DXY US Dollar Index and SP500. Why I'm excited and macro bullish
Hi All,
So quickly everything changes. Here are my thoughts why the macro is bullish.
Note: many of my charts below are based on previous posts and the content (support\resistance, etc) was based on these.
a) US Dollar dropping, based on this chart (as well as getting it right - previous post, link supplied below).
b) SP500 brakes main resistance, bullish structure to revisit upper end (chart below as well as previous post links which discusses the approach and its implications)
c) Reflection on BTC. Its my opinion as a few people that a whale was keeping the price of BTC down while the US dollar was dropping and Gold\SP500 was going up.
It was odd while this was happening, BTC was going down. It seems that is over.
d) The news about 1% of Squares portfolio was spent on Bitcoin is the boost the industry needed ($50 Million dollars).
e) Willy woo tweets on Thursday > "This is one of the few times in my Bitcoin career where the fundamentals (on-chain data and metrics from infrastructure players) are in moon mode, yet the market is not woke to it. They will be by 2021. This is an opportunity I've not seen since mid-2016."
PREVIOUS DXY POST
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SP500 chart:
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GOLD chart:
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BTC chart:
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Silver Chart:
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Regards,
S.SAri
So quickly everything changes. Here are my thoughts why the macro is bullish.
Note: many of my charts below are based on previous posts and the content (support\resistance, etc) was based on these.
a) US Dollar dropping, based on this chart (as well as getting it right - previous post, link supplied below).
b) SP500 brakes main resistance, bullish structure to revisit upper end (chart below as well as previous post links which discusses the approach and its implications)
c) Reflection on BTC. Its my opinion as a few people that a whale was keeping the price of BTC down while the US dollar was dropping and Gold\SP500 was going up.
It was odd while this was happening, BTC was going down. It seems that is over.
d) The news about 1% of Squares portfolio was spent on Bitcoin is the boost the industry needed ($50 Million dollars).
e) Willy woo tweets on Thursday > "This is one of the few times in my Bitcoin career where the fundamentals (on-chain data and metrics from infrastructure players) are in moon mode, yet the market is not woke to it. They will be by 2021. This is an opportunity I've not seen since mid-2016."
PREVIOUS DXY POST
=========================================================================
SP500 chart:
=========================================================================
GOLD chart:
=========================================================================
BTC chart:
=========================================================================
Silver Chart:
=========================================================================
Regards,
S.SAri
Comment:
I stuffed up with the heading. I'm bullish on everything else but DXY.
Comment:
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
