Hello everyone.
I recently posted a DXY chart, but now I have to release another one.
A new one and with a different timeframe.
Because I made an observation on a larger timeframe,
and I'm afraid that if I publish it in an update of an old idea,
a lot of people won't notice this observation.
So, this is a 2-week chart of the dollar index.
On the left we see the current situation,
on the right 2014 as a model example of what happens with this indication.
In Ichimoku theory, it is considered that the correction will be deeper if the candles
pierce the cloud and the two indication lines (Tenkan/Kijun) also pierce its bottom
(Senkou Span B).
Then the structure of the lines starts to work as bearish, and we can expect further
price decline in search of support.
Here we can see that on a large timeframe, the situation is not as bearish as many
people expect, resorting to 1 hour - 4 hours - 1 day charts, etc.
The Senkou Span B line structure is also bearish.
1. Senkou Span B was not broken, the candles held inside the cloud body.
2. There is already a candle that has crossed above Tenkan-Sen.
3. Kijun-Sen looks like it is preparing to cross Tenkan from the bottom to
the top to form a golden cross.
My three indicators show that there is a margin of strength for such a move.
On the right, I have given a clear illustration also on 2W timeframe 2014 when situation was exactly the same.
1. Senkou Span B gave support (cloud is clipped, but I can definitely
see on my chart that the line worked as support, check it out for yourself).
2. Two Indication lines did not violate bottom and candles inside
the cloud moved above the lines.
3. A golden cross was formed.
4. Rocket.
What's left for us to do?
Wait 9 days for 2W candle close so that it stays exactly above Tenkan-Sen line.
And I also expect if not in 9 days, then within 15-30 days a gray cross on the indicator SQZMOM_LB, which will confirm the beginning of major volatility.
Those who trade cryptocurrencies need to consider likelihood of this happening.
Dollar is still strong.
I recently posted a DXY chart, but now I have to release another one.
A new one and with a different timeframe.
Because I made an observation on a larger timeframe,
and I'm afraid that if I publish it in an update of an old idea,
a lot of people won't notice this observation.
So, this is a 2-week chart of the dollar index.
On the left we see the current situation,
on the right 2014 as a model example of what happens with this indication.
In Ichimoku theory, it is considered that the correction will be deeper if the candles
pierce the cloud and the two indication lines (Tenkan/Kijun) also pierce its bottom
(Senkou Span B).
Then the structure of the lines starts to work as bearish, and we can expect further
price decline in search of support.
Here we can see that on a large timeframe, the situation is not as bearish as many
people expect, resorting to 1 hour - 4 hours - 1 day charts, etc.
The Senkou Span B line structure is also bearish.
1. Senkou Span B was not broken, the candles held inside the cloud body.
2. There is already a candle that has crossed above Tenkan-Sen.
3. Kijun-Sen looks like it is preparing to cross Tenkan from the bottom to
the top to form a golden cross.
My three indicators show that there is a margin of strength for such a move.
On the right, I have given a clear illustration also on 2W timeframe 2014 when situation was exactly the same.
1. Senkou Span B gave support (cloud is clipped, but I can definitely
see on my chart that the line worked as support, check it out for yourself).
2. Two Indication lines did not violate bottom and candles inside
the cloud moved above the lines.
3. A golden cross was formed.
4. Rocket.
What's left for us to do?
Wait 9 days for 2W candle close so that it stays exactly above Tenkan-Sen line.
And I also expect if not in 9 days, then within 15-30 days a gray cross on the indicator SQZMOM_LB, which will confirm the beginning of major volatility.
Those who trade cryptocurrencies need to consider likelihood of this happening.
Dollar is still strong.
Comment:
Hidden bullish divergence on the Daily.
Comment:
Guys, it looks like we are in for a long term start to the dollar's rise next year.
What fall, what are you talking about?
The 6-month candle is on the verge of exiting the red Kumo.
The candle is above the Kijun-sen
Kijun-sen will also cross the border of the red cloud.
The Chikou Span is already in the cloud.
All this will happen on January 1.
After that the dollar will ride to the top of 2001.
It's hard to say for how long, not right away.
But after January 1, it's a megabull trend.
Guys, it looks like we are in for a long term start to the dollar's rise next year.
What fall, what are you talking about?
The 6-month candle is on the verge of exiting the red Kumo.
The candle is above the Kijun-sen
Kijun-sen will also cross the border of the red cloud.
The Chikou Span is already in the cloud.
All this will happen on January 1.
After that the dollar will ride to the top of 2001.
It's hard to say for how long, not right away.
But after January 1, it's a megabull trend.
Comment:
Comment:
Comment:
There is a classic FOMO happening on bitcoin,
the only thing that differentiates it from upside
is that it is a bearish rally of gigantic proportions.
Does it want to stop in the 43-45 range? Okay.
So it's going to fall to eliminate the most recent stoploss.
It's especially funny how FOMO on Bitcoin continues
to act without noticing that dollar has reversed on daily chart.
the only thing that differentiates it from upside
is that it is a bearish rally of gigantic proportions.
Does it want to stop in the 43-45 range? Okay.
So it's going to fall to eliminate the most recent stoploss.
It's especially funny how FOMO on Bitcoin continues
to act without noticing that dollar has reversed on daily chart.
Comment:
We should expect upward momentum.