As you can see the pattern played out very well, the target is now reached and we are seeing profit taking. I expect this to start dipping from here as I don't see why it would go any further. The heavily printed dollar is on life support and this will show sooner or later.
Holding cash now? Not for me, I am in Crypto. Perhaps for you gold junkies now is the time for you too!
I am not really trading / shorting the dollar chart, but if you guys are, maybe this is a great opportunity. For me, this analysis is just another bullish factor in the case of cryptocurrency. Might not like that, but that's what I believe.
Cheers! Will be interesting to see how this plays out, and also, hearing that Warren Buffet is hoarding cash right now makes me think I will outperform him the following year. I can't wait!
Holding cash now? Not for me, I am in Crypto. Perhaps for you gold junkies now is the time for you too!
I am not really trading / shorting the dollar chart, but if you guys are, maybe this is a great opportunity. For me, this analysis is just another bullish factor in the case of cryptocurrency. Might not like that, but that's what I believe.
Cheers! Will be interesting to see how this plays out, and also, hearing that Warren Buffet is hoarding cash right now makes me think I will outperform him the following year. I can't wait!