seeing short-term optimism waiting for the other shoe to drop based on US financial policy decisions?
The Dollar and the Forex Dollar (DXY) seem to be in alignment with the bullish sentiment but is it going to be a "real" bull run or are we seeing short-term optimism waiting for the other shoe to drop based on US financial policy decisions?