TVC:DXY
U.S Dollar Index marked on the weekly chart
The U.S Dollar has been on a tear the past year, almost breaking old highs from 2001. However, DXY has chosen to respect its historical seasonality with the pullback in recent weeks which I believe will continue further before ultimately re-aligning with the longer term bullish narrative.
Confluences
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COMEX:GC1!
Gold Futures marked on the weekly chart
Confluences:
Major sellside liquidity taken with the break of the 2021 lows, should now seek the opposite: buyside.
Respected the volume imbalance boxed at 1625-1650 by wicking up 3 times and candle bodies staying above; It shows signs of accumulation.
Market Structure Shift (MSS). First time a...
Happy New Year.
It has been a historic year in the markets.
From the war in Russia to the Fall of Crypto.
Here are my 5 top ideas from 2022.
#5 Learning the Ichimoku Cloud.
A 4 part idea breaking down how to read the indictor
One technical analysis improvement I made in 2022 was learning the Ichimoku Cloud. I have found it invaluable for understanding...
2022 was the year that the Euro fell below the parity level against the US dollar. That means 1 EUR = 1 USD.
The last time the Euro fell below the parity level was in Jan 2000 (22 years ago). And that time, it remained below parity for almost 3 years before breaking higher again.
Fortunately, on this occasion, the time the Euro spent below parity was...
As you can see we have a descending channel that has the Bitcoin price at $25k and two points touching the bottom of this descending channel at $17.7k and $15.8k. If we come in contact with this lower (yellow) trendline (mentioned by Gareth Soloway) we could possibly see price action at $9.5k. If this is the case the bottom could well be in this bear market.
The GDP number of 2.7% growth is being propped up by net exports, while consumption is at a cycle low. This is horrible for earnings expectations and risk assets. Net exports were at a low in prior quarters, making the economy look worse off than it was. Now the economy is actually worse off than it is and the metric is instead making it look better. This is why...
The fed usually hikes into growth and eases when it realizes the economy is too weak to absorb the impact of the hikes, so historically stocks usually rise as the hiking begins and crashes when the fed takes their foot off the pedal.
This time the fed is late. They hike as the housing market is brought to its knees and the economy is slowing. Equities are down,...
My hopes remain still positive during this bearmarket. I've got my own idea's about Shiba ending this year and starting the next one.
This is what it look's like.
Hello all,
Just speculation for fun from a fellow beginner and ETH holder.
We seem to be forming a pattern similar to 2018s Cycle bottom.
2018s cycle went down 94% from ATH to bottom. This cycle we've gone down around 70% from ATH.
if cycles were to somewhat repeat we could be in for another 60% to 80% correction at the current price in the worst case scenario ...
I want you guys to tell me when Bitcoin could possibly reach its next cycle top. I have three suns illustrating where this may happen. Out of these three which one do you think it will be?
using a pitchfork along with an ascending channel. I am basing this ascending channel off of the first three points of contact at beginning of this channel along with a touch at the resistance top of ascending channel. We dipped below this ascending channel and in order for this channel to be respected, we will have to come back inside the channel. The Pitchfork...
Not financial advice. Do your own research. This is important. That shows how Bitcoin might dump and pump for the future and possible upcoming accumulation zone. Alternatively, if Bitcoin makes break out to around 56K suddenly, it might be close to complete the bull season that it started previously.
TF: W
I think BTC price action could play out in a few different scenarios over the longer timeframe (1-2 years) outlook.
Scenario 1: BTC is currently approaching a broken level of support around $44,500, this also aligns with the 1.382 extension from the move from $~20k to~$3.1k correction. If this rejection occurs and acts like a ceiling and holds below these...
