After positive US CPI data and DXY weakness, equities & crypto have pumped up during the whole week.
But, will the rally continue?
I don't think so, especially with the 200 daily MA resistance and interesting liquidity below 21k as people got so greedy!
Here is a weekly DXY chart, we expect a bounce from this support area at least for the short term:
But, will the rally continue?
I don't think so, especially with the 200 daily MA resistance and interesting liquidity below 21k as people got so greedy!
Here is a weekly DXY chart, we expect a bounce from this support area at least for the short term:
Trade closed: stop reached:
Part of this game ;)