Plus seen BTCUSDShorts 20MA down MACD Signal Line positive Histogram red. DXY green candle like 13 Nov 17
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Soon as market sees a bottom in TNX and end to DXY retrace then boom we may start go to the moooooooooooooooooooooooon. If DXY goes higher then we need to look at a bigger picture. Bitcoin looked so close to going bananas Friday 5th July, now it could take a little longer. We'll see. DXY not dropping does not mean bitcoin can't go higher but my analysis on a previously published chart indicated to me that it could help NOT ADVICE. DYOR.
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How are we doing. 5 Months up in a row plus 38.2% retrace looking good like Sept 2017, and close to the May 2019 high. A lot higher from the 7 Mth MA though which is nearer a 61.8% retrace. NOT ADVICE. DYOR
Yesterday, Jerome Powell's speech disguised the cryptic currencies. But the main trends have not been damaged yet.
Felix000
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I looking at my charts and thinking hey DXY and TNX moving in the right direction to boost bitcoin trend.
Maybe today is going to be the low.
Why isn't bitcoin following gold.
Info that caught my eye from yesterdays news feeds: -
"Trump wants lower interest rates and weaker $, so that is what Trump gets."
"Fed Chair Powell delivered a dovish testimony. We now expect a 25bp cut at the upcoming meeting with a chance of a 50bp cut." - BofA.
Another said maybe we get the smaller and another in September.
Others, that maybe Fed needs room for manoeuvre in case Deutchsbank becomes to big a problem, and has to calm the markets.
Hmm. NOT ADVICE DYOR
tradingview.com/x/91Pf3hPo/@meszaros,
Felix000
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Chart did not show up so I've posted it in the comment box@meszaros,