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PRO_Indicators
May 16, 2021 10:05 AM

CryptoMarket Update (#19) : TrendFollowing Opportunity ? 

Bitcoin / U.S. dollarBitstamp

Description

Hope this idea will inspire some of you !
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Kindly,
Phil
Comments
stewdamus
@PRO_Indicators - Phil, I agree with your take. What I would like to hear is your take on BTC and it's correlation with DJI, S&P, NDAQ and BTC's inverse relationship with the U.S. Dollar. As you might know, the Fed is on the hot seat to save the dollar. with their tentative expectation to meet in mid-June, I am expecting a half-hearted charade to project the appearance of action against inflationary pressures. I am predicting they raise interest rates by 25 basis points. Though small and hardly significant, I believe this may be the trigger which pushes the markets even lower and along with them, Bitcoin. What are your thoughts on this?
Cody80440
Detailed technical analysis. Interesting views on the market. Thx for sharing them!
jdindle
nice, thank you
CryptoDonkie
Thx for your detailed and clear analysis again, best of luck to you Sir
BenvanhetLicht
Thank you again!

really appreciate your objectiviness,honesty and sharing your Knowledge!

Respect
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